[Weekend Summary]
Dear Member:
I can't say much about the resilience of the market but wow. I really expected a retracement by now, but it keeps on chugging. I do urge serious caution since it can turn at any time and when it does, my guess is that there will be a pretty swift drop short term.
On the not so bad side, Palm, Inc. (PALM) has been a little disappointing from the standpoint that it hasn't broken up and out. I am still in the position since my exit has not been triggered.
On the bright side, the positions designed to be income producers are doing well. Nuveen Senior Income (NSL)moved up again this week; Evergreen Income Adv (EAD)slightly more than held its own, and Realty Income Corp. (O) while down a little is still well within its channel and pays a worthwhile dividend.
I added a position in the Greenbrier Companies (GBX) today. The daily chart has a gap to fill about $1.20 away from my entry price.
Have a wonderful weekend.
Bill
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