Selling Apple Stock In Jan 2009

April 22, 2011 8:24 am

Confirmation Error Definition: “you look for instances that confirm your beliefs, your construction (or model) –and find them.”

“The story on Apple is Jobs and his health. There were eight of us in all at dinner and not one of us, I mean nobody, that believed Jobs is healthy. And none of us believed the Apple’s PR team is being straight on this issue. As good as the company is, I just can’t own a stock when I don’t believe the company is being straight with investors. So I am selling my entire position in Apple this morning including the stock I bought earlier than last fall. My average price on my entire position in Apple is $96, so I’ll take a small loss on this and a small gain on the stock I bought during the meltdown last fall.”

Source: AVC

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