Here’s a preview of what I’ll be discussing on Talking Numbers today between 3:20 and 3:30 pm EST on CNBC:
I debated the merits of these 2 stocks 6 weeks ago on the same segment. At the time, I preferred AAPL over BBRY, with my full thoughts posted. Since then, both stocks are down a bit more than 5%, significantly underperforming the broader market.
I’ve been looking for a good bounce setup in AAPL ever since its post-earnings collapse to 435. I put on one long call spread trade that I quickly took off when AAPL failed to show much strength, and have been on the sidelines ever since. But I still think the longer-term picture for AAPL shows a stock in the process of forming a bottom.
This is a 3 year daily chart of AAPL: