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Doug Kass fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

  • How Apple remains a large short position for Kass.
  • How the market is still resistant.

Click here for information on RealMoney, where you can see all the blogs, including Doug Kass'--and reader comments--in real time.

Apple Remains Among My Largest Short Positions

Originally published Nov. 23 at 11:50 a.m. EDT

Shares of Apple (AAPL) - Get Apple Inc. Report are continuing to underperform, recently failing to penetrate $115 resistance, which is the upper end of my projected risk range.

While the company's current quarter will be fine -- aided by Samsung's problems and channel fill -- I don't believe the company will get away with bad execution, aggressive accounting, the absence of innovation and treating customers not so well, especially in the face of competitive products that are superior (Google Pixel Phone, Microsoft Surface Studio, etc.).

Besides my negative secular investment thesis recently spelled out here, there some additional issues:

Position: Short AAPL.

The Good, the Bad and the Ugly

Originally published Nov. 23 at 3:28 p.m. EDT

"If you work for a living, why the hell do you kill yourself working?"
-- Tuco the Ugly" The Good, the Bad and the Ugly"

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The Ugly

I further added to my short exposure today in a quiet, pre-Thanksgiving trading session.

And now it's time to run down "The Good, the Bad and the Ugly" ...

The Good

The Bad

NOTE: There will be no "Takeaways" today!

Happy Thanksgiving.

Position: Long GLD small, SDS large, JCP large; short SPY, CSCO, CAT small, IWM, TLT small.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long CSCO and CMCSA.

At the time of publication, Kass and/or his funds were long/short XXX, 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.