likely why you had us pull out of it after nice gaines last time. I'm sure we'll go back in, once everyone sells off and people start wondering if they'll ever be able to recover.
Yes, Apple had gotten way ahead of itself. We made an awesome return in a short amount of time. It still went up a bit more after we got out but it was becoming higher risk. And recently, we're seeing some of the effects of that higher risk with some very large down days in the stock. Great company, horrible stock price right now.
Good call Sean!
Thanks. Investors are overly bullish on Apple and many other tech stocks right now and when they're stumbling over themselves to buy...you and be fairly certain there is no value to be had there and it typically is characteristic of an overvalued asset when that happens.
I agree that this company is great and that its stock is most likely overvalued. The one countering force to all the indicators that this stock is overvalued is it's the 10 year anniversary of the iPhone. If they introduce more iPhone innovative features, models, etc., the stock may defy its underlying fundamentals and technicals. That's a big "if".