I'm happy you're no longer bearish on AAPL, and I hope your opinion is indicative of the sentiments of a growing percentage of investors. Apple has finally figured out, or re-learned, how to slice a profitable share out of the pie that is its market. The trouble is that the pie is steadily shrinking. An increasing profit margin is wonderful, but not if gross revenues start to be measured in millions rather than billions.
Much as I love Apple (I got my Apple II in 1980, when I was 10, and worked at Apple as a Macintosh software engineer), I don't see the pie growing, and that's why my current plan is to get out of the stock at a break-even point ($22).
Do you disagree? Keeping with your boat analogy, do you want to be a part of a rock-solid, unsinkable dinghy? |
