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TODAY VSL

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Agian like Friday, today was VSL's turn to pull the volatity jump up. We could have piked up VSL at $26 to $26.50 and sold at $27.50 to $27.99. Now I. personally don't like same day trades because my real account only allows 3 round trips ( same day buy & sell ) every 7 days or you must be labled a day trader. Check your brokerage account to find your specific rules and regulations on this as it is a very important point to be aware of. If you are allowed round trips great but like I said check it out, there are penalties. If you have not been following my blog I have two stocks I have been buying ang selling the last month or so because I do not trust this market with my money. If you can sneak in and get the market for some profit and get out that is what I will do. My other stock is VIP, both these stocks go up and down at least a dollar a day. almost all the time it happens overnite, today was just one of those days where I used a round trip. Both stocks are solid and have never disappointed.
As far as long term buys I am not comfortable with that yet, I admit i'm a stock junkie but losing money is not my idea of a good time so, I keep liquid to grab profit when I can. Like most I also think we are near the bottom of the market. I wouldn't jump to any conclusions about the rate cuts or any stimulus pakage just yet. I have seen to much good news bring lower stock prices, so just hold on a while, let the markrt go up for 5 to 7 days then a pull back and then maybe go 1/3 in. After seeing the market corrections that have hit lately, its going to take more than here say to get me in. I want to see sloid stock prices for more than 3 or 4 days as we have seen lately.

As for lower priced stocks IO continues to march upward. Throughout the day you could have piced this up between $12.20 and $12.30 It was a very good buy under $12, with a pull back you should still buy at $12.40. Should hit $15.50 to $17 on a run I also doubled my purchase of SIRF today at $16.03, this stock is going to go any day.
I can't wait untill Feb 1 when the contest picks up agian, then we will see some real pros, I am amazed at the stock picks that come to the surface during the competition. If you are new to the stock market keep tuned in and you will get the lessons of your life and make some green too all for free. Thats a buy you can't pass up.