Thursday, October 6, 2011

Favorite Stocks

I've been a huge buyer of Etrade over the past couple of days and I continue to do so at $8.35/share.  I also still remain extremely positive on Sallie Mae (SLM), which is up another 4.51% today.

And btw, if you took the advice I mentioned yesterday about selling some Yahoo stock you might have bought for a profit while it was up so big, you did a good thing.  Yahoo is trading down 4.6% to $15.18/share when it closed yesterday at $16...I also said that if you sold any stock that you'd bought that you could buy the stock again if it were to trade down (which it obviously is).  I would not start to do this quite yet as there is still a lot of uncertainty who will ultimately buy the company.  If it drops under $15, then I would slowly start to pick up some shares.