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  • predisposable_nym_01 predisposable_nym_01 Dec 6, 2012 9:27 AM Flag


    "my condolences..!!"

    No no no! Our condolences to you on the death of your brain.

    Search: "Apple’s ‘death cross’ could resurrect stock"

    "Yet the reports of the death cross are greatly exaggerated, Monsarrat said.

    While Apple’s stock has tended to struggle over the month following the cross, the shares have been up after three months, outperforming the Standard & Poor’s 500-stock index SPX +0.16% 60% of the time. Monsarrat noted similar upside in shares of IBM IBM -0.04% and Google Inc. GOOG -0.22% when the death cross has hit those stocks.

    “Looking at these occurrences the data is fairly inconclusive but if it shows anything it is that a death cross implies better performance going forward,” Monsarrat wrote in an investors’ bulletin published late Wednesday.

    He added: “The warning about a ‘death cross’ occurring should at the very least not be taken as a bad omen for future performance.”

    Sentiment: Strong Sell

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