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[Weekend Summary]

Dear Member:

This was a good week for Option Trader, Trend Trader, and $10 Trader where I was able to close profitable trades in each. The markets were cooperative and each of the major averages was up though fairly modestly. Volatilities remained low so it appears that the bulls remain in control. We are now in earnings season so we'll be seeing the release of a lot of fundamental information regarding individual stocks in the coming weeks. For now, sentiment appears to remain on the bullish side.

I received a disturbing email this week from a subscriber who accused me of sending out my trades a couple of days after they had been made and who, therefore, questioned the returns I have written I am making. I want you all to know that I don't wait two days to send out the trade as the subscriber accused. I send them immediately. I responded and advised him that I could only guess that the problem was with his ISP (one I believe is located in Canada). If any of you are receiving the alerts days after I say I am making the trades, please contact us and let us know, but be assured it is not because I am withholding them to see how they work out.

I closed Silver Wheaton (SLW) after 8 days for a 10.1% gain before commissions. It broke another resistance today and could provide another opportunity next week.

Safeguard Scientific (SFE) is still in the plus column though it was off 11 cents for the week. The stock has remained in the uptrend and has not given the signal to get out.

Introgen (INGN) has had a strong week and though it has not returned to my entry price, it did manage a 92 cent gain on strong volume. This is one where I am looking for final phase test results on the cancer treatment.

Mindspeed (MSPD) just can't seem to get to speed. It is still consolidating and is at the lower end of the range. Any further drop and I will need to pull the plug.

You will recall that I promised to continue updates on Silicon Image (SIMG) even though I was not filled. It broke above resistance at $9 today. I'll be looking at it Monday to consider another attempt entry. If it can't hold above the $9 level, though, I would not consider it to be bullish any longer.

Have a super weekend.

Bill

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