A Look at RIMM

Research In Motion Limited (USA) [[RIMM]] bounced perfectly from it’s July lows, to the penny. I like it here with a stop right below 101.80. That’s 4 down, 30 up– a nice risk/reward. I’m waiting to see to see how today’s tape plays out before taking a position, it’s one to watch.

I’m considering putting a good bit of capital behind Google Inc. [[GOOG]] at this level. What are your thoughts?

Note: Longer term position, not a trade.

Marvell Technology Group Ltd. [[MRVL]]

That was a common theme for many this past weekend as Gustav headed for the Gulf coast. It was amazing to see the amount of people who evacuated. Gas was definatly a rare commodity and still is in some parts of Baton Rouge. The whole city is still without power.

I feel like I’m seeing the same thing in the market place, no power — what I mean is no leadership. Everything is getting shot.

Just when I thought Apple Inc. [[AAPL]] was safe by the 200 MA, it was shot. If AAPL can’t move with all the recent upgrades and news pending on new ipods, what can? Wal-Mart Stores, Inc. [[WMT]] ? Please…

As of right now, Valero Energy Corporation [[VLO]] is my largest position and I’m sticking with it. As for National-Oilwell Varco, Inc. [[NOV]] , I took a nice beating and was stopped out Tuesday morning, I’m actually considering buying it back down here.

But, for now I will do nothing. We have an evacuation of the market, and the buyers are out of gas.

Drive Safely.

Apple Inc. [[AAPL]]