Rimm Set for a Crash ?

S2007S


Registered: Aug 2006
Posts: 7275


09-22-08 08:30 PM

AAPL is falling back below $100.

No need to take an investment in it now.

Stay away from AAPL, RIMM, BIDU, GOOG, CSCO, DELL etc....tech in general



With the slowing economy there is no reason to jump into tech, it will be years before the nasdaq gains back most of its losses. Aside from that there is no catalyst to push tech higher. I think the AAPL trade is done with, WAIT and be patient, you will be able to buy

AAPL below $100
RIMM below $70
BIDU below $150
GOOG below $300
CSCO below $18
DELL probably between $10-$12....

SELL tech SELL tech SELL tech.

 

great post. i totally agree.

 

i guess you are spot on?

We need a big final wipeout here and start again.

 

I am fortunate to get out of apple today.. I will never see this price later..

 

Mad respects!

73 now. would it keep getting lower?

I am thinking of shorting it until the end of the day.

 

If the bailout doesnt happen, it will see mid 60

 

Either way at these prices, RIMM is a screaming buy. Technicals or no technicals, 20x PE ratio is decent.

 

Since this thread, RIMM is down 25% and AAPL is up 64%

 

Its gone past all your comments guys..