I told all you idiots your face was about to get ripped off. Even your ring leaders Kass and Gundlach are proclaiming a rebound is coming
Why don't you tell the whole story? He said it was a short term oversold bounce. Said to sell into it and not to invest. Said growth days are over. Cited all kinds of reasons. No new products, old products getting small upgrades, Jobs no longer there. He is still a bona fide AAPL bear. He just said there would be a bounce of 50 pts at the most.
The whole story is that Gundlach is a bond specialist who knows little to nothing about technology companies, much less Apple. His dissing of Apple is contradicted by a host of hugely positive factors: (1) unsurpassed brand loyalty, (2) fortress balance sheet, (3) tremendous demand for Apple's new products, (4) trailing P/E ratio under 12, (5) untapped emerging markets, (6) retail stores that generate more revenue per square foot than any other retailer, (7) new as-yet unannounced products categories in the pipeline.
Gundlach admitted that he recommended going short Apple it was at $610 and heading up to $700. That recommendation would have proved excruciatingly painful to anyone who listened to his advice at the time. Bottom line: take Gudlach's recommendations with a huge grain of salt.
Gundlach is a PERMA BEAR! I have zero respect for this idiot, and he lost 100 points when he first started his short at 600... Apple will see 700 again folks! Im so sure of that, when I have no clue, but it will... As far Gunlach if he got clipped in an accidental drive by shooting Id celebrate..
I'm long, but have to admit Gundlach made a great call in shorting this stock a couple of months ago. On Options Action just now he essentially declared "mission accomplished", and predicted it would go up from here.