I am restarting Research in Motion (RIMM) with a 1.9% stake; amazingly after this huge run it only trades at 18x forward earnings, or about half the multiple of the much of the junk that has been run up in this market the past 4-5 weeks.
The charts of the big 3 - Google (GOOG), Apple (AAPL) and RIMM are all somewhat similar - and they pretty much trade together in this ETF / program trading dominated era. I threw a dart and picked the cheapest that pulled back to support. If these 3 are not supported by the powers that be, you can kiss NASDAQ goodbye... if I see all 3 start breaking support I'll have a good sign to begin acting rationale again.
I am now nearing 50% long exposure for the first time since... since... well I can't remember - maybe last summer. It feels so wrong... but I guess this is the only way to partake in markets that jump 2% up every 3rd day. The handy How to be a CNBC Pundit handbook I just received in the mail also says buying here is the correct course of action...
Don't hate the handbook, hate the game.
p.s. nice move in silver of late... hmm....
p.s.s. I have a compulsion to buy coal and natural gas here... why oh why.
p.s.s.s. kicking self in head for no short on las vegas casinos yesterday; recency bias snared me - painful memories of egregious losses.