I just closed the trade at a profit of 231.05%
I decided to sell my $AAPL (Apple) position. To be clear, I still think Apple is an incredible company, with one of the strongest brands, ecosystems, and customer bases in the world.
The issue for me is valuation. At current levels, I think the stock is pricing in a lot of optimism, while some risks are still present. One of them is the potential pressure from higher memory costs, which could impact margins.
It is a risk/reward decision. Great company, but at this valuation I prefer to allocate capital elsewhere where I see better upside.... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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