The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Dvorak: Time to Sell Apple Stock (Maybe)

Dvorak: Time to Sell Apple Stock (Maybe)

by , 5:25 PM EDT, June 7th, 2007

John Dvorak, who wrote for MarketWatch on Thursday, invoked the age old investor's maxim: sell on good news and buy on the bad. In this case, since no company can have as much good news as Apple, he advised to sell short.

Mr. Dvorak's reasoning went as follows:

  • Sell when other people are buying.
  • A report of iPhone keyboard problems from an undisclosed source. Mr. Dvorak, however, is "not convinced."
  • Apple bought into the gropupthink that people want to surf the Web on a handheld device, and he doubts that premise.
  • The functionality of the iPhone will be duplicated by competitors, and Apple "will be trading water."

Hedging even his own advice, Mr. Dvorak advised that selling short can wait. Perhaps until the device actually ships. Even so, he said the time will come.

Recently, Bloomberg News polled Apple analysts regarding Apple stock.. Twenty-three of them said "buy" while only four said "hold." None were advising "sell."

Stocks can be risky, and no one knows what tomorrow's headlines will bring. However, right now, Mr. Dvorak seems to be a lone voice.

If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated October 4th

Fri,6:17 PM
Apple Music - Guided Tour: Connect (Video)
5:22 PM
Last Chance for Titan MFi-Certified Lightning Cable: $24.99
5:18 PM
Tim Cook: The NSA Won’t Be Asking for Backdoors (Anymore)
4:30 PM
OS X Security is a Lot Better Than You Thought
1:57 PM
Apple Watch Coming to Target October 18
1:20 PM
The Complete Guide to an OS X Clean Install of El Capitan
1:16 PM
TMO Daily Observations 2015-10-02: Amazon Blocks Apple TV, iFixit Tears One Down
9:02 AM
iPhone 6s/6s Plus: Turning Off Individual Live Photos
Thu,9:14 PM
Apple Reportedly ‘Seals Deal’ on on 777,000 Square Foot Landmark Campus
6:37 PM
Amazon Jumps the Shark and Kicks Apple TV and Google Chromecast off Store
5:51 PM
ChargeIt! Dual-Output Car Charger: $22.95
2:01 PM
TMO Daily Observations 2015-10-01: OS X El Capitan First Impressions
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!