You probably remember that months ago, I told you to load up the truck and buy Apple. (AAPL). If you listened to me, right now you would be sitting on an ass load of money. I told you that buying Apple on Jan. 2 would handsomely reward you, and it has. It rose from 83 dollars up to a quick upper 90s, and then back down again to start it’s slow steady rise to 122.67 as of close.
I think iPhone will be huge, and so do a lot of other people. So why do I think you should dump AAPL? Because most people aren’t going to let their gain just ride, and its the end of he financial quarter. That means every money manager who has to show gains this financial quarter needs to sell a winner. The risk of profit taking makes the possibilities of a sell off after such a gain very possible. One only needs to look at the action of this stock after the announcement of the iPhone for guidance.
If history repeates itself, there will be some serious profit taking and give you a chance to buy in Apple again before a run up to their earnings that reflect the sales of the iPhone.
Disclaimer: I own Apple. I will be selling a significant portion of my holdings. I am not providing advice, only commentary. If you take any advice from an anonmyous blog without your own research, you are a serious dumbass.
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