NEW YORK (TheStreet) -- In one direction, Netflix (NFLX) provides the perfect illustration of the toxic disconnect between how Wall Street treats stocks and studies companies. Apple (AAPL) does in the other.
Reality means nothing to the big money. Concurrently, your loyalty to or love for a company should not influence your decision on its stock. Not at all.
After publishing Tuesday's The Media Is Lying to You About Apple, this is one of the first responses I received on Twitter:
When that type of emotion accompanies an investment, or a trade for that matter, I worry.
I guess if you bought AAPL at $100 or $200, you're still happy. But, no matter where you started with the stock, digging your heels in because you think it's the right thing to do or because you're fighting the good fight against a lying and lamebrain media and investor community could get you killed.
It might very well be the case that Apple is unjustifiably undervalued right now. That the cheap iPhone was a figment of the pundits' collective imagination. That Apple is getting beat up for not doing something it never said it would do in the first place. That Tim Cook can, contrary to popular belief, deserve to hold Steve Jobs' jockstrap. If this is reality, there's a better than zero chance it's one you'll never experience.