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NEW YORK (Real Money Pro) -- Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.

An Important Apple Question

Originally published at 11:55 AM EDT on September 18, 2015

I've been adding to my short of Apple (AAPL) - Get Apple Inc. Report over the last two days and have one key observation to make.

I notice that the upcoming iPhone 6s is still available for pick up on launch day.

When was the last time a new Apple product wasn't sold out for the launch?

Position: Short AAPL (small)

Long Trade of the Week (Early Edition)

Originally published at 11:29 AM EDT on September 18, 2015

Here is next week's "Long Trade of the Week" in advance:

I'm buying Bank of America (BAC) - Get Bank of America Corp Report at $15.55.

TheStreet Recommends

See my recent posting My Bank-Stock Strategy for an explanation as to why.

Position: Long BAC

Closing My Facebook Short

Originally published at 10:38 AM EDT on September 18, 2015

I put on a paired trade earlier this summer of going long on Twitter (TWTR) - Get Twitter, Inc. Report and short on Facebook (FB) - Get Meta Platforms Inc. Class A Report.

I later covered FB for a $6 profit, then re-shorted the stock at around $89-$90.

Well, I've taken off the Facebook short today at a $4 loss. Call it risk control.

Position: Long TWTR

Must Read: Warren Buffett's 7 Secrets to Dividend Investing

At the time of publication, Kass and/or his funds were long BAC and TWTR and short AAPL, although holdings can change at any time.

Doug Kass is the president of Seabreeze Partners Management Inc. Under no circumstances does this information represent a recommendation to buy, sell or hold any security.