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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