Good Day WOB Fans,

Today we bought 1,000 shares of Ceradyne (CRDN) @ $23.00 per share on a pullback near the open and sold the stock for 1/2 point profit ($ 500.00). Ceradyne actually closed @ $23.87 per share.

Remember noone sells at the top or buys at the bottom except the liars. With that said; I am pleased with a 1/2 point profit for Greg’s Paper Portfolio. After all…I’m just “fly fishing in salt water.”

Industrial stock and financials popped to the positive as the nonfarm payroll report is due this Friday. Veterans in ” the biz ” have stated that all today’s action was a result of short covering. Almost 100% of the S&P showed gains. Can this be a bait and switch by the market makers? Maybe the institutions are “Fly Fishing” in the market as well. Looks like the major players are chumming the market waters to catch unsophistocated investors or online self-directed 15% ROI guys.

Greg’s paper portfolio total is $ 226,100.00

President McKinley Williams, II