If you don’t mind paying capital gains he may be right. But even with a cap gains rate of just 15% (Federal, does not include State) AAPL would have to sell off to below $225 before you’d benefit.
In my opinion, if you’re long stay long. If you trade options it doesn’t matter what the Carters of the world say, because you don’t care what the direction is, as long as you can recognize it.
Philip Elmer-DeWitt has been covering Apple since 1983 — mostly for Time Magazine (28 years), later for Fortune (9 years), where he wrote a daily blog called Apple 2.0. [Read more.]
Joseph Bland on Premarket: Apple was green, turned red 'An image just came to me: Apple leading an Indy 500 race with Microsoft drafting right on its bumper, and…'
In my opinion, if you’re long stay long. If you trade options it doesn’t matter what the Carters of the world say, because you don’t care what the direction is, as long as you can recognize it.