Quote:
Originally Posted by azndude69
wow, bang on so far.
now, is the expected shietty results for RIM and great results for Google earnings already priced in yet? or is there still room for depreciation/appreciation in the stock prices.
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The Valuation Analysis for Google is $793. But with the push that QE3 made, I'm bullish with Google up until before the November Elections. The technicals show an upward channel for Goog. The Fibonacci Retracement starting on 673 on August 13 to last Friday's close is damn near perfect. You can see the former resistance lines on 720 and 711 on Google. For a long term play though, I would wait for a dip before the end of the year (when Big Money needs to cash out to show that they earned $$$ for their funds). As I hinted in my previous post, I'm playing the earnings on this one with a short term bullish play. Reason: Positive Technical Indicators & Fundamentals. My exit strategy for my options is that if it reaches 745~750 range - I'm out.
Rimm is showing a descending triangle pattern from 8.94 to the support level @ 6.46. Rimm already indicated that a few months back to brace a rough couple of quarters. You cannot even make a valuation for rimm based on the quarterly earnings patterns it has. I believe it has some room to go down even more. Once it breaks through ~5 percent below the 6.46 level, expect the price to go down around $2.48 below $6.46 level . (8.94 - 6.46 = 2.48). Reason for me to get into my bearish play: Terrible Fundamentals and Technical indicators are on a downturn.
