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Apple is down 30% from its peak. Should you sell or not? In this video, Jeremy Phillips makes the argument to hold on. Drawing a parallel to Netflix, Jeremy argues that selling now will simply lock in your losses. Netflix investors who sold because the stock declined missed out on a great rebound. The only reason to sell Apple or any other beaten-down stock, he says, is if you think the company's fundamentals have significantly changed.
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.