Apple Inc. (AAPL) is at its ‘Max Fear Point’: Hedge Fund Manager

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Apple Inc. (NASDAQ:AAPL) is the top stock pick among the hedge funds we track; that’s no secret. Here’s a full list of the money managers who are invested in Apple Inc (NASDAQ:AAPL) at the end of last quarter. Now, what all of these investors have in common is their support of Cupertino as a shareholder, but it’s possible for different bullish opinions to surface. Let’s take a look at one hedge fund manager in particular.

Apple Inc. (NASDAQ:AAPL)

On CNBC earlier today, Eric Jackson of Ironfire Capital was discussing the stock’s recent sell-off. He had a rather behaviorist take on Apple, mentioning (emphasis added):

“Apple always oscillates between the two extremes of fear and greed, and right now I think we’re kind of hitting that max fear point, with people all worried about margins and what the future products will be. What only shatters that fear and gets people greedy again […] is when people realize that the […] new product portfolio [is] going to be much bigger than they expected.”

Regarding Apple Inc. (NASDAQ:AAPL)’s iPad Mini, Jackson mentions that the device’s potential is still “widely under-appreciated,” adding that “there’s an opportunity for huge growth […] this coming year.”

What else does the hedge fund manager expect from Apple Inc. (NASDAQ:AAPL) in 2013?

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