Five-for-Six, Not Five-for-Five

So Andy Zaky’s “buy” call on Apple stock last May indeed made him five-for-five at the time, but, he made another “buy” call on October 10:

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.

AAPL was trading around $630 that day, and soon sunk to $500 and today is down around $430, so Zaky’s streak on buy calls ended there.

Tuesday, 5 March 2013