Friday, January 7, 2011

AAPL, VZ popping

News that Verizon will unveil something on Tuesday has both stocks on the move. AAPL closed up 2.39 to 336.12, but since the news has moved to 338.00 afterhours.

Verizon is not a cheap bill to receive, but I use the wireless service. That glitch last month was both shocking and disgusting, but overall, the service is solid. In this scenario, I'd still rather trade AAPL even at this lofty level. Verizon could pull a 'Gotcha!' on Tuesday and pull the rug out, then there'd be a lot of bagholders.

I'd rather hold a few shares of AAPL in that instance. I hemmed and hawed at 334 and 335. Not going in at 338. I still think AAPL goes to 352 sometime before or during earnings (January 18) before pulling back. I just want my shares cheaper.

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