Brian Kelly Is Bearish On Apple

CNBC Fast Money's Brian Kelly said on

that all the good news are already priced in Apple Inc.

and there is nothing else left. Once the iPhone 6 comes out there is nothing else for Apple, added Kelly. In his opinion, there is not much upside for the stock and that's why he wants to take a short position. He explained that this game is about risk management and with this trade he has a great risk - reward set up. Mr. Kelly sold the stock at around $95 and his stop loss is at $101. In 2012, we had a similar product cycle and a very similar hype cycle and Apple traded close to $100 before collapsing to $55. Brian Kelly believes that the same thing is going to happen again. If the history repeats he would be risking $6 to earn $40.