“Come Oct. 17, I will purchase shares of Apple (AAPL),” Tim Beyers writes for The Motley Fool.
“Why not sooner, or today, when a global sell-off has the iEmpire trading down by more than 4%? The Motley Fool’s disclosure policy requires that I wait 10 days to buy stock in a company I’ve written about,” Beyers writes.
“And yet the delay doesn’t bother me… I expect the irrational selling to continue for weeks, perhaps months,” Beyers writes.
“High growers deserve high multiples,” Beyers writes. “Apple isn’t getting one now, but I’m betting a portion of my retirement savings that, over the long haul, it will.”
Full article here.
[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]