Brian Kelly Is Bearish On Apple

CNBC Fast Money's Brian Kelly said on the show that all the good news are already priced in Apple Inc. (NASDAQ: AAPL) 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.