Where Is the Bottom for Apple?

Now that Apple (AAPL) has broken through the $500 level, many are wondering where the bottom is.

Apple bear Jeff Gundlach has a price target of $425. I have to give credit to Gundlach. He's been right as rain since September with his bearishness as the stock has fallen to $486 from $705. (In fairness, Gundlach first became very bearish against Apple back in the $500s before it ramped up to its all-time high and then started coming down again. Nobody remembers that now, so Gundlach's call looks spot on.)...323 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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