Let’s keep an eye on this, shall we?
Doug Kass runs a small hedge fund called Seabreeze Partners and a tip sheet with Jim Cramer called Real Money Pro.
On Monday Kass tweeted to his 89,000 followers his recommended trade of the week: Short Apple at $99 a share.
“I view Apple as a ‘value trap’ that’s overowned and overvalued relative to its likely reduced earnings expectations,” he wrote on Monday’s Daily Diary. “I continue to believe that Apple won’t eclipse its fiscal-year 2015 earnings for several years.”
Two predictions: One short term, one somewhat longer. I want to keep an eye on both of them.
Click here if you want to try Kass and Cramer’s Real Money Pro FREE! for 14-days. How much does it cost after that? The site doesn’t say.