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EquityOutlook.com Issues Rating For Apple's Stock
by , 12:40 PM EDT, June 26th, 2002
EquityOutlook.com has issued an "Outperform" rating for AAPL, a vaguely positive rating. The company prides itself on offering a short term outlook, saying:
These stocks are rated with a proprietary system of technical analysis. These ratings do not indicate a "long term" view of any company listed. These are ratings that indicate our opinion of a stock's PRICE movement versus the SP 500 over the short term. "Mainstream wallstreet [sic]" implores traders to "buy and hold." This strategy proves at times to be DISASTROUS. We believe that traders should find entry and exit positions over the short term to take profits or conserve capital.
As of press time, Apple's stock is trading at 16.91, down 0.23 (-1.34%), on moderately strong volume. You can read the original Dow Jones report at Yahoo!'s Web site.
If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.
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