January 14, 2009

Steve Jobs: I’m still right – don’t sell your stock.

So big news today that Steve Jobs is taking some time off to focus on his health – at least until June – and everyone is going absolutely apeshit.  Here’s the letter that Steve sent to all Apple employees:

Team,

I am sure all of you saw my letter last week sharing something very personal with the Apple community. Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.

In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.

I have asked Tim Cook to be responsible for Apple’s day to day operations, and I know he and the rest of the executive management team will do a great job. As CEO, I plan to remain involved in major strategic decisions while I am out. Our board of directors fully supports this plan.

I look forward to seeing all of you this summer.

Steve

So, you might remember my rant about Steve Jobs’ health and how everyone needed to stay cool.  My advice then was to NOT sell your stock based on the news.  My advice is STILL not to sell your stock.  Like I’ve said before – if you’ve got Apple stock you’re in this for the long haul, it’s a waiting game now.

Even the Scobleizer agrees with me (or maybe I agree with him… the Scobleizer is kind of a BFD), “It’s too late to sell your Apple stock. If you sold it today, you are a genius. But tomorrow? You’ll be the biggest loser.”  Check out his full post here, if you don’t believe me (because I am only a SFD or MFD) you should definitely believe him!

(Scobleizer and Apple)

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