Cheap Stocks

We focus on undervalued small-cap stocks. Usually with a large cash cushion. We have developed a valuation formula that has been highly successful, especially on small tech stocks. Since 2006, we have closed out 49 stock positions with an average gain of 37%. 9 stocks have been taken over.

Saturday, January 03, 2009

Cheap Stocks, 1/2/2009 Update

Short stub-week, so short update. Markets were all up on Friday in this holiday shortened week--on low volume. The DOW was up 2.9%, NASDAQ was up 3.5% and the S&P500was up 3.1%.

We managed to hang in there with a 3.4% gain for the day of 2009.

While the black cloud of ICE etc. still hangs over SPNC, we are adding another $10,000 here ($2.72). The price seems too compelling--but there is still high risk here if the investigation turns up some bad things. The new average buy price will be--$5.68.


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