Jim Cramer on Citi's Downgrade of AAPL [Video]

Posted December 19, 2012 at 4:15pm by iClarified | Please help us and submit a translation by clicking here | 5422 views

Jim Cramer recently ripped into Citi for its bad advice when it comes to Apple's stock, reports FORTUNE.

Not only did Citi miss Apple's run from $560 to $705 -- a six-month stretch when the bank provided no coverage at all -- but then the new team gave clients a 20-day one-two punch: Issuing a Buy at $571 just before the stock fell to $509.79, then downgrading Apple to Neutral just before shares bounced back to $533.90.

Take a look at the clip below...

Read More



[Sorry, Flash]

Share
Add Comment
Follow iClarified
Apple Releases Critical Security Update for OS X
Apple has released a security update telling ...
T-Mobile CEO Delivers a Holiday Message Mocking AT&T, Verizon, Sprint [Video]
This is Google's First Real Build of Its Self-Driving Vehicle Prototype [Photo]
Microsoft Launches 'Mac to Surface Pro 3' Site for Switchers
Microsoft has created a new mini-site for Mac...
Walt Disney World to Accept Apple Pay Starting December 24th
Walt Disney World will reportedly begin accep...