This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Bottom: I Told You So

NEW YORK ( TheStreet) -- There's value in being recognized for doing something notable. It gets respect from your peers, elevates your status and opens doors. But there's little value in asking for that recognition.

It might stick in your craw that your peers simply ignored the notable thing, or even worse, throw ad hominem attacks and demean you by calling you a kamikaze, or some such thing. Yet, at the risk of sounding a bit undignified, I just can't help myself to stick it back in their craw and say: "See, I told you so."

Back on April 2, right here on TheStreet, I called the $390 bottom for Apple (AAPL), to the dollar. I also said that Apple and the major indexes would rocket forward and issued a strong buy alert. And both predictions came true.

But have Apple bears even mentioned a single word about it? No! Instead they have been busy writing scathing articles about Apple, prognosticating the iMaker's impending doom, and calling Tim Cook a blithering idiot. I guess if that's what it takes to get readers, you gotta do, what you gotta do.

Still, I feel empty. Because this article will come and go; many people will ignore it ... which is very puzzling.

So, I'll continue to fight the good fight. TheStreet needs someone to balance the unbridled and misplaced vitriol from Apple bears. Let's start by reaffirming that Apple is the best hope for leading the U.S. economy to a full and complete recovery.

Apple is not succumbing to mediocrity, nor is it being murdered by Tim Cook, and this run is not only real, it's the start of a historic bull run, the likes of which have never been seen. So I restate my Kamikaze call, that Apple will ultimately reach $1,600 sometime in 2015, and $1,404 by the end of 2014.

This fight is never-ending, it's like that scene from Matrix Reloaded where Neo battles thousands of replicating Agent Smiths. These agents are Apple analysts, who are, in my opinion, glorified financial reporters. They are the tools of investment brokers and big consultancies. They have extracted incredible damage on our brokerage accounts because of their inane assessments. It is unnatural these analysts should wield such power.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs