Short Apple today, says Satori’s Dan Niles (video)

From CNBC’s “Satori Fund’s Dan Niles on what investors should watch after Apple product launch event” aired Tuesday morning on Squawk Box.

My take: Buy the rumor, sell the news, yadda yadda yadda. Niles, you may recall, was telling CNBC listeners to sell Apple when it was trading in April 2020 for $67 a share.  “You can’t eat an iPhone,” he said. “You can’t live in an iPhone. You can’t be warmed by an iPhone.”

10 Comments

  1. Fred Stein said:
    Squawk: “a loud harsh noise.”

    5
    September 14, 2021
    • Alan Birnbaum said:
      … signifying nothing.

      2
      September 14, 2021
  2. Miguel Ancira said:
    What he said is true….it goes up before the event and down after…but that information is for people who are in and out of the market constantly.

    In other words, for people who are in for the long term, this information is useless.

    And yes, please hold his feet to the fire.

    7
    September 14, 2021
  3. Darren Grayson said:
    I’ve read his comments about AAPL 20 times and never once has been bullish in the short, medium, or long term. Wrong for $2T.

    3
    September 14, 2021
  4. Gregg Thurman said:
    Typical WS advice: he’s three trading days late.

    4
    September 14, 2021
  5. Robert Nowak said:
    Back in 1999-2000 I had a small position in LSI Logic. Niles was very bullish on it, repeatedly on CNBC, and never saw LSI’s big fall coming starting in March 2000. The was the last time I gave any credence to his so called recommendations.

    2
    September 14, 2021
  6. Rick Povich said:
    Dan Niles has been for years one of the most silly, clueless and completely wrong people who pretends to be qualified to offer advice to investors. Seriously, if he were included in the AAPL anal-yst list he’d consistently be among the bottom-feeders. I don’t think he was always this clueless and wrong – maybe 10 years ago or more he actually acted like he understood Apple and gave some good information. Then he seemed to go off the radar for a while and came back as this poseur. He’s definitely CNBC clickbait at this point

    3
    September 14, 2021

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