This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Bears: We Were Just Freaked Out Over 'Fiscal Cliff'

Again, the thinking on AAPL should be, there's no reason to sell this thing until we have proof the company has beat itself (because the "competition" isn't doing it) and damage lurks imminently. That's not happening for quite some time.

However, just as investors must see the obvious vis-a-vis Apple's dominance, they need to bring a clear mind to the assessment of individual stock ownership.

In a perfect world, you should be able to buy and hold AAPL. And, despite the wild gyrations, you pretty much have been able to. Sure, if you held steady in 2012, you left some money on the table from September through the end of the year, but you still recorded considerable gains. And now, early in 2013, you're making up what you "lost" on paper.

AAPL shouldn't go up in a straight line. No stock does. No stock should. But it also should not be as volatile as it is. But, it is. So what do you do?

That's a personal decision based on your financial situation and risk aversion. But, one thing's for sure, it might not make sense to be a pure buy-and-hold investor, even with AAPL.

Keep a core position maybe, but trade in and out of a significant chunk. I'm not talking nimble day or even swing trading. I'm talking, "hey look, that lot is up 35%, let's not press our luck because even though the other guy is an idiot, he can still make money in this market."

--Written by Rocco Pendola in Santa Monica, Calif.
Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
AMZN $502.13 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs