Maybe this will get the ball rolling.
I sure don't agree with this author's assessment, but Moonray posts articles from both sides of the fence regarding Apple and AAPL, so here we go:
Is Now the Right Time to Sell Apple? 7 Reasons the Answer Is Yes
Apple's stock may be unpredictable, but these arguments suggest a decline is coming.
Back on September 11, 2012, I suggested to readers of my newsletter "Brush Up on Stocks" that it was a good time to go negative on Apple ( NASDAQ:AAPL) stock. It traded at a split adjusted $90 at the time. Within seven months it was down by more than 35%, to trade well below $60. My core thesis back then, as it is now, is that Apple was largely a personality-driven company under the genius of Steve Jobs.
Now Jobs is gone, and so is the company's future.
I know this is sacrilege for hard-core Apple fans, and I know Apple still has a lineup of great product franchises in the iPhone, the MacBook, and the iPad, among others. But all of those were major product breakthroughs spawned by the genius and force of personality of Steve Jobs.
With no disrespect to the current team in place, many of whom Jobs hired and mentored, I don't believe that Apple has the same potential for revolutionary product breakthroughs going forward.
If you doubt me, and I am sure many people do, then please consider the following color on this theme, one of seven reasons to sell Apple stock now.
minyanville.com |
