Call it a tale of two techs; Apple traded at all-time high on Tuesday; its highest levels since its IPO in December 1980.
Meanwhile, rival Research in Motion suffered a double downgrade on the same day.
Gleacher cut RIM to "Neutral" from "Buy", saying the stock has hit fair value and would struggled due to more competition ahead.
Meanwhile, CLSA cut RIM shares to "Underperform" from "Buy", saying there's limited upside on the back of RIM's sharp rally since September 1st.
Should you ride the momentum or buy the laggard and sell the leader?
Apple is the big dog, says Anthony Scaramucci. And I don’t think RIM has seen it’s worst day but longer term I also think RIM has better days to come.
If you’re looking at RIM, I’m inclined to think that its trading on the upper end of its range, says Guy Adami.
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Trader disclosure: On December 7th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour Owns (AAPL), (BAC), (BX), (CSCO), (GE); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Terranova Owns (C), (GS), (NKE), (OXY), (PEP), (PFE), (VRTS), (UPL)
For Anthony Scaramucci
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For Peter Boockvar
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