Quote:
Originally Posted by Sieg
1:06 PM "Time to sell Apple," declares Thomas Kee of Stock Traders Daily, as it doesn't treat its customers properly. Kee isn't refering to the end users but to carriers like Verizon (VZ) and Sprint (S), whose margins are suffering because of the high cost of the iPhone. These resellers will look for alternatives and eventually find them.
I can understand how easy it is for you to fall victim to a short-sell though. 
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Wasn't really a "short sale" --- I owned those shares since $85 a share.....
I took some of the gain off with a loss in Goldman Sachs... the main reason is - APPLE does not pay a dividend - GS pays a very small dividend... I had a GIANT gain in one and a loss in the other -- so year end house cleaning. I still own 1000 shares of GS and will hold them paper loss and all.
I had half a million bucks in Apple - and needed to just do some rebalancing as I do at the end of every year. While it's THE HARDEST to sell winners.... it's the right thing to do --- so I kept 250 shares and bought some Connoco Phillips and raised my cash position for right now. I had also just lopped off a chunk of cash buying that building for my brother in law... and since I paid all cash for it - I looked at the Apple as a cash replenishment. I've ridden that horse for quite awhile - and the pigs get fat hogs, get slaughtered argument won out.