Are Billionaire Investors Bullish or Bearish Apple?
With so much chatter about Apple , it seemed like a good time to parse through the 13F filings and see how the big boys are positioned.
As it turns out they’re split. They are still plenty of Apple bulls but there are plenty of Apple bears too. See for yourself:
|Dan Loeb||Added 150,000|
|David Einhorn||Added 525,000|
|Steve Mandel||Added 450,000|
|Paul Tudor Jones||Added 365,000|
|George Soros||Added 248,000|
|Eric Mindich||Sold 450,000 (out)|
|Steve Cohen||Sold 450,000|
|Ken Heebner||Sold 1.04M|
Considering they’re all smart guys, who’s got it right? How should you position?
Instant Insights with the Fast Money traders
I'm bearish, says Guy Adami. Since Steve Jobs talked about margins the stock hasn't done much. And if the tape rolls over I think Apple goes down with it. I suspect it trades down to $285.
Not enough of their sales come from overseas, says Tim Seymour. Their overseas sales number has to get a lot bigger before I can say Apple has more upside.
The 50-day is $295 and the 100-day is around $275, adds Pete Najarian. If the stock pulls back the way Guy and Tim says it will - I'm a buyer.
I'm long and I plan to stay long, says Karen Finerman. I'm not worried about a move lower; if it comes I suspect it will be modest. I don't find valuations to be stretched.
I wouldn't bet against Apple into the holidays, says Simon Baker. I'm also a buyer on weakness.
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Trader disclosure: On November 16th, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (BAC); Seymour is short (FCX); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman owns (BAC); Finerman owns (JPM); Finerman’s firm owns (WMT); Finerman and Finerman’s firm owns (JCG); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (IJR); Finerman's Firm Is Long Russell Puts; Finerman's Firm Is Long S&P Puts; Pete Najarian owns (BAC); Pete Najarian owns (SLV) and call spreads; Pete Najarian owns (CNI); Pete Najarian owns (F) Bonds; Pete Najarian owns (FIRE)
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