Apple: Why I Was Wrong - The Company Is Just Too Cheap To Sell
by Matthew Dow
About a month ago, I wrote an article on Apple (AAPL) where I stated that it was time to sell an overweight position.
For those who didn't read my article, I explained how I first purchased Apple just over one year ago in November 2011, and I was considering reducing from an overweight position to equalweight after crossing the one-year mark. The reasons for this were quite simple -- I felt that at the height of Apple mania, the continued high expectations for the company were not sustainable long term, and at some point either the company would misstep or a competitor would pose a serious threat to its dominance. So following Warren Buffett's mantra of being "fearful when others are greedy," I thought that it was a prudent time to trim my holdings. read more »
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