Why I Sold All My Apple Shares
Many readers know that I and others at the Fool are tremendous fans of Apple (NASDAQ: AAPL). The iPhone giant is an absolutely dominant consumer franchise, and it's no surprise that Forbes magazine ranked it as the world's most valuable brand earlier this year.
I had trimmed some of my very large position in February and sold a call against my Apple shares in January as the stock surged toward new all-time highs. However, given recent global events, I reluctantly sold more of my shares in the mid-to-high $200s in recent weeks, and then completely out of the stock on Wednesday, March 18, at prices I would have scoffed at as recently as one month ago.
That looks to have been an OK decision in the short term, as Apple's price has traded lower since then. Yet the Motley Fool's disclosure policy has precluded me from writing about the sale until now.
Source Fool.com
