Apple: Analysts Say “Buy” While Insider’s Sell

Sat, May 19, 2012

Buy Apple Products while insider

 

Put up another strike against the Apple (NASDAQ:AAPL) stock bulls column.

In addition to all the reasons we’ve identified in Five Reasons Why Apple is Not a Buy which include overoptimistic analyst optimistic earnings Buy Apple While Insiders Selltargets, aggressive analysts trying to top each other in who-can-be-more-bullish-on-Apple game, their share buyback announcement (which, contrary to conventional Wall Street groupthink is bad), and the imminent failure of Apple TV…

Apple: Analysts Say “Buy” While Insider’s Sell

This week we learned that one of Apple’s top executives has nearly sold out of all his stock.

PCMag.com reports in Apple’s iOS Guru Sells Off Huge Share Stockpile:

Apple software guru Scott Forstall sold 95 percent of his current shares in the company on Friday, according to media reports. Forstall, Apple’s senior vice president for iOS software, sold 64,151 shares at prices between $601.24 and $604.84, raking in $38.7 million.

Granted, a $38 million is tough to pass up for anyone. But in this case, it’s just another warning sign.

After all, Apple shares have flown higher over the past few years. And one insider who knows the company extremely well and its future plans even better (he’s leading the programming of them!) sells out 95% of his position, it’s clear he sees an opportunity to take profits.

As we’ve been saying here at Contrarian Insights for months now, if you hold Apple shares, you should take some profits too.

When everyone who is going to Buy A Stock has bought and there’s no one left to buy, there’s only one way for shares to go.

We’re certainly lonely in our opinion of the future prospects of apple stock prospects.  But when it comes to investing, it’s good to be lonely.

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