We bought some shares of WYNN last Thursday as a short-term trade and closed the trade out on Friday at a nice profit. Today we awoke to the news that WYNN has declared a special dividend. WYNN gapped up more than four points. If only we had geld the stock over the weekend..........
On a better note, we bought some IBM just after the opening today (at 123.66). The stock is now at 124.54 a share and not yet showing any real weakness. We are waiting for it to break its uptrend line, or its moving average or whatever to give us a sell signal. The nearest resistence is at $126.
Monday, November 9, 2009
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