Topeka's Cartoon Analyst Cuts His AAPL Price Target From $1,111 To $888

Tyler Durden's picture




 

Just because AAPL longs needed some more salt rubbed in their wounds, here comes Apple's cartooniest analyst  who heretofore had the highest price target on AAPL some 140% higher than where it is now, and working at a firm named for a town in Kansas, cutting his fruitish $1,111 price target down to $888.

  • TOPEKA CAPITAL CUTS PRICE TARGET TO $888 FROM $1111; RATING BUY

So was $666 taken? And does Topeka Capital think having your number key stuck when determining a price target imputes credibility to one's worthless research?

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Thu, 01/24/2013 - 09:07 | 3182142 Cursive
Cursive's picture

It's Illimunatti (sp?) code.  Divide by 1.35 and you have a true target number.

Thu, 01/24/2013 - 09:13 | 3182147 GetZeeGold
GetZeeGold's picture

 

 

Hey.....how did you find out?

Thu, 01/24/2013 - 09:13 | 3182152 TerminalDebt
TerminalDebt's picture

it's a good ploy having a stuck key. If you're guessing anyway then there's no difference between 850 and 888. At least with 888 you get people like ZH posting it.

 

Thu, 01/24/2013 - 10:14 | 3182304 totalrockage
totalrockage's picture

yeah, and you get to say you meant $88 instead of $888 when it tanks.

Thu, 01/24/2013 - 12:10 | 3182672 hoos bin pharteen
hoos bin pharteen's picture

"$888 - because a round number looks like a wild ass guess"

Thu, 01/24/2013 - 09:13 | 3182153 AlaricBalth
AlaricBalth's picture

"Toto, I've a feeling we're not in Kansas anymore."

Thu, 01/24/2013 - 09:24 | 3182178 Cursive
Cursive's picture

@GetZeeGold

Watching back-to-back-to-back-to-back Discovery Channel specials.  The secrets to it all are somewhere in there. /sarc

Thu, 01/24/2013 - 09:30 | 3182184 Divided States ...
Divided States of America's picture

This analyst Chinese???

Thu, 01/24/2013 - 09:44 | 3182213 Reggie Middleton
Reggie Middleton's picture

And where are all of those naysayers that doubted my Apple analysis throughout last year? The short call was right on the money at the release of the iPhone 5. An all time high that Apple will probably never see again...

... and going into detail with Deconstructing The Most Accurate Apple Analysis Ever Made - Share Price, Market Share, Strategy and All

Thu, 01/24/2013 - 09:49 | 3182235 fonzannoon
fonzannoon's picture

Nice job Reggie. Congrats to you. Way to stick to your guns.

Now stop giving us stale info. This country is socialist now. I am entitled to your hard work and research for free. That's how it works now.

Thu, 01/24/2013 - 10:47 | 3182403 Mercury
Mercury's picture

+100 Reggie.

You can say that the markets are broken, that criminals don’t get punished and that the whole financial system rests on pure air but at least in this business, more so than any other, it’s very obvious when you’re right.

Hope you're putting your money where your mouth is!

Thu, 01/24/2013 - 09:08 | 3182143 BurningFuld
BurningFuld's picture

I say $111.11.  On the way down that is.

Thu, 01/24/2013 - 09:14 | 3182156 Itch
Itch's picture

He's a lover of symmetry, lets leave it at that.

Thu, 01/24/2013 - 09:15 | 3182157 ZeroPower
ZeroPower's picture

Equities in Dallas, amiright:)

Thu, 01/24/2013 - 10:40 | 3182399 alex_g
alex_g's picture

Way to whip out the Liar's Poker ref...

Thu, 01/24/2013 - 09:17 | 3182159 orangegeek
orangegeek's picture

Interesting forecast.  Stocks rarely outperform their index.  NASDAQ100 topped in September.

 

http://bullandbearmash.com/chart/nasdaq100-apple-overlay-apple-diverging...

 

Nobody knows.  But the probable outlook is down.

Thu, 01/24/2013 - 09:19 | 3182164 SheepDog-One
SheepDog-One's picture

All good enough for yet another green futures fest.

Thu, 01/24/2013 - 09:21 | 3182168 GetZeeGold
GetZeeGold's picture

 

 

All is going according to plan.......so far anyway.

Thu, 01/24/2013 - 09:20 | 3182166 LongSoupLine
LongSoupLine's picture

Just another one dimensional hedge fund fucktard who doesn't know their fucking balls from a bowl of fucking soup.

Fuck you Topeka book talking, overleveraged fuckers.

Thu, 01/24/2013 - 09:31 | 3182186 WarHorse
WarHorse's picture

I think this analyst is an idiot but dude ..... talk about angry & resentful

Thu, 01/24/2013 - 09:57 | 3182251 LongSoupLine
LongSoupLine's picture

Stick around...those that know me see the above post as cheerful in comparison.

Thu, 01/24/2013 - 10:44 | 3182393 mayhem_korner
mayhem_korner's picture

 

 

+1 You held the #1 ranking as best and most lucid ranter for the 9th straight week.  Inthemix96 was the "place" horse...

Thu, 01/24/2013 - 12:04 | 3182662 Inthemix96
Inthemix96's picture

Hehehehe,

I read that mayhem.

I'm seriously not like what I type, must just come across as a fucking nutcase I supose?

Thu, 01/24/2013 - 10:14 | 3182302 fonzannoon
fonzannoon's picture

angry and resentful? At a system purposefully designed to part you from your wallet? I am amazed there is not more anger.

Thu, 01/24/2013 - 09:21 | 3182169 Cosimo de Medici
Cosimo de Medici's picture

Topeka is in Kansas.  The Kansas School Board wanted to remove any mention of evolution from the textbooks and replace it with either a strict biblical constructionist meme or else "intelligent design".  It's no wonder this clown is holed up where the Scientific Method is a mortal sin.

Thu, 01/24/2013 - 09:28 | 3182182 freedogger
freedogger's picture

Triple 8 - good treeplanters in their day.

Thu, 01/24/2013 - 09:31 | 3182187 EnglishAustrian
EnglishAustrian's picture

The Value of IOSSUS (Jesus) in Greek...

 

Maybe going to come back from the dead?

Thu, 01/24/2013 - 13:18 | 3182886 edifice
edifice's picture

Only the penitent may pass...

Penitent...

Penitent...

Thu, 01/24/2013 - 09:33 | 3182188 Mercury
Mercury's picture

There used to be a hispanic car dealer in LA who would rapid fire his easy to remember telephone number about seven times per commercial: "2222222222!!"

Thu, 01/24/2013 - 09:34 | 3182190 rsnoble
rsnoble's picture

Now that everyone hates Apple chart wise premarket it is gap fill from 1 year ago and attractive.  A lot of stocks are never getting the chance to fill the primary escape route which is $425 in this case.  No one except people with half a brain will want to buy it now lol.

Oh.......and I live 50 miles from Topeka.  50 years ago it was a nice town.  Now it's a thriving shithole.  Gazillion dollar capital building surrounded by the slum and illegals.  Of course what else is new in the US.

Thu, 01/24/2013 - 09:51 | 3182228 Frozen IcQb
Frozen IcQb's picture

I have $425 in my crosshair as well followed by $370ish thereafter as per my post here:

http://www.zerohedge.com/news/2013-01-15/widest-discrepancy-ever-between...

 

Expect lots of bobing, weaving and rampadoodle to vwap in the process.

Thu, 01/24/2013 - 10:15 | 3182192 Sudden Debt
Sudden Debt's picture

RELAX!!!! Let's just look at Nokia shareprice as a guidance for a company that failed to introduce new hype products and you'll see that it's not all that.... BBBBBAAAAAADDDDDDD!!!!

 

.... so from a top for nokia of 56$ down to... 4,64$....

.... so for apple... from a top of 705$ down to... 58$...

 

thank god Nokia is the only example in the world where a techy stock dropped so low after the hype....

 

 But  I'm not really rating Apple because these day, giving ratings is getting pretty illegal...

 

Thu, 01/24/2013 - 10:21 | 3182322 BurningFuld
BurningFuld's picture

I think RIMM is a better example.  ~$170.00 down to ~$6.00.  On their way back up because they have something new and different. Apple will need something new and different or they are a dead man walking.

Thu, 01/24/2013 - 09:42 | 3182210 Downtoolong
Downtoolong's picture

So was $666 taken? And does Topeka Capital think having your number key stuck when determining a price target imputes credibility to one's worthless research?

He's still got seven more tries to go before he gets to a call of $000.

 

Thu, 01/24/2013 - 09:45 | 3182218 mayhem_korner
mayhem_korner's picture

 

 

Just for the word "fruitish", I gave this post an "awesome" rating.

I'd like to see what Topeka is showing for the value of their AAPL bear-put spreads.  ;)

Thu, 01/24/2013 - 09:45 | 3182221 GFORCE
GFORCE's picture

The recent coverage of apple in the last 6 months just highlights the sad nature of the stock market, herd investors and media hype.

Apple was on a roll with the ipad and iphone but then all previous lessons and reality goes out the window and people make 1,111 calls while Bloomberg and co do a Stolper reversal from 'Apple can do no wrong' to 'apple is bust'.

Apple execs are now having to explain a fall in the stock price which wasn't based on reality anyway. Investing isn't too hard but the amount of morons with money, chasing yield make it much easier!

Thu, 01/24/2013 - 10:26 | 3182334 slaughterer
slaughterer's picture

Both the bulls and the bears on AAPL are full retard.  

Thu, 01/24/2013 - 11:49 | 3182618 Zymurguy
Zymurguy's picture

I love how insane folks are about AAPL.

Shit, 99% of the investors out there didn't give a rats ass about it until a couple years ago.  I don't believe it's worth more than $120/share... now that everyone is in up to their eyeballs in it and it's dropped 10% their panties are all up in a bunch.

I bought when it was $14/share bitchez. Haw!

Thu, 01/24/2013 - 11:57 | 3182640 edifice
edifice's picture

He'd better cut it a bit more... Say, to $400.

Thu, 01/24/2013 - 12:06 | 3182665 thewhigs
thewhigs's picture

Does anyone take these analysts seriously anymore? I thought they lost all credibility back in the "dot.bomb" days when analysts were hyping Amazon.com to $1,000 (Henry Blodget), Cisco becoming the first $1 trillion dollar market cap company (Tom Galvin), etc.

People who still take moron analysts seriously deserve to lose their money.

Thu, 01/24/2013 - 12:20 | 3182699 rsnoble
rsnoble's picture

Then again maybe AAPL will go to $888.  They have to get everyone out of it first and that's being accomplished right now lol.

I don't really think it will but they do play games like that.

Thu, 01/24/2013 - 12:49 | 3182781 TerminalDebt
TerminalDebt's picture

It will go past 888 as soon as The Bernank Drops a few more Trillion from his Heli.

He's out right now looking for the biggest Heli he can find.

Thu, 01/24/2013 - 13:51 | 3183007 steve from virginia
steve from virginia's picture

I see Edward A. Zabitsk has AAPL as a short sale -270

Thu, 01/24/2013 - 14:17 | 3183097 smartknowledgeu
smartknowledgeu's picture

The one tweet I sent out about whether to go long or short AAPL way back on August 22, 2012: "with possible rebalancing of #AAPL on NASDAQ & new #AAPL 52-week highs, shorting #AAPL MAY FINALLY MAKE SENSE for the 1st time this year". AAPL closed at $665.83 a share that day, peaked a few weeks later and has been all downhill since then. Right now - $455 a share.

Thu, 01/24/2013 - 14:46 | 3183197 reTARD
reTARD's picture

Analyst with heavy keyboard fingers? 333

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