You Ask, Fitzpatrick Answers: Gold, Apple, DryShips

Updated from Mar. 3

Throughout the trading week on Stockpickr Answers, investing professionals answer questions posed by members of the Stockpickr community.

Tuesday, Dan Fitzpatrick (RealMoney) responded to a round of timely questions.

Here are a few of those questions and Fitzpatrick's answers.

Still recommend scaling into gold on decline?

Fitzpatrick: Nope. My take on buying gold on a decline is that you've first got so see some buying. Such buying needs to push the stock (e.g., the SPDR Gold Trust (GLD Quote)) higher, thus defining the maximum strength of the selling. To read more, visit Stockpickr.com.

Apple's (AAPL Quote) slip-sliding on its new [product] line-up. Is the relative weakness providing a good entry?

Fitzpatrick: I was actually looking at Apple this morning [Mar. 3]. If the February low holds up for a while longer, then I'd feel better about Apple. To read more, visit Stockpickr.com.

Tuesday, shares of Apple closed at $88.37 (up 0.49%). Wednesday, shares of Apple closed at $91.17 (up 3.17%).

Any opinion on DryShips (DRYS Quote)?

Fitzpatrick: Look at the relationship with the 200-day moving average. It is maximum oversold and ripe for a rally. To read more, visit Stockpickr.com.

Tuesday, shares of DryShips closed at $2.79 (down 6.69%). Wednesday, shares of DryShips closed at $3.90 (up 39.78%).

Who's scheduled to be on Stockpickr Answers next?

Thursday, Mar. 5: David MacDougall

Friday, Mar. 6: David Peltier

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