Sorry but that's the truth. The guy throws the Buy on after sell offs. He gets paid to tell people to initiate a position after irrational selling. Duh, yeah if you've been out of aapl, sure that would be a good time to move in.
Wednesday, August 1, 2007
Another well-crafted rumor play hits yesterday, so he removes the Hold rating. So now aapl is a Buy, but still sell it at $160. Right, sell it just like the $110 target you had on it until last week. His last Buy was in the low 80s after a 15% sell off.
So, in at $82, out at $110, in at $130, out at $160. Uh, OK. My people don't leave that kind of cash on the table, they add to their positions during nonsense like yesterday.