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Old 11-07-2009, 11:44 AM   #9
rambo47
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This question is worth revisiting, especially with the moves in the common shares of both AAPL and RIMM.

Apple just recently reported a boffo quarter, with iPhone sales blowing the roof off all estimates. The stock had a dramatic move upwards, then retreated from levels best characterized by "irrational exuberance".

RIM's stock retreated after numbers disappointed for their last quarter. I think some pre-earnings hype had moved the stock up prematurely, so the sell-off was more dramatic then it would have been without the hype.

Strictly on a technical analysis basis, RIMM should fill two gaps by trading down to $50. It finds some technical support at $45, where IMHO it's a screaming buy. It may never get there, but if it does it may be time to at least pick up some call options.

Apple's stock filled the most recent chart gap and looks to be on a long and steady climb. Again, technically speaking, this stock should climb back to the old high of $202 or so, and maybe move even higher.

This is all technical analysis only, guess work, assumptions, and rampant speculation on my part. It's based on the assumption that "all things stay as they are", which never happens in the real world.

Last edited by rambo47; 11-07-2009 at 11:46 AM..
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