Let me see you move! Apple iWatch available for pre-ordering online 12:01 Pacific Time is going to potentially make investors nervous. Or happy, depending on how this day or weekend goes. Analysts have already come out with reviews, most of them pointing out the “wearability” is not so good if you have to give a more vigorous shake of your hand to get something done. Others are concerned about the battery life. The other day, a rare downgrade from Buy to Hold was given which dragged down the stock price a bit. However, investors shook that off yesterday, possibly in anticipation of the pre-ordering. Besides, if AAPL or the Watch is so bad, why is it inspiring much competition? At the end of the day, this is a new product that is revolutionizing the industry (maybe even later on, the world). I would probably be In and Out when there is volatility, but you could do no great damage holding this stock. If you haven’t got it and the price is volatile, wait it out and get a confirmation on the trend up before buying. By the way, as far as value goes, the PE is still at a very desirable 16.92. If stock moves lower, it get’s to be a bargain-hunter’s delight so it’s probably not going to stay down for long. Observe how the stock moves down, AAPL moves around 2-3 days trend and back up it goes. That’s been my experience for a lot of my trades, bearish positions are losing if not offer little profit compared to the bullish positions in this stock.
