We've divided up our stock picks, Graham is a big believer is beer, he keeps on talking about the Superbowl and how that will drive up the stock price and we'll make big dollars. So far this has not happened but I guess we will give him the benefit of the doubt.
Kim has decided to buy Lulu Lemon, I like Lulu Lemon. I think they are also a pretty solid/safe investment. As our blog name suggests we're pretty elementary here, I think our motto will be to keep it simple and safe or at least we will try to.
I bought RBC I figure it'll be safe - call it boring and it is but it shold at least not lose us any money! I am going to buy us some RIM, there was a good article not too long ago in the Globe and Mail concerning RIM and technology in general, I will paste it below.
Top hedge fund manager turns to tech micro-caps
SHIRLEY WON — INVESTMENT FUNDS REPORTER
Canada’s best performing hedge fund manager of the past year has generated triple-digit gains from surging resource stocks, but now expects market leadership to switch to technology wallflowers.
“There will be a pullback in resources this year,” predicted Steven Palmer, the president of Toronto-based AlphaNorth Asset Management Inc. “By the end of this year, resource stocks will be flat to modestly higher, but returns won’t be as good as we experienced in 2010.”
In contrast, large-cap technology stocks such as Research In Motion Ltd. (RIM-T61.45-0.27-0.44%) are looking attractive as they “have been beating earnings estimates, trade at cheap prices, have tons of cash on their balance sheet and have been buying back stock,” said Mr. Palmer, who runs the $65-million AlphaNorth Partners hedge fund, which garnered a stellar 114-per-cent return in 2010.
The Article goes on to talk about how Technology will go up and resources will go down - in general. So as a result of this we have decided to buy some RIM! I am happy about this because I think it is a pretty safe industry to invest in and it is a Canadian company - yay!
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