Saturday, February 9, 2013

Weird’s Deep Thoughts (Saturday Noon Insight Edition): Apple stock falls: One prominent example of egg on analysts' faces




From EconomicTimes: By November, Apple stocks were in the midst of a precipitous decline. Fifty of 57 analysts rated it a buy or strong buy; only two rated it a sell. Apple shares continued their plunge, and this week were trading at just over $450, down 36 percent from their peak.

By November, with Apple stock in the midst of a precipitous decline, they were still bullish. Fifty of 57 analysts rated it a buy or strong buy; only two rated it a sell. Apple shares continued their plunge, and this week were trading at just over $450, down 36 percent from their peak.

How could professional analysts have gotten it so wrong?  It wasn't supposed to be this way…..

Read all about it at http://economictimes.indiatimes.com/markets/global-markets/apple-stock-falls-one-prominent-example-of-egg-on-analysts-faces/articleshow/18416325.cms

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