I take this seriously and my calls are serious in nature. RIMM ripped heads off yesterday, but fortunately I knew that would happen. I can say that RIMM is set for a pull back, but if you have built a position, then you may want to let your winners run. RIMM is turning things around and this is evident from the action on the chart.
In the markets, AAPL just broke out. AMZN and NFLX look soon to follow and quite frankly I’ve been asking, Why are these stocks breaking out? Honestly, I haven’t the faintest clue. I’ve been trying to run thought experiments, but can come to no solid conclusion. The closest thing I have to a theory, runs as follows. The demand for US risk assets has increased in massive proportions, due to the demand from European investors. As European investors not only get capital gains, but also gains on the exchange as the euro crashes.
Stay agile as per the usual. This is a train heading for a brick wall and things will turn ugly, but before they do I might as well enjoy the ride.
