Getting Antsy About Apple?

by Jeff Reeves | November 16, 2012 9:42 am

What to do with Apple (NASDAQ:AAPL[1]) is a question on every tech investor’s mind right now — including me. After all, I’m long AAPL stock and shares are rapidly approaching my entry price. Almost every day I ask myself, “Man, should I get out now before my position goes red?”

Then I take a sip of coffee and move onto other things … because I’ve learned one painful lesson as an investor that is truer than all others: People just trade too freakin’ much. So I’m taking my advice (recently stated here[2] and here[3]) to just relax and keep my hands off the trigger.

But for those of you who simply can’t help themselves, here’s some of the Apple news and numbers I’m looking at:

Cons

Pros

So that’s that. I am sticking it out with AAPL for the long-term capital gains, the dividend and because I am not a trader. However, if you are looking for a short-term swing trade, there probably are better places to put your money in the next few months than Apple stock.

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Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.”[19] Write him at editor@investorplace.com or follow him on Twitter via @JeffReevesIP. As of this writing, he held a long position in Apple but none of the other stocks named here.

Endnotes:
  1. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  2. here: http://slant.investorplace.com/2012/11/stock-market-sell-off-panic/
  3. here: http://slant.investorplace.com/2012/11/why-your-best-investment-move-is-nothing-this-november/
  4. Apple earnings missed expectations: http://tech.fortune.cnn.com/2012/10/25/apple-q4-earnings-beat-guidance-miss-the-streets-lowered-expectations/?iid=EL
  5. earlier in 2012: http://online.wsj.com/article/SB10000872396390444025204577547361858270658.html
  6. late in 2011: http://blogs.wsj.com/marketbeat/2011/10/19/apples-earnings-miss-analysts-react-with-forgiveness/
  7. podcast after Apple earnings: http://slant.investorplace.com/podcast/2012/10/apple-earnings-mark-the-end-of-the-apple-mystique/
  8. attacks on Gaza: http://www.nytimes.com/2012/11/17/world/middleeast/israel-gaza-assault.html?pagewanted=all
  9. eurozone falling back into recession: http://blogs.wsj.com/eurocrisis/2012/11/15/cepr-euro-zone-economy-suffers-recession-since-3q-2012/
  10. mounting layoffs at home in the U.S.: http://slant.investorplace.com/2012/11/blizzard-of-layoffs-on-the-horizon-this-winter/
  11. DELL: http://studio-5.financialcontent.com/investplace/quote?Symbol=DELL
  12. RIMM: http://studio-5.financialcontent.com/investplace/quote?Symbol=RIMM
  13. XOM: http://studio-5.financialcontent.com/investplace/quote?Symbol=XOM
  14. supply issues, not demand issues: http://allthingsd.com/20121005/still-not-enough-iphone-5s-to-go-around/
  15. Jeff Macke and Todd Schoenberger explore: http://finance.yahoo.com/blogs/breakout/market-recover-without-apple-125705948.html;_ylt=Ak.4L.3_Fv4xEyS_Gv33XqyiuYdG;_ylu=X3oDMTN1cTNxYTVsBG1pdANGaW5hbmNlIEZQIE1lZ2F0cm9uIDIEcGtnAzU5ZmE0ZjE4LWZkN2EtM2VmYS05MmExLTY5YTY1ZjhjNWU4NARwb3MDMQRzZWMDbWVnYXRyb24Ed
  16. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  17. This kind of creative destruction can be good for tech stocks: http://slant.investorplace.com/2012/11/high-profile-shake-ups-are-good-for-apple-microsoft/
  18. Someone yelled “fire” at the hedge funds: http://www.cnbc.com/id/49842457
  19. “The Frugal Investor’s Guide to Finding Great Stocks.”: http://www.amazon.com/dp/B007KB9CSI/ref=rdr_kindle_ext_tmb

Source URL: http://slant.investorplace.com/2012/11/wondering-what-to-do-with-apple-stock/