http://www.macnn.com/articles/01/10/24/mavericktrader.sees/
MaverickTrader sees Apple moving lower
updated 09:15 am EDT, Wed October 24, 2001
",
0, 0);
MaverickTrader has issued an investment opinion on Apple's stock, predicting that the company's shares will move lower this week due to last week's earnings report and the "lackluster" iPod announcment. "Based on fundamental, technical, and news-related issues, MaverickTrader.Com believes the next week will find these stocks with price action in accord with their rating," said Senior Editor, Dewey Burchett.
Fresh-Faced Recruit
Joined: Sep 2000
analyst without a clue
here's what maverick trader said about apple's performance LAST week...
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."
...after which, apple shares INCREASED in value by about $2 (roughly 11.5%).
apple's stock prices traditionally rise on anticipation of unannounced new products, and fall when those products are announced. what kind of analyst doesn't know that?