“Technology stocks in this sector are constantly evolving and innovating, and market sentiment will also shift among the stocks,” says Cekerevac. “One has to be careful not to jump into technology stocks for the wrong reasons.”
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New York, NY (PRWEB) September 19, 2012
Sasha Cekerevac, contributor to Profit Confidential and financial expert, believes that the recent ruling in the patent lawsuit in favor of Apple against Samsung Electronics is seen by some as a big blow to Samsung. According to Cekerevac, while some investors might consider buying Apple based solely off this decision, he argues that things are far more complicated than they appear.
“Technology stocks in this sector are constantly evolving and innovating, and market sentiment will also shift among the stocks,” says Cekerevac. “One has to be careful not to jump into technology stocks for the wrong reasons”
In the article “Is Apple a Buy Right Now?,” Cekerevac does report that Apple is a clear beneficiary among the technology stocks in the mobile phone sector.
“Market sentiment is, of course, extremely bullish of Apple,” notes Cekerevac. “This makes entering a new position at these lofty levels quite dangerous.”
Cekerevac points out that it’s best to look for more opportunistic entry points, not when the market sentiment is so frothy.
“I would wait for a pullback and a more attractive entry option in Apple,” says Cekerevac. “The Relative Strength Index (RSI) is near its highs, and that has traditionally meant that market sentiment is close to peaking over the short term.”
As far as Samsung, Cekerevac also highlights that this patent ruling was for older handsets of Samsung.
“It does not include the best-selling ‘Galaxy SIII,’” says Cekerevac. “Older models have a huge fall-off in sales anyway, so the real hit is far less than the market is indicating.”
Cekerevac also notes that Samsung will adjust future products accordingly.
Offering his expert opinion, Cekerevac says, “With September being one of the worst trading months of the year, I would be cautious about accumulating too many stocks right now. Try to be opportunistic.”
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