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  • Why Apple Is Worth $80 [View article]
    i sold out @ $200 and am happy to do so. Long term AAPL is a buy, short term, it's a sell. Here is my reasoning:

    1. Nice run up due to strong sales. revenue recognition FASB ruling is not a reason for a runup, so Kramer's arguement is not valid.

    2. Taxes. Lots of funds/investors have tax loss carryforwards. As the year nears, its probably a good bet to take some returns w/o having a tax penalty.

    3. The response to this article. AAPL may not be worth $80, but the response here that it's worth much more gives me reason to think that fund managers will be taking profits at the expense of people who don't know when something is overvalued.

    note: I bought AAPL in '05 around $70 sold around $100...missed the run up to $200 and the crash. Bought again late last year @100 and sold @ 200. had i held onto my stock from '05 I would made the same in return, but in real terms I've done better.
    Oct 27, 2009. 09:09 PM | Likes Like |Link to Comment
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