Danny Devito's  Instablog

However, as anticipated, I'm starting to buy what is cheap, and my first buy of a quality and big cap is RIMM. The second, a small cap is GU, that you choose to discard if you don't like small caps, because your portfolio "too big".

I'm waiting also GRMN on the support area of 24.50. Will be my second buy, however I see rebound it today. It will take days or weeks may be to approach my desired area.

However I'm confident, that those level are expensive and I will wait may be the spring 2010 for the right retreacment everybody is waiting.

Also UNG is interesting for me, but I suffered too much to trade it in 2009, so I prefer to stay at the window in this case too, I will sell some put only if I will see high volatility because the puts are trading too low. (Nice the VIX at 90 uh?).

I developped today my INDEX of TOP 24 stocks I selected in the US TOP 630 stocks (Nasdaq 100, Dow 30 and Sp500).
 

I will post in the next blog in few minutes.