Apple vs. Microsoft as a hedge on short bets

"We're getting afraid of heights,"  says James Chanos about Apple. "It has had an enormous run. Something about it is holding us back in that it's had such a run." The esteemed manager, who made his name as a savvy short seller, is not shorting the stock. In addition, The fund manager says that right now he does prefer Microsoft to Apple as a hedge against his other short bets on tech firms. Article