The Pros Will Tell You When to Take Some Profits

By George Leong for Investment Contrarians

Apple Inc. (NASDAQ/AAPL) was trading at $705.07 on September 21, 2012, and there were talks of the tech giant becoming the first trillion-dollar company in the world. That was then. The stock has since made a steady decline down to below $500.00, hitting a low of $435.00 on January 25; it’s trying hard to hold on and instill investor confidence. The sell-off was driven largely by concerns of soft “iPhone 5” sales. My stock analysis suggests that the profit-taking in Apple shares is not a surprise, given the stock’s enormous run-up in share price and the fact that rivals are clawing at the door.

My stock analysis indicates that ownership by institutional investors shows a 0.76% net sale of Apple stock over the last quarter-to-quarter, representing 4.8 million net shares sold by institutions, according to information by Thomson Financial.

Read More: http://www.investmentcontrarians.com/stock-market/the-pros-will-tell-you-when-to-take-some-profits/1345/

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