Buying RetailMeNot

The naysayers and the bears were out in full force this morning for sure. If the market finishes in the green today, I'll think we will have to watch the windows for falling bears, which is a big change from earlier this morning where the media make it sound like the bulls were ready to take the plunge. It's just that kind of market. Contrary to popular belief though, volatility is not back yet. We've just spent so many days now without a 1% move that any move close to 1% feels huge.

Contrary to probably everyone you follow on Twitter (TWTR), I did not catch the very bottom today. In fact, the only buy I made today was on RetailMeNot (SALE). I picked up shares of this one based on the bounce pattern in the chart....273 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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