Thursday, 20 October 2011
If You Sold Your Apple Stock Today, You?re An Idiot
Before I begin, two points: 1) I do not own any Apple stock. I have absolutely no interest in whether the stock goes up or down. 2) One can make an argument that there may be other reasons to sell Apple's stock now (namely, uncertainty following the passing of Steve Jobs), I'm simply arguing that the stock's collapse today due to yesterday's earnings is laughable. Watching the stock market following Apple's Q4 earnings yesterday and into today, I'm reminded of a famous Steve Jobs quote. "If you see a stylus, they blew it." Reworked, the quote today would be: "If you're investing based on Apple analysts, you blew it."