Zaky called that bottom in mid May
FORTUNE -- The last time Bullish Cross' Andy Zaky issued a public recommendation -- as opposed to the advice he administers daily to his paying clients -- was May 18.
That day Apple (AAPL) touched $522.18, which Zaky believed was a bottom, and he told anybody who would listen to buy at $530 to $550.
I mention this because Zaky, a former Fortune contributor who now runs the only Apple hedge fund I know of, has a pretty good track record on these things -- like four for four. (See here.)
In his May post he predicted that Apple would hit $750 sometime before the end of January. When the stock crossed $700 in after-market trading Monday -- up 32% since his last buy signal -- he followed up with another public posting -- this one laying out his Apple price targets for the next two years. He sees Apple going to
- $750 before the end of January 2013,
- $850 in late summer or early fall 2013,
- $1,000 in late December or early January 2014,
- $1,500 by the end of 2014, and
- $2,000 sometime in 2015
Mark your calendars.
You can read Zaky's reasoning here.
For a more mainstream view, see Analysts scramble to keep their targets ahead of Apple's price.
Philip Elmer-DeWitt 19 Sep, 2012
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Source: http://rss.cnn.com/~r/fortunebrainstormtech/~3/CuSOseCO5iI/
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