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Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.

The Good, the Bad and the Ugly

Originally published Oct. 19 at 4:01 p.m. EDT

Position: Long SDS, GLD, JCP large; short GM, AAPL, F, SPY, NFLX small, CAT small .

" You see, in this world there's two kinds of people, my friend: Those with loaded guns and those who dig. You dig."
-- Blondie in " The Good, the Bad and the Ugly."

I did very little Wednesday.

Markets were higher from the get-go and seemed "stuck" near the highs for the last four hours.

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

The Good

The Bad

  • Intel down $2. I traded in and out on the short side Tuesday night.
  • Big Pharma (Abbott Laboratories (ABT) - Get Free Report ).
  • Consumer staples on a strengthening U.S. dollar (Procter & Gamble (PG) - Get Free Report ).
  • Apple (AAPL) - Get Free Report down on the day ... not really "Bad," but I wanted to point it out.

The Ugly

Ringing Cash Register on Intel Trading Short

Originally published Oct. 19 at 5:42 p.m. EDT

I closed out my Intel (INTC) - Get Free Report trading short rental at about $35.55 for a quick $0.80 profit.

In listening to the conference call it appears that the weakness is mostly in servers (cloud, etc are strong)--so the report should not be devastating to technology

However, I am still maintaining my PowerShares QQQ Trust, Series 1 ETF (QQQ) - Get Free Report trading short rental.

I wanted to add that our subscribers have differing risk appetites and timeframes.

My Intel short rental was strictly for those that are active and fast traders.

My Best Ideas List, by contrast, has a plethora of investment longs and shorts for those with longer investing horizons.

As a practice, I like to trade and invest, particularly in the current market setting, which provides opportunistic trades and longer-term investments.

As Woody Allen once said, "The benefit of bisexuality is that it increases your chance of a Saturday night date." So, too, can trading AND investing provide similar benefits in delivering investment performance!

Position: Short QQQ small

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

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.