| Dear Friend,
It was not a good week for the market (down 1.2%), and for the most part, our portfolios did not prosper very much either. We had some really bad luck with how price changes in COST impacted our new Earnings Eagle portfolio, and NKE tumbled once again after reporting above-expectation earnings. Some weeks are for living and others are for just getting through. This was one of the latter.
Enjoy the full report, especially the possible IBM idea of the week.
Terry
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