Investors & Friends:

Here's a summary of our investment actions from the past week.

Option Strategies - Covered Calls

1) Clean Energy Fuels Corp (Nasdaq: CLNE) - We sold Mar $12.50 calls for $1.80.

Option Strategies - Naked Puts

2) Citigroup Inc (NYSE: C) - We closed our Sep puts. Our position gained 465%.

Return calculation = (($1.13 premium from selling puts - $0.20 cost of closing position) / $0.20 cost of closing position) x 100%

The Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending 8-28 is attached. We enhanced the report by adding two new pages: Executive Summary page and Crash Confidence Index page. We also added to the list of Internet resources and recommended books to read.

Lead Fund Manager
Investrio

Etcetera

For the past few days, Citigroup (which taxpayers now own a third of), mortgage giants Fannie Mae and Freddie Mac (which were placed under government conservatorship last September) and Bank of America (which has needed $45 billion in bailout funds) have been far and away the most actively traded stocks on the New York Stock Exchange...

Earlier this year, a Warren Buffett-backed electric car made its Detroit debut... here's a blog I stumbled across on the BYD Electric Car Company...

Is this HAL in the making?
Which stock should I buy?

I generally frown on investing in mutual funds, but here's two funds outperforming their peers, worth a look...
Here's a CNBC video interview with one of the four co-portfolio managers...

Bankrupt Linens 'n Things resurrected in Web-only form...