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 | 5334 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
Twitpic Reaches Last Minute Deal With Twitter to Keep Its Photos Alive
Twitpic has reached a last minute deal with T...
PanguTeam Issues Update on iOS 8 Jailbreak
The PanguTeam has issued an update on the sta...
Apple Submits Refined Plans for Phase 2 of Apple Campus 2 Construction
Apple has submitted refined plans for Phase 2...
Apple is Reportedly Rebuilding Beats Music to Relaunch It Next Year as Part of iTunes
Ralph Nader Slams Tim Cook for Buying Back Stock Instead of Helping Impoverished Workers