NEW YORK ( TheStreet) -- Maybe it's Christmas. Maybe it's the approach of the New Year, and the fear deep inside every money manager's gut that they're about to be evaluated for this year's calls and found wanting.
But every December, it seems we get stock touts going on the TV and pushing losers, calling them winners, and dragging gullible investors into going along, until the bottom drops out like a New Year's hangover.
This year's sucker bets are Facebook (FB - Get Report) and Research in Motion (RIMM). Since November 13 Facebook is up by about a third, to $24 per share. RIMM -- the Blackberry people -- hit a bottom near $6.50/share back in late September and it has since risen to over $11, a gain of nearly 75%.
I call these sucker bets because a lot of people have lost money in FB and RIMM during the year, and because it's mostly hope that has these stocks rising. In the case of Facebook, that hope is a mobile strategy heavy on ads. In the case of RIMM it's Blackberry 10, a new mobile platform based, like Google's Android, on Unix.Facebook's rally is especially suspicious, since it started with the expiration of lock-ups on shares held by insiders,