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 | 5616 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
Google Maps App Gets Redesigned and Improved Transit Directions, Image Gallery, More
Tinder Introduces Verified Profiles
Tinder has announced that starting today it's...
Apple Webpage Highlights Testing of Third Party Cases Sold in Apple Stores
Samsung Unveils 2TB 850 PRO and 850 EVO SSDs
Samsung has announced the launch of the 2TB 8...
Apple Watch Sales Down 90% From Launch? [Chart]
Sales of the Apple Watch have reportedly drop...