Filed under: Apple Inc (AAPL)

Smack in the face of millions of exceedingly optimistic investors, I have really nailed Apple (NASDAQ: AAPL). Just as the market cheerleaders were fueling these investors’ imaginations, I wrote this article on January 3, urging caution.

Several hundred hate emails and a 30% drop in price later, I’m declaring victory.

Now, don’t bother to ask, I don’t know if now is the time to buy or sell — I only make calls when I believe the variables to be aligned/predictable, which is definitely not the case right now. I don’t trust the overall market/economy and I also want to see how all the Johnny-come-lately analysts react/influence the stock price over the next few days. But when I nail something this dead on, I must insist you file these lessons away because they will save you money and that’s why I write. After all, investing isn’t just about making money and stock picking, it’s about learning from what works and what doesn’t so you can improve over time.

Continue reading Apple wreckage offers important lessons

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This entry was posted on Wednesday, January 23rd, 2008 at 5:09 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.