“Apple is showing its sunny side after some cloudy days, said Jim Cramer on his TheStreet.com TV video on Wednesday,” TheStreet.com reports.
“Cramer cited Piper Jaffray analyst Gene Munster’s recent declaration that Apple had in fact experienced strong growth within the first nine months of 2006, which is in opposition to an earlier report by Forrester Research that stated Apple endured a 65% drop in monthly iTunes revenue during the first half of the year,” TheStreet.com reports.
“Apple shares fell 3% after the Forrester report Tuesday. ‘Apple computer [has] been the big decline ever since that stupid Forrester survey,’ Cramer said,” TheStreet.com reports. “Cramer predicted that Apple will steam right back up to $90. Apple was up 1.5% today.”
Full article here.
Related articles:
Piper Jaffray: Apple iTunes Store sales show strong year-over-year growth – December 13, 2006
Apple on Forrester report: ‘the conclusion that iTunes sales are slowing is simply incorrect’ – December 12, 2006
Blackfriars’ does the math: Apple iTunes sales are not ‘collapsing’ – December 12, 2006
iTunes interest climbs as one analyst claims falling sales – December 12, 2006
Akamai Net Usage Index for Digital Music measures real-time global consumption of online music – December 11, 2006
WSJ mistake: ‘digital-music sales have stalled for the first time since Apple launched iTunes Store’ – December 06, 2006
Digital downloads drive world music sales in first half of 2006 – October 13, 2006
Study reports the obvious: most music on iPods not from iTunes Store – September 17, 2006
Apple iTunes Gift Cards help boost growth of digital music in U.S. – April 21, 2006
Like momma always sayuhd… stupid is… as stupid does…
Duhhh…
Gotta love that baldheaded freak.
I’m hoping.
The stock will go up now if for no other reason than Jim said it will.
Given the news that drove the stock price down was bogus, it’ll go back up barring any new bad news.
Artificial bad news is perpetrated to manipulate a buying opportunity.
There should be some legal recourse available for stock holder stung by such bad analysis.
After all, there’s plenty of examples of class action suites against companies that forecast poorly.
Someone should pay. So much for Forrester’s Rep.
Josh Bernoff’s Bio:
http://www.forrester.com/ER/Research/List/Analyst/Personal/0,2237,145,00.html
Josh simply sucks and my belief is that the SEC should investigate him for his completely bogus and unsupported report as “market manipulation”…
…and here’s his blog:
http://forrester.typepad.com/devicesmedia/
Seems somewhat obvious that this was a deliberate move to set up some short selling, plus a buying opportunity on the rebound… Sometimes I think the market is plain stupid, on the order of a bunch of cows following a decoy to the slaughterhouse. Ultimately, fundamentals win the day if you play “long.”
All together now:
PUMP – DUMP – PUMP – DUMP (ad infinitum)
Watch your back!
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Cramer called it right. At 5 minutes to market close, aapl hit $88.95, up $2.81 on the day. Gotta love him, crazy antics and all. He’s called a lot of big winners, including CAL, BLUD, XOM, and… yes… even MSFT (of late.)
Let’s get this scum bitched slapped like he should.
SEC complaints:
http://www.sec.gov/complaint.shtml
His name:
Josh Bernoff
Firm:
Forrester Research
Enough of this bullshit!
Sometimes you can’t see the Forrester for the trees.
Jim needs to make several Forrester Research dolls then rip their heads off.
Bitch-slapped…? Fire his ass! Unless you’re having an affair with his wife. Or the man himself.
I wish he would say something bad about Apple to get the stock to drop back to $50 like it was in July. I’ve now missed out on three different chances to buy stock. I’m not missing the next chance.