On June 17, he told readers to buy AAPL at $320. The stock took off two days later.
We gave Andy Zaky, an independent analyst with a enviable track record, a hard time a few weeks ago.
He had just published a report on his Bullish Cross blog (reposted on Seeking Alpha) advising investors to buy Apple (AAPL) at $320. Although his three previous Apple buy signals had proved prescient, we took MOREPhilip Elmer-DeWitt - Jul 8, 2011 7:06 AM ET
Apple, as hedge fund managers are well aware, is one stock that always bounces back
Whenever I see a chart like the one at right, which traces the trajectory of Apple's (AAPL) share price over the past 36 days, I'm reminded of Jason Schwarz's "Apple: Seven Reasons Shorts Love It," a supremely cynical view of the stock market that may be the best thing The Street published in all of 2009. MOREPhilip Elmer-DeWitt - Jul 7, 2011 6:58 AM ET
With the Dow up and no negative news on the wire, the stock fell off a cliff Thursday
Thursday was another one of those bizarre trading days for Apple (AAPL). The stock opened higher, flirted with some prices north of $328 in the morning and made it through the early afternoon without suffering much damage, despite the turmoil in Greece.
Then, at about 1:50 p.m., the volume jumped and the stock fell MOREPhilip Elmer-DeWitt - Jun 16, 2011 3:43 PM ET
If you're looking for evidence of manipulation, Friday's close was picture-perfect
"The easiest way to think of options," wrote The Market Skeptics's Eric deCarbonnel in a prescient 2009 post, "is as a type of insurance. Investors pay a premium to protect themselves against sharp swings in the market. If these sharp swings don't happen, those selling options (option market makers) keep the premiums as profit."
"In a legitimate free market," he continues, "every MOREPhilip Elmer-DeWitt - May 15, 2011 9:32 AM ET
After six years and an eight-fold increase in share price, maybe it's about time
On Feb. 28, 2005, with Apple (AAPL) trading at $88.99 a share, the company issued a 2:1 split. The stock closed that day at $44.86. Within a year it was once again selling for more than $80 a share.
At The Mac Observer's Apple Finance Board, where the question of whether Apple is about to split has come MOREPhilip Elmer-DeWitt - Feb 9, 2011 6:07 AM ET
Opens $3.79 (1.2%) higher after the firm resumes coverage with a $430 price target
Goldman Sachs (GS), one of the few major U.S. investing firms that wasn't covering Apple (AAPL), resumed coverage Sunday with a price target of $430.
The stock reacted immediately when trading began Monday, quickly setting an all-time intraday high of $325.06 as 1.4 million shares changed hands at the opening bell. It gave up some of its gains MOREPhilip Elmer-DeWitt - Dec 13, 2010 10:08 AM ET
Apple (AAPL), which has been trailing the market recently, reversed the trend on Monday and closed up $2.71 (0.85%) in a down market to set a new all-time intraday high of $322.33 and a new high closing price: $320.15.
A few useful stats courtesy of the Wall Street Journal:Year-to-date rise: 52% Rise over past twelve months: 65.6% Since the end of August: 32% Market Cap: $293.68 billion Trailing 12-month price-to-earnings ratio, as of Friday Dec. MORE Philip Elmer-DeWitt - Dec 6, 2010 5:27 PM ET
After taking a long detour into green-tech investments, the storied venture firm is returning to its sweet spot: the Internet.
Just two years ago people (including Fortune) were fretting that venture capital firm Kleiner Perkins -- an early investor in Netscape, Amazon (AMZN), and Google (GOOG) -- had missed the wave on the latest round of hot Internet startups in favor of a slew of risky wagers on "green" energy. (See MOREAdam Lashinsky, Sr. Editor at Large - Nov 29, 2010 3:00 AM ET
After two years of tight budgets, big companies have started spending money on information technology again. Who will be the winners in the new replacement cycle?
By John Curran, contributor
The forecast was alarming. When Cisco CEO John Chambers announced the networking giant's latest quarterly earnings on Nov. 10, he warned Wall Street that, due in part to cutbacks in spending by budget-strapped governments, sales for the next three months would probably MOREFortune Editors - Nov 22, 2010 3:00 AM ET
If CNBC's Erin Burnett weren't born yesterday, she would know that when Julian Robertson likes a stock, he really likes it. When he ran Tiger Management, one of the early hedge funds, his motto was "find the 200 best companies in the world and invest in them, and find the 200 worst companies in the world and go short on them."
But she was born yesterday. So she began her Robertson MOREPhilip Elmer-DeWitt - Nov 4, 2010 3:28 PM ET
|Albertsons to merge with Safeway|
|Alleged Bitcoin creator denies he's the one|
|Everything must go: There's a flood of store closings|
|Jobs report: Hiring picked up in February|
|The real reasons to export U.S. gas|