Investors & Friends:

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

Long Stocks

1) We sold Bristol-Myers Squibb Co (NYSE: BMY) on 1/13 @ $24.70 for a 17.8% gain.

Return calculation = ($24.70 sale price - $20.97 cost basis) / $20.97 cost basis x 100% = 17.8%

Option Strategies - Naked Puts

1) AT&T Inc (NYSE: T) - Our January puts, that we sold, expired.

2) Moody's Corp (NYSE: MCO) - Our January puts, that we sold, expired.

3) United States Steel Corporation (NYSE: X) - Our January puts, that we sold, expired.

The Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending January 15, 2010, is attached. We added two new Internet resources on p. 25 - an earnings calendar resource and an IPOs calendar resource.

Upcoming earnings calendar for our portfolio holdings

1/22 - General Electric Co (NYSE: GE)

Upcoming IPOs - Week of 1/18

China Hydroelectric* / CHC $15 - $17
Andatee China Marine Fuel / AMCF $6 - $8
Cellu Tissue Holdings / CLU $15 - $17
Symetra Financial / SYA $12 - $14
Terreno Realty Corp. / TRNO $20 - $20

*China Hydroelectric - Offering 3.1 million units, with each unit consisting of one ADS (worth three ordinary shares) and one warrant entitling the holder to purchase three ordinary shares for $15.

Lead Fund Manager
Investrio