decides to dump AAPL? Once it might've been a good stock to own, but now? And at 8+ % of total assets?
Danoff has been paring down the APPL holdings. I hope it will be reduced to no more than 3 percent.
Down to about 4-5% now...
Sentiment: Strong Buy
* Portfolio manager Will Danoff, whose $85 billion Fidelity Contrafund is the largest active shareholder in Apple Inc, trimmed his holdings in the maker of the iPhone by 3.1 percent in December.
He probably is already unloading some of it; if he unloads too much at a time, CONTRAFUND will take a massive % hit. He just has to get the Apple holding down to about 5%; but little by little.
gelty gelty gelt.. hows that move workin out for us shareholders?