By Jim Karpen on Tue, 02/24/2015
I hope you have some shares of Apple stock, because it just keeps going up. The stock closed over $133 on Monday, giving Apple a market capitalization of $775 billion. That's more than double the market cap of Exxon Mobil, the next highest stock, at $346 billion. According to the Wall Street Journal, this doubling is a rare event, and the last time it happened was 30 years ago when IBM doubled up on Exxon. Earlier this month Apple was the first company in history to exceed $700 billion in market capitalization. Apple stock is up 19 percent in 2015. I hate to say it, but now might be a good time to sell. Everyone is bullish on Apple, and that's typically a good time to cash in. The time to buy is when everyone is dumping a stock, as happened with Apple during the crash in early 2009.