Jeff Gundlach Warns Apple Could Go As Low As $300
After Apple missed analyst earnings expectations this afternoon, bond god Jeff Gundlach, the CEO of DoubleLine Capital, joined the folks on CNBC's "Fast Money" to discuss his $425 price target on the stock. He said the if the stock closes below $483 tomorrow, it could fall to $425 very quickly. "I think it's coming this year for sure," he said. "That's an awfully long time window, I realize that. The ways it's looking now, it should probably happen this quarter." What's more is he said it could go to the $300 range. Gundlach has been shorting Apple since April
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