The RIMM of the APPL
Has there been a time I can recall in recent history where I thought I'd find myself with the thought Research In Motion (RIMM) looks like a better long trade right now than Apple (AAPL)?
I've yet to hit Happy Hour, nor took a timeout with some wacky tobacky. I know we've beaten the AAPL name to death, but this stock is doing one heck of a fine job filling out the right shoulder in a textbook fashion. We've probed a breakdown two times now with today being the second. Assuming the stock can hold major support here, then I expect the next probe of downside support around the $650 level will fail. If you want to grab the trading long with a tight stop then this is the time. The issue with AAPL, especially on Fridays, is holding this over the weekend. There is too much gap potential in either direction....363 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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