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Fidelity’s Peter Lynch used to
find his favorite stocks by identifying hot new products at the mall
and on Main Street. I like to find some
of my favorites simply by walking around the halls of my business school.
The Graduate School of Management at UC-Irvine is rated in
the top ten of techno-MBA programs, and one of the reasons we got that way is
because we’ve got a gaggle of computer gurus that constantly keep us on the
cutting edge.
One of the latest innovations that the school is offering
to faculty and staff is Blackberry. Here’s
a couple of blurbs about Blackberry from John Clarke, our computing director:
But in the wake of 9/11, we are moving even more rapidly toward
decentralized and electronic means of communication and commerce, making this an
interesting macroplay. That
would be Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating). RIMM
recently inked a deal with Telecom Italia Group to introduce Blackberry to the
Italian market. Its technicals look very
good, e.g., relative strength is bullish, moving averages nicely stacked, and
its under accumulation. Fundamentally, Investor’s
Business Daily ranks it 10 out of 182 in its sector.
Note the very
long and solid base from September.
This is a position trade.
It’s always wise to scale in with one eye on the stock and the other on
the market trend.
If you have a favorite macroplay you would like me to
feature in this column, send me an e-mail at pnavarro@uci.edu
or go directly to my web site https://www.peternavarro.com.
I’d love to hear from you.