[Weekend Summary]
Dear Member:
Another interesting week in the markets. Each of the major indices (Nasdaq, Dow Industrials, and SP-500) showed gains though the S & P only managed a point. More importantly in my judgment, each is now coming up to major levels of resistance. The Dow is again moving toward the magic 14,000 test, the Nasdaq 2725 and the SP-500 1553. Only time can tell us how each will react to these important levels, but we should find out soon.
City Telecom HK (CTEL) the Hong Kong telecom company remains in its uptrend and has showed wide movement as a result of the small number of shares traded as I originally predicted. This volatility can produce some dramatic moves in either direction and I am looking to catch a jump.
China Grentech Corp (GRRF)was a new position this week and is above my entry. It, too, has shown some volatility since I bought shares. In fact, it hit as high as $11 before dipping back down under $10. The stock continues to have positive DMI and remains above support, all of which is bullish.
Silicon Storage Tech (SSTI) has stayed above the 20 day moving average and also has positive DMI.
Blackrock Sr Hi Income Fd (ARK) is doing what it is supposed to do -- paying regular monthly income. It paid another 4.7 cents a share today. I personally have those dividends reinvested because I like the annual yield (somewhere over 8% at the current price).
Introgen (INGN) had some good news this week, but I am still awaiting results of the final phase testing of one of its cancer treatments currently in the pipeline.
Thank you for subscribing, and have a good weekend.
Bill
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