AAPL; Strong Sell | The Mac Observer Forums

AAPL; Strong Sell

Clayton.S

Posted: 22 March 2004 12:01 PM

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[quote author=“StockPicketReport.com”]StockPickReport.Com research suggests AAPL’s price will move significantly lower than the “open price” the day this rating was initiated. This analysis is based on short-term stochastic and “relative strength” indicators. Both stochastic and “relative strength” indicators point to a move down. Investors, traders, and other market participants may find this a good opportunity to sell AAPL, “sell calls”, or “buy puts”. This may also be an opportunity to lower targets and raise stop/losses to protect capital. Trading volume seems to be falling and AAPL’s closing price moved down during the week before this rating was initiated.

Full AAPL report.

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DawnTreader

Posted: 22 March 2004 06:07 PM

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Often times these technicals calls are a contrarian indicator of a strong move to the upside. Remember, for every seller there must be a buyer to complete the transaction.

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