Saturday, May 05, 2012

Warren Buffett on $AAPL and $GOOG

Warren Buffett says that $AAPL and $GOOG are too risky for Berkshire. But, he says, "I sure as hell wouldn't short them either."  He added that he wouldn't be surprised if both are worth a "lot more" in ten years.  

Both stocks have had great growth. What do you think?  Buy and hold or sell in May?

I think the summer correction has a ways to go.  No need to initiate a position in anything at this point.  Of course, if one has a low cost basis maybe it doesn't make sense to cash out and incur a huge tax hit.  In addition, many folks have made a ton of money over the long term by holding winners and letting those winners run.  But, I'm just not sure about initiating new positions at this point, right

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