Steve Cortes: Why I Shorted Apple Today

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Fast Money trader Steve Cortes defends his decision to short Apple stock this morning at $595 per share. Sanford Bernstein’s Toni Sacconaghi argues the stock is still cheap compared to its earnings, but he concedes there could be a short-term pullback.

Melissa Lee anchors a fast-paced discussion among four professional Wall Street traders. An hour after the bell Fast Money hosts one of the best trading discussions of the day.

Video © and provided by CNBC.

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