Monthly Cash Machine Newsletter, Thursday, 04/06/2006 06:28:58 PM ET
WATCH LIST - 4-6-06 Update
by Steve Gail
HAVING TROUBLE PRINTING?
WATCH LIST ACTION as of 4-06-06
AMZN finally broke through the $38.00 resistance and we through in the towel for a NET DEBIT of $1.30 to close out our AMZN position. ALL SUBCRIBERS SHOULD BE OUT OF THE POSITION AT THIS TIME with a NET DEBIT of no more than $1.30
Sometimes you just have to raise the white flag.
In addition MRVL made a strong move and closed above $60 and must be added to our WATCH LIST.
MRVL along with HHH's close at $59.02 +$0.66 brings us to four (4) positions on our WATCH LIST
ADDED TO WATCH LIST
REMAINS ON WATCH LIST
NFLX - blockbuster lawsuit entered the news arena today, as blockbuster will fight NFLX's claim of patent infringement on their mode of rentals and service fee. NFLX still stays above our (WATCH LIST target of $27.75) with its close of $28.25 and drop of $0.41. $29 still holds as firm resistance and has held again, lets hope for another failed test to break and close above $29 by the stock if NFLX tries another run
NEM again with the fear of inflation NEM moved up over $0.48 and closed at $54.05. Once again the $54 and change area was tested and will probably be assaulted again tomorrow if there is any inflationary signals
CURRENT WATCH LIST as of 4-6-06
MRVL NEM NFLX HHH