Dumped the Dead weight in the Portfolio

A lot of stocks we have held far too long have hurt our performance and its time for a clean slate. Sold:

1000 HLYS @ 5.56
2000 NTCT @8.84
3500 OPK @2.64
1000 CRNT @9.05
1000 EPAY @13.13
3000 NEON @2.92
1000 CVLT @15.30

Added Ceragon Networks (NASDAQ: CRNT) to the Portfolio

Bought Ceragon Networks (NASDAQ: CRNT) 1000 shares @ $18.30 were added to the [model portfolio] today. Alerts and strategies (entry/stops/targets) have been given to subscribers via email and further details will also made available and updated in our weekly newsletter. [subscribe] .

Sold Remainder of Ceragon Networks

Sold remaining 1000 shares @17.90 of Ceragon Networks (NASDAQ:CRNT) in the model portfolio. This one remains a great trader and hopefully we can buy shares again after a pullback.

Changed a Few Portfolio Positions

Sold 400 AIR @ 29.82 - Play not working as anticipated with no other known near term catalyst.
Sold 1000 CRNT@16.90 - Bit of profit taking on big move.
Sold 1000 CWTR@11.75 - Play not working as expected, other names look more attractive.
Bought 2500 LLNW@ 8.84 - Bottom player

Ceragon Networks Ltd. Announces FibeAir® IP-MAX2

This morning Ceragon Networks (NASDAQ: CRNT) anounced a new powerful and advanced wireless Ethernet platform, FibeAir® IP-MAX2. This platform boasts comprehensive networking capabilities, the highest capacity on the market - and the first to truly offer full-range dynamic adaptive modulation. The FibeAir IP-MAX2 capabilities increase a service provider's revenue, ensure network reliability by maintaining business continuity and guarantee full network customer coverage. Click here to read full press release.

Ceragon Networks Ltd. Announces Russian Contract

Summa Telecom, a Russian telecom operator is deploying Ceragon's (NASDAQ: CRNT) leading edge wireless IP solutions as part of its new WiMAX network in Russia. While this contract is not very significant revenue wise (1.6 Million), it does remind people that Ceragon has a business model that is perfect during the current global expansion of wireless networks. It also shows their global reach and potential for a deal at any time. To read the full news article, CLICK HERE.

Added Ceragon Networks to the Portfolio

BOUGHT Ceragon Networks (NASDAQ:CRNT) . 2000 shares@$15.43 were added to the model portfolio today. Alerts have been given to subscribers and details were made available in our weekly newsletter to members [subscribe] .

Going ALL CASH in the Portfolio today

This market has had an EXTREME sharp move off recent lows and I think it is the responsible thing to do here to book gains and let some of these come back to a better re-entry level.

Sold 500 CRNT@ 17.73
Sold 1000 WMGI@26.66
Sold 1000 SVR@14.73
Sold 700 SXE@21.93
Sold 500 ELP@15.99
Sold 1000 RADS@15.8
Sold 2000 FTWR@ 3.91
Sold 850 INWK@14.10

3 new stocks added to the stock portfolio this past week

Ceragon Networks Ltd. (NASDAQ: CRNT) 2000@13.57 , Wright Medical Group Inc. (NASDAQ: WMGI) 1000@24.90, and Synivers Hlgs Inc. (NYSE:SVR) 1000@14.85were added to the model portfolio on 8/1/2007. Alerts have been given to subscribers and details were made available in our weekly newsletter to members [subscribe] and will be made available to the public in the archives section on Wednesday, August 8th.