AAPL reported 4th quarter earnings this afternoon. Results came in shy of expectations. Chart below.
Bottom Line: AAPL is down -15% 2013 year to date, while NOK is up +17% year to date. There has been a shift in investor sentiment regarding these two stocks. Both stocks still have significant downside (AAPL), and upside (NOK) according to their respective charts. Thank you for reading.
AAPL is selling off after hours to the tune of -10%. We originally mentioned shorting AAPL at around $538.00 per share. The long term play (shorting AAPL) should be held until $315.00 per share which is where the trend reversal pattern price point is displayed.
Nokia, unlike AAPL is trending higher, and will reveal 4th quarter earnings tomorrow. More importantly the company will reveal sales for the Lumia 920 and give some guidance. We originally started buying NOK here Nokia Technical Pattern, at around $2.60 per share and have used options along the way also.
Bottom Line: AAPL is down -15% 2013 year to date, while NOK is up +17% year to date. There has been a shift in investor sentiment regarding these two stocks. Both stocks still have significant downside (AAPL), and upside (NOK) according to their respective charts. Thank you for reading.
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