Claim Chowder: ‘The Apple Bubble Is Ready to Burst’

Leonid Kanopka, writing for Seeking Alpha in November, two months ago:

Apple is a great company with wonderful products, but its run is up. It seems to me that innovation is beginning to run dry, and the stock price is overinflated. The stock has begun to fall already dropping from its $426 high. If the economy does not pick up and the company does not cushion its freefall, we could see new lows into 2012 — maybe $85. Whatever the case, I see a rocky future and a new bubble about to burst. My recommendation: Sell.

Nailed it.

★ Tuesday, 24 January 2012