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Apple (AAPL) bulls might be interested/relieved/concerned to know the stock's decline was enough...

  • Tuesday, February 5, 3:06 PM ET
    Apple (AAPL) bulls might be interested/relieved/concerned to know the stock's decline was enough to shake Whitney Tilson out of his long position (annual letter). Into 2013, his fund's largest holdings show a decided tilt towards financials - with BRK.B, AIG, C, and GS making the top 5. He's also an investor in Kyle Bass' fund making a big bet on a weaker yen and higher Japanese interest rates.
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This news story has 19 comments:

  • Good for Whitney.Good move.NOT!
    5 Feb, 03:43 PM Reply Like
  • The heard has headed for the door. AAPL will now move up and the heard will start chasing it around $575.
    5 Feb, 03:51 PM Reply Like
  • Whitney Tilson who?
    5 Feb, 04:22 PM Reply Like
  • He's happily buying the financials I accumulated last year with over 30% profits to me. Thanks to him for my profits :)
    5 Feb, 04:28 PM Reply Like
  • I like AIG, mind you. No position yet.
    5 Feb, 04:30 PM Reply Like
  • I like AIG ams well. I have a little and am adding.
    6 Feb, 08:30 AM Reply Like
  • Under financials, AAPL has limited upside movement, at least for the next six months, as compared with financials, which are all waiting to shake free of the shackles tied by the feds. Tilson might put something into AAPL but certainly not to liquidate his financials holdings when they are on the verge of breaking out and soaring. Shorts are still in play and in control.
    5 Feb, 04:51 PM Reply Like
  • Interested/relieved/co... about Whitney Tilson "selling" AAPL stock? Who cares. I would be much more concerned as to David Einhorn's APPL position...he has been a huge AAPL Bull during the last few years.....
    5 Feb, 05:00 PM Reply Like
  • I too am long a bet on Japan. Called DXJ. Up $420 for 8.65% on just 100 shares in 1 month of holding.
    5 Feb, 06:11 PM Reply Like
  • Yen is already falling. Should have shorted it when it was 78 yen/dollar. Now it is 92 yen/dollar. Will likely hit 100 yen/dollar (Bank of Japan's target according to NHK, Nippon Hōsō Kyōkai news). After that, I don't think it will weaken further. Fed won't allow it.

    Never sell just because a stock is falling. Find out why, because it may have hit bottom.
    5 Feb, 08:35 PM Reply Like
  • Ah the contrarian indicators from Whitney Tilson.
    5 Feb, 08:58 PM Reply Like
  • Whitney Tilson, we should remember, went short NFLX at $200 and change, and then closed his short position at $300+. The stock spent the next 3 months plunging to $70. It began its huge fall what seemed like days after he announced he was covering his short...

    So, although he seems like a smart guy and has a decent track record as an investor, he has made some almost perfectly wrong moves in the past couple years.

    Besides, why do we follow these guys? More than 75% of hedge funds UNDERPERFORMED the S&P last year. They are largely followers, not leaders...
    5 Feb, 10:29 PM Reply Like
  • Extra Note: Tilson had a total return last year of NEGATIVE 1.6%, compared the 15% for the S&P 500. Whoops.
    6 Feb, 03:52 PM Reply Like
  • well said
    6 Feb, 04:14 PM Reply Like
  • Didn't Whitney Tilson short NFLX and stay short as it climbed and climbed until it got too painfully high... then he closed his short position near the top, back in 2010? Seems his timing was exactly wrong for Netflix back then also.
    5 Feb, 10:40 PM Reply Like
  • See comments directly above you.
    6 Feb, 04:15 PM Reply Like
  • Tilson provides no value as a manager and is known to copy ideas from his buddy Ackman.

    Tilson blames his shorts for the poor performance but his long performance is horrible too. Tilson co-managed a mutual fund (TILFX) until mid-2012 which is in the bottom 3% for both the last 3- and 5-year periods.
    6 Feb, 08:08 PM Reply Like
  • And he's a fund manager??? I can do better than that. I'll take his million dollar paycheck. That's way more than what I make.
    6 Feb, 08:34 PM Reply Like
  • value vs growth
    8 Feb, 10:55 PM Reply Like
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