Trade Ideas: PHY

There was moderate breadth in the market; selecting 8 different stocks from the Trade Ideas scan would have taken 20 minutes. One to watch is PHY. The fund found some footing after its last pullback from resistance. Good support between rising trendline support and $3.20. Volume rising on price rises and declining on downward moves.

Prospect Street High Income Portfolio, Inc. (the Fund) is registered with the Securities and Exchange Commission as a diversified, closed-end, management investment company under the Investment Company Act of 1940. The Fund commenced operations on December 5, 1988. The Fund invests primarily in securities of fixed-maturity, corporate debt securities and redeemable preferred stocks that are rated less than investment grade. The total return on the Fund's per share market price, assuming reinvestment of dividends, for the six months ended April 30, 2005, including any potential returns of capital, was 14.73%. The total return on the Fund's net assets, including any potential returns of capital, was 17.97% for the six months ended April 30, 2005.





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