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.

Austin Smith and Jeremy Phillips own shares of Apple. The Motley Fool recommends and owns shares of Apple and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.