Apple Stock Tanks After MACWORLD Product Releases

The old clich?, "buy on the rumor, sell on the news" proves to be sound advice after Apple announced a slew of G3 PowerBooks, G4 and iBook upgrades in Tokyo. AAPL, which was a Valentine's Day bargain at $109, soared to $119, a new closing high by yesterday afternoon, but sold off today as speculators rushed to take profit

Check It Out: Apple Stock Tanks After MACWORLD Product Releases