Today, after another 725.000 people lose their jobs in North America, obviously a very positive development in new economics, the market is on wheels. RIM, POT and all the usual high beta stocks are participating in the euphoria. RIM has the additional little boost from the option back-dating saga coming to a close with just a few hundred million dollars changing hands, (what ever happened to the good old days – 1820-ties -when children were sent to the gallows for stealing bread in order to feed their families?).
As stated earlier I would be out of this one even if the target has not quite been met. It does have a little more room, probable around $77.
