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George Kesarios
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I only look at stocks that have the possibility to double over a twelve month period and stocks in which the risk/reward ratio payout is high. In addition I focus on swing trade opportunities. I focus more on valuations and risk/reward metrics as opposed to what make companies tick. I have been... More
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  • Apple Technical Picture – Buy

    I have told you many times to sell APPL at the $700 mark. I have also told you that this is a swing trade stock and not a buy and hold stock. Lastly, I have also told you many times (see my APLE logic here) that it would be a buy at $500. As such and an a technical note, we now have confirmed technical strength for the stock.

    My hunch is that we will see resistance around $600 when we approach the 200 day moving average. That's about a 15% return from these levels. If and when we reach $600 I will evaluate the technical situation again, but for now, the stock is a buy.

    (click to enlarge)

    Tags: AAPL
    Jan 01 5:21 AM | Link | 2 Comments
  • Pay Close Attention To Apple's 200 Day Moving Average

    Whether you use technical analysis or not is not the point. The 200 day moving average is a very important technical indicator, for it tells us something about the long term prospects.

    Every since Apple (NASDAQ:AAPL) broke above its 200 day average in early 2009, it has traded above ever since, only touching twice before on the border line. This time is the third time.

    For investors wanting to buy the stock, I would wait several days or even weeks, to get a confirmation that the price action stays above the 200 day average, because if it doesn't, more than likely the stock will correct even more.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Nov 06 4:07 AM | Link | Comment!
  • Greek default is in the air
    While the Athens stock Exchange is quite today, the fact that the 10 year bond continues to fall means that the international investment community is finally starting to get the message.



    The message being that, the only way Greece can find its way out of this mess is by restructuring its debt.

    However, as pointed out by Steven Major, global head of fixed income research at HSBC, a haircut is also in the cards:

    “One way to do this is to compare restructurings for emerging market sovereigns. Based on the defaults over the last 12 years the average long-term recovery rate is close to 70 per cent. Ultra-long Greek bonds currently trade at a price below this.”


    Disclosure: none
    Apr 20 9:40 AM | Link | Comment!
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