I think dumb is unfair. Having worked in the industry, it's like journalism in some ways - you don't get anywhere without publishing interesting content that will attract peoples attention. It's amplified for this analyst since he's not at one of the big equity research houses, so he won't have as much access to big clients. He's also covering one of the most written about companies, and so to reach new clients he has to go big and ridiculous. This will be in the hope that investors will notice (some evidence it's working given the publicity his predictions have been given) and he'll hope that maybe one day one of his predictions will be right, which would substantially increase his credibility.
Not sure why this is in the alternatives to iOS forum btw..
