You're crazy if you bought Apple stock today on this guy's advice!

Jeff Reeves from Marketwatch offered this tender nugget to all investors, regardless of their financial condition, wealth, age, gender, or religious affiliation:

If you don’t buy Apple’s stock today, you’re crazy

Well, if you took that advice at the open when there was monster rally, you would have bought it at $111.07 a share. A huge discount and once-in-a-lifetime opportunity to pick up Apple shares on the cheap. After all, since the Monday stock meltdown, Apple stock could only go up. If you thought otherwise, Jeff claimed you were crazy.

It closed at $103.74 and was down further in after hours trading. If I had taken Jeff's advice and sunk my life savings into Apple stock, because you be crazy not to, I would be down $7.33 a share, or 6.5% of my life savings. OUCH!!


Update: Well, all MarketWatch writers aren't drinking the same KoolAid.

No, Apple isn't a slam dunk