George Kesarios'  Instablog

George Kesarios
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have been a professional investor for over 20 years and during the past several years an economics analyst and financial writer for, the biggest economic news portal in Greece. For the most part I only look at stocks that have the possibility to double over a twelve month period and... More
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Acropol Publications LLC
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  • 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 (206) | 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 (798) | 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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