Subject: Re: Apple
Isn't he just playing the percentages?

If the stock gets ahead of his estimate of intrinsic value and he starts selling how is he to know that "irrational exuberance"will continue with further unjustified mutliple expansion?

I'd be more concerned if he rode it all the way up and down again, no?

He's selling into a toppy market and now has cash to deploy elsewhere.