Paired Trades closed and RIMM, RIMM, RIMM is on fire

It is looking to be an interesting year if the first week of trading is an indication.

A few weeks ago I mentioned that the traders and fast money had taken over Apple. Now it’s the whole market.

We have been due for some volatility. That’s good for traders and time to do less for 99 percent of investors.

That includes me. I have too much noise in my business life to even try to trade. I will write about it but will not likely pull the trigger. I wrote about an oil trade coming but after spending a little time and getting some feedback, I forgot how much hard work is involved and you can’t take trading likely.

Three things stand out so far:

1. The Russian market has not opened yet for the year and yet the Templeton Russia Fund (TRF) down 20 percent this year (note – Steven and I are short TRF in the paired trades contest – sweeeeet). WTF!

2. Commodities are being schmeissed – it does not matter why – they just are!

3. RIMM is truly magnificent. This is not 1999/2000 yet this company and stock have partied like it’s 1999. Congratulations and another HUGE Mea Culpa for me as I sold 10 points ago. I will likely buy a few shares on Monday as it took out it’s all-time high. I “Cliff Clavind” it on this blog by getting off this price trend. The competitors are just not close or dare I say relevant in this space.

Have a great weekend.