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Apple, RIM: A Tale Of Two Techs?

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.

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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.



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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
Scaramucci and SkyBridge Capital own (BAC)
Scaramucci and SkyBridge Capital own (C)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
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For Brian Kelly
Accounts Managed By Kanundrum Capital Own (DRYS) calls
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Accounts Managed By Kanundrum Capital Own (GDXJ) calls
Accounts Managed By Kanundrum Capital Own (BG) calls
Accounts Managed By Kanundrum Capital Own (AAPL)
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For Scott Nations
Nations is long (TBT)

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Calamos Investments Mutual Funds Own (ORCL)
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Calamos Investments Owns (ALTR) Calls

For Peter Boockvar
***No Disclosures***


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