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DMCstrategies
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Derek M Cameron is an individual investor based in British Columbia on the west coast of Canada. Derek enjoys the mental challenge of investing and, although just starting out in the investing world, he would like to use investing as a tool to gain financial independence.
  • Sell RIMM Now And Buy AAPL. 0 comments
    Jan 21, 2013 10:13 AM | about stocks: BBRY, AAPL

    It's crazy, everyone in suddenly a diehard RIMM bull. It would seem to me that these are the same diehard AAPL bulls of just three months ago. You know, three months ago right as AAPL was reaching its new all time highs, and peak. Three months ago when RIM was hated with a passion by all. It just seems that the irrational exuberance in the RIM story is getting out of hand. All the sudden people who have never even tested a BB10 device are claiming that it blows iOS out of the water. This getting crazy people. Now I do like the RIM story and I do like the looks and specs of the new Blackberry Z10 phone, but I think this is a little too much, too fast.

    I would sell RIMM now and buy AAPL. I think AAPL has a good chance of beating consensus on Jan. 23/13. Now I also think RIMM will crater on the Jan. 30/13 launch of BB10, as traders 'sell the news'. This would then present a great opportunity to sell AAPL and get back into RIMM.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in RIMM, AAPL over the next 72 hours.

    Stocks: BBRY, AAPL
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