Gundlach: Apple stock ‘headed for $425’ (with video)

“Noted bond investor Jeff Gundlach, who has been taking some aggressive short positions on Apple (AAPL) in past, was on CNBC just now to say that he thinks the stock, today off $1.47 at $547.56, is ‘in a consolidation period,'” Tiernan Ray reports for Barron’s.

“‘I think we’re going to hover around this level as long as the stock market stays locally reasonably strong,’ advised Gundlach, while reiterating the view he offered on the channel before, to wit, ‘I deeply believe, though, that Apple is headed to $425 per share,'” Ray reports.

[protected-iframe id=”7fd242d6c16db25bc833e49a4cbe50e6-17146794-18685410″ info=”” width=”400″ height=”380″]

Full article here.

MacDailyNews Take: iCal’ed.

[Thanks to MacDailyNews Reader “mr_matalino” for the heads up.]


    1. His whole theses re Apple is that Apple will go down because it went up. Never mind earnings and cash went up substantially over the past 12 mos. Interestingly, his target is same as Abigail Dolittle espouses on CNBC. Here rationale is that Apple has to fill the Jan 2012 earnings gap up at about 400-425. Long held beleif among technicians that stocks always back fill price gaps.

      1. Abigail Doolittle is a ding dong “chartist” who espouses lunacy with the likes of Guano, Enderle and Zabitsky.

        Seriously, do any of these people have any idea what Apple really does other than provide a squiggly line on a chart? Apparently not.

  1. I think this guy was betting on “total” stalemate in DC. Now that the overall stock market did not fall off the “cliff,” he’s trying to cover his butt before Jan. 23rd nears.

  2. It is long over due that the government should investigate people like this for racateering ,corruption , stock manipulation and theft.. I am sick of jerks being permitted to use the media for their own gain.. How is this just and fair to investors?.. What are the trading positions this person and other analysts put in place before being permitted to engage the news media and internet to make their claims and rigged bets?.. You and I cannot do this.. There needs to be a complete overhaul and measures taken to to ensure honesty, ethics and put an end to games that screw the public investors out of their money.

  3. I said apple should have a stock split when it was around 700.

    A stock split doesn’t make the company worth more but it does allow more people to buy the stock. Many people don’t have big chunks of spare cash to buy stock and psychologically people seem to like having say 5 one hundred dollar shares than one five hundred.

    Right now aapl is mostly owned by big funds. Broadening the owner base means these funds can affect the stock price less by manipulation, portfolio balancing etc. Hedge funds with millions of dollars of aapl can now pull aapl up and down like a yoyo.

    Apple has do stuff to help stop this otherwise small long term investors will stop buying aapl (like at the silly low P.E aapl has now).

    Aapl at around 100 a share will I think help broaden the owner base considerably. I think there are lost of apple fans who would like to buy a few shares a month if it was around that price.

    1. I could not agree with you more, sir or madam! YOU ARE RIGHT ON! It’s time to take AAPL out of hedge fund hands and put it into those of normal, small, long-term, rational, committed investors! No one I know will buy 2 shares of AAPL for $1000 (or so), but they WILL buy 20! That is human nature. Period. And no financial “wizard” can deny that reality.

      AAPL has been split three times since 1980, and it is clearly time for another. This manipulation by the “big boys” has to stop.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.