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.

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Full article here.

MacDailyNews Take: iCal’ed.

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

17 Comments

    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.

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