Zico Update : Taking Profit On Apple
After a long time in the stock, I actually placed the order to sell some of my Apple Holdings yesterday.
And my old classmates from school whom I told over CNY dinner that I would be taking profits in Apple could not resist reminding throughout yesterday’s session where the price of Apple was as it broke out. Our Whatapps chatroom looked like a price tape .
In a sense, investors always find it hard to take profits as the stock price breaks and that is what appears to Apple’s stock price. But that is precisely the time not to be “greedy”. Besides when the price line goes straight up, it usually corrects sharply. And if the long prospects are still good or great there will always be time and opportunity to get on board.
And so as I said earlier in the year, you got to take profits. It’s getting in when the price corrects that may be a little tough. But I am sure I will get that opportunity.
A Bit About Zico
Zico is our in house equity consultant who is currently a private fund manager with more than a fair share awards in the course of his illustrious career.
Having managed both global and also regional themed equity portfolios, he specialises in stock picking that maximises returns for his various absolute return portfolios.