Is Apple a Buy at Current Levels? Special Profit Confidential Report From Financial Expert Sasha Cekerevac

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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.

Is Apple a Buy at Current Levels? Special Profit Confidential Report From Financial Expert Sasha Cekerevac

Is Apple a Buy at Current Levels? Special Profit Confidential Report From Financial Expert Sasha Cekerevac

“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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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.”

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market... before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.

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