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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
My company:
Acropol Publications LLC
My blog:
  • Apple Technical Picture – Buy 2 comments
    Jan 1, 2013 5:21 AM | about stocks: AAPL

    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)

    Stocks: AAPL
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  • pharmitnow
    , contributor
    Comments (152) | Send Message
    George, what do you see as driver for AAPL to go up?
    2 Jan 2013, 12:56 PM Reply Like
  • George Kesarios
    , contributor
    Comments (792) | Send Message
    Author’s reply » Valuation and nothing else. Like I have said, this is not a buy and hold stock but a swing trade stock.
    2 Jan 2013, 12:58 PM Reply Like
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