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[Weekend Summary]

Dear Member:

The markets have continued to show remarkable strength and just when it looked like they might turn over, Mr. Bernanke's comments gave a renewed lift. All the major indices were up for the week and volatilities remain quite low so the bull appears to be alive even if a bit long in the horn.

I had a fairly busy and profitable week in $10 trades. I closed my position in Navios Maritime (BULK) for a $1.15 a share gain (+21% before commission) in a couple of months. I also sold my shares in Blackrock Senior Income Fd (ARK) for an overall gain of $0.53 (+$0.25 in share price and +$0.28 in dividends) before commission since the end of December. That works out to a gain of about 8%.

I added a position in S1 Corporation (SONE)which has been trending up and looks as though it could continue the advance.

Introgen (INGN) suffered a drop after some negative commentary when it announced a $150 million common stock shelf offering. Adding those shares to the market does dilute the share price somewhat and it is not surprising that the price fell somewhat. While I am primarily a technical trader, I have a lot of interest in the fundamentals and potential of this company which, among other things is in the final stages of testing Advexin, a possible treatement for head and neck cancer. To date, the trials have gone well. In addition, INGN is involved in researching genetic therapies for breast, lung, prostate, brain and other cancers. The company offers a high risk, possible high reward scenario. It may have additional common stock shelf offerings as well. I am sticking with my position for now recognizing that a positive announcement on the final phase of testing of Advexin could cause the stock to jump while a negative announcement could result in a significant drop. Again, this one is high risk with a home run potential.

Iamgold (IAG) was up for the week and has remained in its' long term uptrend.

Mindspeed (MSPD) moved up for the week and is now dealing with resistance around $2.45. A close above $2.45 with supporting volume could bode well for this stock.

Thank you for subscribing and have a great weekend.

Bill Kraft

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stock share
stock market result