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Technology Stocks : Apple Inc.
AAPL 278.79-0.7%Dec 5 9:30 AM EST

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To: Kip S who wrote (43133)2/12/2005 3:09:25 PM
From: Cogito  Read Replies (1) of 213173
 
>>If you (not you personally) think Apple has gotten as high as it's going to get, then the proper move is to sell Monday morning, but there's no way I think it's possible to rationalize NOT holding onto Apple the past few months as a good/right investment move.<<

Kip -

The problem is, when you sell a stock, you don't have the benefit of seeing the chart for the next six months. They don't even tell you what the closing price will be six months down the road.

The old saying on Wall Street is "You'll never go broke by booking a profit."

The question is whether Don made a profit on his sale. He did, so you really can't say it was a bad trade. It's true that he could have made more if he had waited, but worrying about what happens after you sell a stock is definitely unprofitable.

- Allen
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