Doug Kass says he has taken up a "small short position" in Apple (AAPL -0.3%) given that the...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Doug Kass says he has taken up a "small short position" in Apple (AAPL -0.3%) given that the stock is “trading at an historic premium to any of its moving averages” (Tiernan Ray of Barron's provides the numbers) and shares displayed weakness after disappointing ISM results. Kass was on CNBC last night with more of his short selling ideas.