To me, it just seems like Samsung picked up the scent of an impending iWatch from Apple and tried to beat them to the punch. Well, they beat them alright, but I don't think Samsung will have the last laugh.

Speaking of which, I got a pretty good laugh when Gregory Lee, president of Samsung Communications America, said, "Galaxy Gear combines convenience and technology, and is the first of its kind."

Don't worry, it gets better:

"This is proof and reflection that Samsung is truly, relentlessly innovative in bringing first-to-market products."

Seriously? I get that Samsung was the first large tech company to launch a smart watch. But simply being the first to launch does not make you the pioneer.

If that were the case, I could have slapped my iPod Nano to a rubber band and 'proved' that I was a relentlessly innovative fellow. In fact, I think the Galaxy Gear is so bad, that it actually weighed on shares of Apple in Thursday's trading session, scaring investors of what Apple's might be like.

For shareholders and the company alike, let's all pray that Apple has something way cooler up its sleeve. Literally.

-- Written by Bret Kenwell in Petoskey, Mich. .

At the time of publication the author is long AAPL.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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