Hey Mr. Barr, how’s that ‘dump Apple’ idea working out?
Wall Street Journal’s markets editor Colin Barr told readers Friday morning that it was time to sell their Apple shares. His reasoning was specious. His timing was terrible. A week ago, Apple was trading for $149.10. Today it touched $161.83, a new all-time intraday high. See Spectacularly bad advice from the Wall Street Journal.
Update: Apple closed at $160.08. That’s a new all-time-high closing price, the third this month, according to AAPLInvestors.net:
Click to enlarge.