Sold Apple (AAPL) At What Looks Like A Peak

posted Feb 24, 2020, 7:37 PM by Intelligent Investor   [ updated Mar 18, 2020, 9:26 AM ]
Apple (AAPL) looks like it may have peaked at $325/share. News came out during the past couple of days that Apples largest factory in China that makes iPhones is closed due to the deadly coronavirus outbreak. As the factory reopened, only 10% of the workers came back. The question is, how is Apple going to sell iPhones if there are no iPhones?

After reading the news above, Apple's stock price is currently trading at $320/share, which is close to the peak price of $325/share. At $320/share, the dividend yield is only 0.96%. It is just way too small. If the stock price of Apple falls, I, at least want to have a good dividend, larger than 3%, at least. I don't see any reason to hold Apple stock at this level. So... I sold it. I sold all of it. I still like the company. I think Apple will do well in the long run. However, bulls make money, bears make money, and pigs get slaughtered. It's time to take some profits and run. I will be looking forward to buying Apple again in the future if the stock price drops due to the coronavirus or maybe a recession.