Energy continues to rise SWN, RIG, FSLR – Tech still losers.
So on my short call plays energy stocks SWN, RIG, and FSLR would have continued to increase in option price, but tech RIMM and AAPL continue to fall with charts. RIMM charts actually looked like it was going to spike higher, but I’m pretty sure right now AAPL is influencing on its stock. I think RIMM will take off the quickest once its out of AAPL’s shadow, yeah you heard that right. They follow each other so I wouldn’t be surprised once it wins investors over again to move much quicker past its 52 week highs with a PEG of .82
GOOG yesterday created a fat big while engulfing candle going from $400 to the $430s a big swing showing its strong and no negative news is going to shut down its optimistic growth idea thinking. it’s advertising will keep being a money machine. I wouldn’t be surprised to see GOOG swing back up past the $450’s into the $500’s again this fall as the tide increases.
We are definitely at a low low tide. So the best stocks should start to show some sunshine soon..
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This entry was posted on September 13, 2008 by Paul Awol. It was filed under trading stock options and was tagged with aapl, analyst opinion top picks, energy winners, fslr, goog, rig, rimm, swn, tech losers, trading stock options.