EquityOutlook.com Issues Rating For Apple’s Stock

June 25th, 2002 at 3:00 PM - Apple Stock Watch by Bryan Chaffin

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 stockis 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, Appleis 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!is Web site.

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