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Goldman Finally Removes AAPL From Its "Conviction Buy" List
It is a rhetorical question but what was Goldman doing as AAPL was tumbling from $700 to $428 yesterday? Well, it was telling its clients to buy. And not just buy, but buy with conviction, which of course means Goldman's internal prop flow desk was selling with the same feeling. Today, after AAPL's long suffering momentum chasers have been impaled on a nearly 52 week low, the firm finally cuts AAPL "Conviction Buy" target, dropping it to just Buy, and reducing its price target from $660 to $575. If anyone needed an upside stock catalyst, however brief, Goldman finally ending its conviction selling to the muppets may just be it.
And a history of the firm's price target:
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and all it took was a +25% drop in the shareprice...
The deputy's 401K was in that Apple stock too, he's wakin up with sore eyes wonderin just how much more it's gonna cost him if he don't get out now, and he's committed too.
"It is a rhetorical question but what was Goldman doing as AAPL was tumbling from $700 to $428 yesterday?"
Waiting for the last muppet to sell. No muppet left behind, etc., etc....
This emboldens me to start my own firm. I'll call it Sherlock Advisors. Picks will be handed out on a retroactive basis to my own hand-picked flock of eager muppets. I can't lose.
An AAPL a day...oh wait...
Who farted?
Phew. This GS downgrade of AAPL should finally end the AAPL sell-off. Law of George Constanza.
Exactly. Did they say anything about CAT? Another one of my favorite buy low sell high stocks.
Yea man, but you can make it up in volume!
PE under 10. It's a buy!
25% Return on Total Assets, 45% ROE and they are hoarding every penny of it.
If this thing goes any lower, I wouldn't be surprised if Braeburn Capital announces they are taking it private.
Welcome back my friends to the show that never ends, we're so glad you could attend come inside, come inside.
Maybe because Apple decided to kiss some Chinese ass - their growth is becoming too dependent on the Orientals ...
Does anyone remember when Steve Jobs left the company in the early 2000s? Apple products were terrible then. I expect the same thing now that he's dead.
Yeah, nobody cooked up the kool aid like Jobs. Visionary. I never bought his products, nor joined that club, but the man was a visionary.
"There's never been a better time to buy _______"....you fill in the blank.
Lets see:
a) AAPL?
b) Cyprus bonds?
c) Stockton munis?
d) a house?
e) a mouse? or,
f) none of the above.
g) Gold
h) Silver
i) guns
j) ammo
k) food
l) all of the above
g) body armor
h) a semi automatic rifle
i) an aquaponics manualj) precious metals
k) a used mrap
l) get several dualcitizenships / passports
m) an offshore stash
n) your own island
Jeff Gundlach is all I have to say.
Finally, AAPL holders can sell. Poor, dumb schmucks.
End the recommendation after the move has happened - seems about right. :)
It takes time to unload the 6.3M shares they were still holding as of 12/31 (after already disclosing unloading 1.2M)
Ho-ho-ho! All is fair in War & Love.
Caveat emptor. :)
Well if you look at the 5 day fucking chart on APPL especially pay attention to the increased volume on a top of 470,,,and every sell off....just like Cyprus bank withdrawls....the powers that BE known the research department at GOLDMAN SUCKS was preparing its report.....buy today
"Conviction" Buy means their lawyers prepared a defense to keep them out of jail for obvious, disingenuous fleecing.
Ah so that's why the 'market' is up today, AAPL will soar and bring the rest with it
"If anyone needed an upside stock catalyst, however brief, Goldman finally ending its conviction selling to the muppets may just be it." ROFL
Are you saying Goldman recommendations are counter-indicators?
Well now you know which companies to short now.
These Jews are disgusting liars!
They aren't Jews, they are kazars, sabbatean frankists masquerading as Jews.
asiatic mongoloids, technically.
What part of "AAPL's major source of revenue is hardware" is it that people don't understand?
Buy an iphone or buy an android/samsung for half the price.
It thought their major revenue source was student loans for college education.......
Teenage Girl: Yes means no, No means maybe, and Maybe means hurry the fuck up already before I change my mind.
Wall Street Analyst: Conviction Buy means I’m shorting it, Underperform means it will probably go back up, and Hold means I still have no idea what I’m doing yet.
an AAPL a day takes your profits away
The bottom is in.
It amazes me that people wil listen to any wall street guidance, much less pay a fee for it Far as AAPL goes they have some intersting patents that if executed will revive the stock and will probably work a good arrangement with intel. Merrill Lynch used to tout stocks to the masses that its intitutional pimps would be telling their clients to sell in the early 70's. Grant Dept Stores, National Patent, Penn Central and many others were on the "retail" top 10 buy list as the intitutions were hitting the exits. When someone refers to a client as a muppet, its time to say goodbye. When Paulson said it was the end of the world and TBTF the real message was ... we own you mr. taxpaer and you will cover our bad bets from this day forward and you will subsidize our "profits" with zero interest on your funds and we will inflate you to the poor house.. A partner at Dupont Glore Forgan once told me "the boys from old greenwich wont come to manhattan unles they can pocket a few million on the trip".... the only thing that has changed is now its a few billion... and with technology they dont have to commute.
Even the squid gets it wrong. Clearly this is a buy recommendation for the squid's money.
The iphone is all the revenue and profit for Apple. My useless opinion is that they have a cow which has been fully milked. Between samsung and supplier pressure, both sales and profits will be harmed for (ever?)
Apple is the first consumer electronics company to put a big dent in the "almost a trillionaire club". First. Very unusual in an industry with violent, nearly free of regulation market..can't last. ever......if only healthcare and banking could be the same....both, combined, would be single digit percentage of the economy and equity markets
So it's a buy then? For the anti-muppet trade?
YUUUUP!!! (and btw, if anyone still had any doubts...: http://www.newser.com/story/159227/yuuuup-storage-wars-is-rigged-star-cl...)
Some day they'll pull a 180 and start providing public guidance that matches how they trade their book. And there goes my trading strategy.
NK is ballistically bullish (bullshity?) on AAPL - I've heard they're willing to take on 1 infinite loop or bust!