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 | 5247 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
5.5-inch iPhone 6 to Launch Alongside Apple's iWatch in December?
The 5.5-inch iPhone 6 will not launch until D...
T-Mobile Announces New Family Plan Starting at $100
T-Mobile has announced a new share family pla...
European Commission Approves Apple's Acquisition of Beats for $3 Billion
The European Commission has approved Appel's ...
Refreshed MacBook Pro to Arrive Tomorrow?
Apple will reportedly refresh its 15-inch Ret...
SoundCloud App Gets Now Playing Indicator, Interface Improvements
The SoundCloud app has been updated with vari...