MaverickTrader Stock Picks Senior Editor, Dewey Burchett, has published his ratings on key stocks for the next 5 trading days. In his report, Burchett says that Apple's shares will likely move lower over the next week, based on "fundamental, technical and news-related items."
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I have only admiration for such a far-seeing stock analyst. Most analysts are content to predict stock movements of a few hours, or maybe a day, but this distinguished seer purports to be able to see an incredible 5 days into the future! Wow. I am simply awestruck.
But, then again, my two-year old daughter could make the same prediction and it would probably turn out true. Remember, "buy on rumor, sell on fact" is a Wall Street mantra (though in Apple's case, the mantra appears to be more like "sell on anything, they're dying").
Apple is one of the strongest, best managed companies in the tech industry, and is, in fact, the computer industries best chance for a hero (creating new markets with innovation). It just can't get no respect from the Market.
Is it just me, or does that guy's splash page look like it was designed by an ex-p*** site designer? Not something that inspires great confidence or credibility.
Not that I'd know what p*** sites look like, of course. Harumph.
Translation Dewey's report: "I just sold my Apple stock and want AAPL to go down for the next week so I can buy it back at a lower price."
The FTC should require reports like this to be accompanied by a list of the reporter's recent stock trades.
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Joined: Apr 2001
this guy must be psychic
This guy must know what Apple's surprise is. NOT! I wouldn't listen to guy. This thing (if profound) should bump Apple over 20.