[Weekend Summary]
Dear Member:
What can I say? The markets continue up and volatility has remained low. So far, I see no signal of a downturn so I will keep playing bullish. It seems like we should get a retracement somewhere along the way, but for now, we just want to play it until it breaks.
I jumped in and out of Seabridge Gold (SA) in an unusually fast play that I entered yesterday and exited today. My sell limit was $15.95, but the stock moved to $16.10 after my alert so the gain before commission was $0.73 or 4.7%.
Realty Income Corp. (O)remains in its' channel and went ex-dividend on Wednesday. Holders of the stock on Wednesday will receive a $0.12712 a share dividend on June 15th.
Evergreen Income Adv Fd (EAD) has been a good play so far as it continues to climb. It is in an area of resistance right now, so I am exiting if it drops below $14.80. I will be travelling part of Monday so I want to have the exit in place in case of a dip.
Palm, Inc. (PALM)is moving sideways, but has not given my "pull the plug" signal yet. The stock has been consolidating and often after a consolidation, there can be a 'pop.' I just want to see the pop up, not down.
Thanks for subscribing.
Bill
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