“I have a confession to make. I believe Apple stock (AAPL) is going to be world’s first trillion-dollar company yet I want to short the snot out of it,” Keith Fitz-Gerald writes for Money Morning.
“I’m not alone in my thinking,” Fitz-Gerald writes. “Uber investor Doug Kass, general partner of Seabreeze Partners Long/Short LP and Seabreeze Partners Long/Short Offshore LP, tweeted recently that he had covered ‘half his short’ on Apple following the announcement of their dividend and buyback plan.”
Fitz-Gerald writes, “Given that the stock had run up to nearly $608 a share before the announcement, presumably Kass had banked some gains, too.”
Full article with Fitz-Gerald’s “7 Reasons to Short Apple Stock” here.
[Thanks to MacDailyNews Reader “Dave B.” for the heads up.]