RIMM slide
I have blogged about my RIMM ownership in the past so there must have been some concerns over today's $19 drop. Fortunately I sold on Wed near the all-time high, a few minutes before the close :) I still believe in RIMM (and AAPL and NOK) and smartphones in general. I just saw there were really high expectations for 2nd half of 2008, and with limited upside potential. Asymmetric risk-reward profile as these suits like to say.
Having said that, I don't know what to do with the cash. The US market seems to be re-testing the lows. Any buy suggestions?
posted by Junk Bonds @ 6/26/2008 07:03:00 PM
3 Comments:
Cash is king in deflation. Despite the lip service Bernanke is giving about inflation I think he's shitting his pants as credit continues to drain out of the U.S. financial system. I think this inflation worry is a bit overblown.
I haven't got a clue where to put new money now! This doesn't happen often.
I've been adding to my portfolio of oil service companies on pullbacks but there just haven't been many.
The last time oil hit $140 two weeks ago, I shorted it with the Horizon Beta Pro ETF(symbol HOD) which tracks the Nymex crude oil inversely. You have to be on top of this as I considered it only a trade. Oil seemed overbought at that point. I unloaded it in a few days for a quick gain. The momentum of the oil price is scary! I might just short oil again tomorrow if it kicks up at the open. Besides its a good hedge for my oily positions!
Otherwise be patient and wait for your pitch.
http://blogs.wsj.com/deals/2008/06/27/mean-street-the-coming-smartphone-bloodbath/?mod=yahoo_hs
One guy's opinion of the smartphone landscape. I don't agree with all of it, but good to be aware of the issues.
The link you posted above seems to have been chopped off. Please post it again.
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