Says AAPL is grossly undervalued and they went from reduced 4Q position back to "FULL ALLOCATION" as of two days ago.
Long aapl/short goog = trade of the year.
thats the same Bill Miller who bottom fish Fannir and Freddie ,AIG and Citi and Wachovia after 2008 meltdown
long appl short goog
He's also bullish on the new secular bull market.
He'll probably do well. But it may be a slow climb back up for Apple Stock... as in it may not reach $600 a share till the Fall.
Or it may reach 800.
That's only 6 mos.s from now -- you call that slow? Give me a break.