Just A Friendly Reminder: If You Sold Your Apple Stock In October, You Were, In Fact, An Idiot

On October 19 of last year I wrote a post entitled: If You Sold Your Apple Stock Today, You're An Idiot. Because their Q4 numbers missed Wall Street expectations, Apple's stock dropped over 5 percent on that day, to close below $400-a-share after hitting an all-time high just days before. My argument was that it was the Wall Street expectations that were horribly flawed, not Apple's actual performance. And the stock would recover quickly as a result leading up to their Q1 earnings, which even Apple was predicting would be a blow out. Reading the comments on that post ? which I love to do ? you'd think I was saying something insane. When the stock fell to $363 right after Thanksgiving, a few remembered the post and once again pointed out the irrational insanity of this fanboy. ?But then a funny thing happened yesterday. Apple's stock closed at a new all-time high.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/qepah7BXISY/

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