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The Weekly Wrap: Friday, August 19, 2005

19 August 2005
Author: site admin Posted under The Markets, Top 20 Stocks

Well its been Home, Home on the Range, as in “Range Bound Markets”. This week as the S&P 500 went down through 1227 I closed out all positions except ADSK - Autodesk, Inc. as I thought they wouldn’t disappoint at earnings on Thursday (and they didn’t). So now when the right time arrives I will have to re-establish new positions (possibly FCL, RAIL and something besides QQQQ). I did lock in some nice gains though. Now its up to the markets. There are several good looking stocks in the UltraValue list and I will post some possiblities later. Oh, I also closed PVADX in my 401k account. It happens to be the most volatile fund (a small cap fund) in all the options I currently have available and has performed well.

Markets at a Glance
Index Started Week Ended Week Weekly Change Yearly Change
DJIA 10,600.31 10,559.23 -41.08 (-0.40%) -2.10%
Nasdaq 2156.90 2135.56 -21.34 (-1.00%) -1.80%
S&P 500 1230.39 1219.71 -10.68 (-0.90%) +0.60%
Russell 2000 660.00 652.51 -7.49 (-1.10%) +0.1%


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