“Apple Stock to Dive” Claims Investment House

If there is one company you should be happy owning shares in it’s Apple. The stock is currently sitting at more than $247 right now, which is quite respectful. But market research investment company BAM Investor believes it will plummet to a mere $42 by the end of the year.

“As far as timing, our behavioural analysis model indicates AAPL could reach the 45 dollar level as early as the Summer/Fall of 2010 or as late as the Fall of 2011. I understand that this forecast will shock most investors–and for good reason. The cardinal rule of forecasting is to only predict price or time, but never both”, said BAM Investor founder and CEO, J.G. Savoldi. “In our business this is considered ‘forecasting suicide’ but we have nothing to hide so we never hedge our forecasts. More importantly, we want to protect individual investors from buying into the current media hype generated by traditional stock analysts”.

BAM Investor says it’s not just making the forecast up. It says it’s all based on something it calls “Behavioral Analysis of Markets”, which is based on more than 20 years of quantitative analysis of how complex human behaviours and social movements affect stock prices.

This isn’t the first time BAM has made such a bold prediction. The market research investment company suggested Sears would fall from grace. Guess what. It did.

[Via Pocket-Lint]