I Can't Believe I Love This Stock Right Now - AAPL, MSFT, NOK, MSI or RIMM?
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Since we've got Thanksgiving the day after tomorrow, we've identified an idea we can't wait any longer to get out there. We're going to give you a stock today that may surprise a lot of readers. This particular idea is not only looking very attractive based on what they've potentially got going operationally, the stock's chart recently confirmed one of the strongest reversal signals a chart can possibly give you.
We mentioned recently Microsoft (MSFT) may be a good long-term conservative investment with excellent risk/reward propositions. I honestly never thought I would say that. The premise for today's idea is similar in nature. We've talked about the fact we're seeing a divergence among technology stocks lately with darling big caps like Apple (AAPL) falling from grace. One could make the argument stocks like Apple have just been subject to the recent pullback for no apparent reason other than they ran too much too fast in the face of economic concerns and cloudy earnings visibility. However, when you start to take a closer look at the landscape of the consumer technology space, there's an awful lot of shifting going on that is starting to make some real sense.
There was a time not all that long ago when nobody ever thought Apple could become subject to fierce competition, then again, there was also a different time period when stocks like Nokia (NOK), Motorola (MSI) and Microsoft could do no wrong either. And by the way, technology can be a very cyclical space, since it's always about what have you done for me lately? Well, Research in Motion (RIMM) appears to be making a return that they believe is going to give Apple a serious run for their money, and their growth.