[Weekend Summary]
Dear Member:
The markets are showing some signs that they may have gotten a bit ahead of themselves if not that they are ready to retrace a little. Among the major averages, only the Nasdaq was up for the week. It, along with the Dow Industrials and the SP-500 were down Friday on average or slightly above average volume. Meanwhile, volatilities were creeping up suggesting a slightly more bearish tilt. My services had a mixed week from a winner I closed in the nick of time in the $10 Trader to realizing a couple of crummy losses in Option Trader. Trend Trader added a couple of positions and held its own.
I closed Iamgold (IAG) right on time for a 42 cent a share profit this week. Mindspeed (MSPD) broke above the $2.40 barrier and generally had a good week.
S1 Corp (SONE) has been faithful to the uptrend line so -- so far, so good.
Introgen (INGN) about which I wrote at some length last weekend descended to support. As I suggested, I have held on because of the "home run" potential this company offers. There is a pretty firm support in the $4.40 area, and I'll just need to keep watch as the cancer drug proceeds through final phase testing after such good reports so far.
The caution flag is out again as the markets give some signals of turning over. We'll just keep on top of the movements.
Thanks for subscribing and have a good weekend.
Bill
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