Apple ran from 300. - 700 in a short time.......very few got it right....why? Because none of them have a clue on Apple's , product pipeline, the timing of new releases, and cost structures to predict margins..... The are all guessing and shooting in the dark. You could do as well going to a Zoo and give a monkey a pointer and have them point to a price target on a chart.
The bottom line is none of the analysts have the technical understanding, education or experience to gauge or predict any technical stock movement. Save yourself the elation or disappointment by ignoring the Doolittle's, Cramer's, Lees and other CNBC ignoramuses. They have no clue. None!
Totally agree. When different analysts have target price from 220-880, there is a problem. Wd rather flip a coin than listening to them. I believe in combination of technical + fundamental, hence my name technimental and analyse yourself.
I can think of four regular CNBC pundits who have reversed buy and sell positions on Apple at least three times in less than six weeks. One pundent, Terranova, made so many poor calls he gave up on commenting on Apple. But the best positions are the ones who say they will buy when Apple breaks 525. So many wrong calls on the chip companies, hardware, software, and cloud plays, they have no business dishing out advice or opinions. The all star MVP goes to Steve Weiss, who had been pumping Blackberry, non stop for the past several weeks, and then announces he sold his position, while he was pumping the stock. But may get back in below 10 , based on a possible buyout of BBRY. Great thinking, Steve, great thinking!