With shares below $600, Apple (AAPL -1.4%) bear Doug Kass has decided to take a small trading...

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

With shares below $600, Apple (AAPL -1.4%) bear Doug Kass has decided to take a small trading long position. Kass thinks his concerns are now baked in, and expects Apple to hold its 200-day moving average of $588. Meanwhile, Apple's usual defenders on the Street continue praising its management overhaul (I, II): JPMorgan is relieved Jony Ive is sticking around, and RBC argues John Browett's removal was necessary in light of how he alienated retail workers. (earlier) Update: Kass says he sold half his long position at $601.