Should I sell my apple shares and buy rimm?
@rtfm not follow rimm....you know stock destined bankruptcy in everyone's eyes , in 3 short months has registered 100% gain , rising while apple in same time period has lost 30% of peak gain.
question quite valid.
fundamental point of view. rimm getting new life. remains seen how new products received on christmas season...it same apple has not released sales of iphone5 yet , wondering why?
ta point of view there dramatic difference
point , figure chart
apple:
http://stockcharts.com/def/servlet/sc.pn...
apple staring on cliff right now....this not double bottom 1 poster has suggested....though suppose might end way if there dramatic turn of events. looking @ stock hanging on fingernails major support @ $530....the consequences of falling $520 , closing there pretty staggering imho next support $420 $530 presenting rather strong resistance(supports change resistance when pass through them.
rimm
http://stockcharts.com/def/servlet/sc.pn...
rimm on other hand pointed out earlier recovered fall...dramatic fall...new management, new products , still debt free. right shooting resistance of around $14.60 , band $14.40 - $14.80. may slow down bit or reverse price trend....but consequences of passing resistance huge rimm show rimm has recovered , viable company again.
here ichimoku chart both companies (i cannot give other normal sharpcharts due limit of links allowed in message)....an ichimoku chart gives nice visual of stock's performance
apple:
http://stockcharts.com/h-sc/ui?s=aapl&p=...
rather bearish chart... can see price far below red cloud present thick resistance rise in price. there hope of rise edge of red cloud blue line above candlestick higher red line.
@ accum/dist indicator....this bearish , shows selloff rather accumulation of stock. coppock curve chart after brief flirtation 0 point has returned being bearish
rimm:
http://stockcharts.com/h-sc/ui?s=rimm&p=d&yr=0&mn=6&dy=0&id=p16714617158
contrast rimm chart amazing. blue line way above red one. share price miles above green cloud...it clear $12.00 support level (was not clear in p&f chart)
@ accum/dist....it changing direction , becoming bullish , coppock curve continues rise reaching higher values.
conclusion:
both companies rolling dice on christmas sales. apple hoping turn things around while rimm wants bullish run continue.
don't if making profit or not if sell apple shares. in event not easy choice you.
if thinking of buying 1 or other new money, suggest rimm consideration or waiting results announced christmas sales.
if have lost money on apple made gains elsewhere there tax implications consider in cancelling capital gains elsewhere capital losses of apple.
if feel apple return after announcement of christmas sales results hang on.
trouble fundamentals updates every 3 months not easy decision on part. hope presentation helps in regard.
luck
what think?
thanks
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