Apple of BB Which stock to buy?
Any suggestions and why?
Just buy both if you're that interested and conflicted. Both are pricing in lots of growth, so it's hard to confidently say either can or can't meet expectations.
I've been in and out this year. It's really a trader's market this year.
As they say volatility is great for traders.
Just remember to keep your stops tight.
I think we are in for a bumpy ride yet.
As a user of both I think they both have plenty of upside
Weisel just put a $210 price target on AAPL. Seems a bit aggressive to me. I don't know if the business is strong enough to justify that price target right now, considering that the economy is still kind of rough. Unemployment may have stabilized (or maybe not), but it's definitely not started to recover yet.
IMHO, the risk/reward favors RIMM more right now, especially after the ~25% correction in RIMM's shares in the last couple of days. They have yet to reap the benefits of the new BlackBerry models in the pipeline like the Storm 2 and 9700, as well as the lower-end 85xx.
On my charts AAPL looks a little toppy on a simple historical basis while RIMM looks to have more upside, at least in the short term.
I would speak to your financial adviser about that question.
Definitely Blackberry..I mean even the president has his own BES..More government agencies are using blackberry and it's the number one choice by the public. Not to mention RIM was in Forbes 500 as the number 5 company up and rising I believe...Try taking an I phone to Apple or wherever they go and tell em you want to hook it up on an enterprise server lol.
If, one year ago, you had bought equal amounts of Apple and RIMM stock, Apple FAR out earned RIMM stock.
Apple markets better to the masses and Wall St. better.
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.
The rumor today was that Microsoft may be interested in buying RIMM. That rumor keeps popping up once in a while. Looks like we're back to wild rumors moving stocks.
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