Seeking Alpha

George Kesarios'  Instablog

George Kesarios
Send Message
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:
Market-talk
  • 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
Back To George Kesarios' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • pharmitnow
    , contributor
    Comments (79) | 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 (764) | 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
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.