“Relax, don’t do it when you want to come unglued,” Rocco Pendola writes for TheStreet (published at 7:45 AM EST today). “If you own Apple (AAPL), it’s no sin to have sold somewhere along this recent plunge line, particularly if you were sitting on massive unrealized profits. Never a bad idea to take profits.”
“At the same time, if you own AAPL, it ain’t no sin to be glad you’re alive,” Pendola writes. “While doubling down, as a general strategy, can blow up a portfolio, it’s a risk I would be willing to take with AAPL right now. I’m not sure I have ever seen a stock more ‘certain’ (because nothing in life is ever certain, particularly on Wall Street) to make a more historic run in my lifetime.”
Pendola writes, “As the noise works itself out, I expect another parabolic run between now the end of January when Apple reports holiday quarter results.”
Read more in the full article here.
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