Is Apple (AAPL) the Short of a Lifetime? This Rainmaker Thinks So...

March 9, 2012 11:30 AM EST
Apple (Nasdaq: AAPL) shareholders are NOT going to like this, but....

According to a tweet from CNBC's Jane Wells, bond king Jeffrey Gundlach of DoubleLine Capital said at last night's CFA Forecast Dinner in San Diego, "one of my favorite generational shorts is Apple... the rainmaker is gone, and I don't see people lining up all night for iPad 482."

Ms. Wells called it the "quote of the night" at the event, which she moderated.

Good thing Gundlach is the king of bonds, not stocks.

Despite the comments, shares of Apple are motoring higher and nearing another new all-time high - last at $545.41.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Insiders' Blog, Trader Talk

Related Entities