Iofina (IOF) Iodine producers

Things started quite well this morning and the sp went to 24.5p then I noticed a slight reversal so I sold at 23.35p. Total profit £44 but not bad for 1 day and better than in the bank. Obviously it may move north later but again no such thing as a bad profit! I now have a limit buy for today on Tristar Resources TSTR for 0.99p. Whether I get it remains to be seen as the sp is above 1p but nothing ventured nothing gained!

The markets seem to have recovered a lttle today, nothing fantastic but not as much red about today.I am still waiting for news on a few shares but must remain patient.

I think that I did the right thing in selling IOF this morning as it has now dropped to 21.5p!

Iofina (IOF) Iodine producers

With the global meltdown of the markets since the terrible events in Japan, there is growing interest in Iofina, explorers and producers of iodine and natural gas. In the event of increasing nuclear fallout threat the demand for iodine will increase and so too will the importance of this company. I bought 5000 shares at 22p today and I would like to see the sp move north over the coming days.

This is shaping up to be as bad a crisis financially as the Lehmann Bros induced crisis of 2008 and today I have seen many of my shares move further and further into the red as people become more and more risk averse. If you have cash at the moment it would be a good time to pick up some cheap shares for when the market recovers.