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Friday, August 22, 2008

FRIDAY!



These past many months getting to Friday has been a relief because on the weekends we can't lose money. Well for a change this week we have enjoyed some upside. So everyone's portfolios should be a little bit fatter this week. A few points. Many posts in the comments section which i love and enjoy. And there is always room for more. Secondly lots of posts from Williams (WPZ) holders. In case you guys missed it i posted last night that a nearly 2 million share block of Williams shares was crossed yesterday at 25.75. So maybe that is the last of whoever was selling shares these past many days. Also there has been some weakness from time to time during the day along with skepticism. I view that as bullish. If we were running straight up it would just be more of the same tape action. The action this week in terms of the tone of trading has changed. Now if the overall market can behave itself then maybe we are really building a base here to launch something more substantial in the fall.

Crude is off a little this morning after yesterday's rally. Stock futures were lower but have suddenly taken off led by financials. Nat gas is a little lower and the dollar higher.

2 comments:

Anonymous said...

My last quarterly payments I received from PSE,ATN & VNR were paid dividends instead of return of captital. I know this has to be a mistake that the companies, tranfer agents, made.
I was wondering if any of you guys were paid in dividends instead of return of capital from these companies. I'm trying to get this straighted out with the trasfer agents. So far it has mostley just frustrating.
Thanks Paul

joewxman said...

thanks for the heads up. Have you tried dealing with the companies instead of the transfer agents?