DavidScubadiver

Apple: Taking Some Chips Off the Table at Current Prices

I am certain that those who criticize a sale at any price would have been critical of people who chose to sell at $200. Its idiotic to criticize someone for selling a stock. Stocks are worthless, essentially, until they are sold. There is nothing wrong with taking a profit. Though there is nothing wrong with holding on to a winning stock either.

The 'Melt-Up' Rally Continues

Yesterday I owned 415 shares. Today I own 315. Why the sale? Because I had bought shares during the mini correction, after holding on to shares at $200. It was a nice gamble and I made a good chunk of change (or reduced my average cost, I suppose) as it climbed back up to 185. But I don't feel comfortable having $75,000 of any one stock. Maybe that means I'll never be super-rich, but I already feel a bit (or a gigabyte!) overweighted in Apple. I love the company's products. I love the company's stores. After two years as an investor, I broke down and bought my first apple product. I think the successful investment pushed me to the Mac Pro because I felt like the company made me rich. :)