Bullish Cross: ‘Apple $1000: Why It’s Time to Buy’

I don’t offer investment advice, but Andy Zaky does — and those who listen to him have done pretty well:

History has repeatedly taught us that the best time to buy Apple is when the bearish sentiment in the stock has reached the pinnacle of extreme pessimism. When every guest on CNBC is calling for the imminent demise of Apple, when every headline is making a case for why Apple has peaked, and when the stock continues to slide by over a 2% a day right in the face of a market rally, that’s when you know it’s time to buy.

The last two times we publicly advised investors to buy Apple was on Thursday, May 17, 2012 when Apple was at $530 a share and on Friday, June 17, 2011 when Apple was at $320 a share. In both cases, Apple bottomed out on the following trading session and then went on a 30%+ rally. We have only ever published five public buy recommendations on Apple and each one was published within a few days of Apple’s final bottom. We have never missed a long-term price-target on Apple.

★ Tuesday, 16 October 2012