stock market, stock market

[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. Powerwave Technologies (PWAV)showed some real strength as it headed toward the resistance where it now sits. It is up more than 8% since my entry toward the end of last month. I now have a stop tight against the price since the stock is so close to resistance. In terms of unrealized gain, PWAV more than makes up for the relatively small loss I took when I closed my position in Safeguard Scientific (SFE) when it dropped on a negative surprise in the earnings announcement. Cybex (CYBI) was down a little, but came to rest after a little bounce up off the uptrend line. Mindspeed (MSPD) moved back up, but is still channel-bound. I'm looking for the break through. Introgen (INGN) has some really promising cancer treatments in the FDA pipeline and I continue to hold this one looking for some very positive news. In the meantime, it is staying above the 40 and 50 day moving averages. Have a wonderful weekend. Bill
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