“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.
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Full article here.
MacDailyNews Take: iCal’ed.
[Thanks to MacDailyNews Reader “mr_matalino” for the heads up.]