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stock trader, stock share
[Weekend Summary]
Dear Member:
The beat definitely goes on with all the major indices continuing to show strength. As always, we just try to play the hand the markets deal. Interestingly, that has enabled me to have good success in both Trend Trader and Option Trader. $10 Trader has been faced with more of a challange to find promising candidates since many stocks have passed up and out of the $10 limit. Of course, the fact that something is harder to find doesn't mean it isn't there and I consistently work to find those issues that are preparing to move.
I should mention that I will be doing some traveling over the next several weeks so I will not be glued to the computer every day. I will, however, be watching the markets regularly and will send alerts when I set and/or move stops so you can see how I attempt to protect myself when I am on the move.
I was able to put another play in the profit column when I closed my position in Nokia (NOK)with a 76 cent a share gain after just 3 days. The stock had bumped against resistance and was dipping when I pulled the plug and took the gain. A break through resistance around $29.25 could offer another entry.
Palm, Inc. (PALM) was up this holiday shortened week as was Evergreen Income Adv Fd (EAD). EAD is back around my entry price and pays that hefty dividend making it a pretty good income play for my money.
Realty Income Corp. (O), primarily an income play for me as well, also made a decent bounce.
Have a great weekend,
Bill
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