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Warren Buffett Says Selling Apple Stock Premature, But Won't Buy More Now
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Renowned investor Warren Buffett said in an interview with CNBC that his investment flagship, Berkshire Hathaway (BKR.A.US), sold Apple (AAPL.US)'s shares too soon and would buy more of it, but not in the current market environment. If Apple's stock price declines further, he will continue to add to the position, Buffett noted. However, he believed that, even though Apple's share price has fallen more than 14% from its recent peak, it still lacks appeal. Buying in large quantities when Apple's stock price hits a certain level is not impossible, but it is not feasible in the current market, Buffett added. AASTOCKS Financial News Website: www.aastocks.com |
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