Sal, don't bother giving prudent investment advice to Alomex.
He said sell Apple when it was $13 a share, and only now, after it has more than doubled, has he become neutral.
That is not true. My change to neutral was at $18, way before it doubled, and just five dollars from bottom after a fall from $43 to $13.
Reality is, JC is sore that I panned his favourite stock (Apple) for two years and the stock tumbled just as I predicted.
Apple, as opposed to Corel, is a religion. It has self appointed zealots and evangelists who openly proclaim their lack or rationality for the stock/product. JC is a prime example.
In a way they sounded just like Cowpland during all those hard years. Always optimistic in spite of the facts.
Now they find "validation" with the bounce from $13 to $27, even though most of them bought the stock above $30 over two years ago. |
