Bad Luck for Apple Inc. (AAPL), Good Luck for Research In Motion Limited (RIMM) or is it Vice Versa?

On the other hand, Research In Motion Limited (USA) (NASDAQ:RIMM) (TSE:RIM) (with a market Cap of $8.3 billion) currently has a P/E of -9.5 and a return on equity of -9.9. Investors who are buying long into the stock’s current run are clearly placing their dollars on the promise of the BlackBerry 10, and not much more.

Foolish Bottom Line

When you take into account the current trend for these stocks, it seems that their movement is based more on sand than stone. In each case, the stocks are moving contrary to their fundamentals, telling me each trend will soon pass. I mean, ponder it for just a moment: Do you think Apple is really going to remain “doomed,” or that BlackBerry is really going to “Storm“ (pun intended) the smartphone market and outpace anything other than the Windows phone in the next quarter?

Investors who take their long cues in these stocks based solely on the trend data from the last three months really must feel lucky.

The article Bad Luck for Apple, Good Luck for Research in Motion or is it Vice Versa? originally appeared on Fool.com.

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