Seeking Alpha " FACEBOOK IS THE NEW APPLE" (( LINKED ))
Seeking Alpha 1/14/ 13 By: Bespoke Investment Group
Is Apple The Old Facebook And Facebook The New Apple?
January 14, 2013 | 3 comments | includes: AAPL, FB
Oh how the tides have shifted in Tech waters since the start of the fourth quarter. Apple (AAPL) was once the most beloved stock on Wall Street (and probably the world), but it has been the most loathed since the start of the fourth quarter last year. At the same time, Facebook (FB) was likely the most loathed stock on Wall Street following its disastrous IPO last year, but it has been one of the most loved since the start of the fourth quarter.
I think you are seeing a lot of Apple money profit going into FB. People are selling apple. I would think that Appl has at least another 60 points to fall before people will resonsider it. But, FB is on the ground floor.