Says may sell off on mediocre numbers but might start rising after a few days. Says RIMM is better investment but best to wait for pullback. Says both stocks are "cant sleep at night" stocks. He added that even if AAPL shoots the lights out that RIMM is better investment
What I don't get is why the hell people are so negative on AAPL? GOOG missed the top line and beat the bottom line and went up more than 6%. Why the hell people saying that AAPL has to beat both the top and bottom lines soundly and with good guidance for the stock to may be go up... I just don't get it - why AAPL has different standard? Now they're even saying that AAPL will sell off doesn't matter what... I still don't get it...
I'm long on Apple but I agree on a few points:
1. Both stocks are "can't sleep at night" stocks mostly because they're tech stocks. That's just the nature of the beast, I suppose.
2. RIM could be very compelling IF BB10 is a success. With a market cap of under 10B, there's plenty of room for expansion. However, if BB10 is a flop, RIM might be finished. This is their last stand.
Where I disagree is that Apple is not a shot in the dark. They're extremely strong on the balance sheet and are still growing , especially within enterprise and education. China Mobile is on the horizon soon (Maybe today with earnings), and the iPad mini has just increased Apple's halo substantially. I'd venture to guess that 30% of iPad mini owners are first time Apple buyers. And you know what happens next, right? Macbook, ipod, iphone,etc... You get the picture.
Sentiment: Strong Buy