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 | 5270 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...

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