“Apple used to be a stock that you could buy into every dip without fear, but times have changed, Jim Cramer said Wednesday,” Michelle Fox reports for CNBC.
“Issues that the “Mad Money” host never cared about when Steve Jobs was alive—like the recent chatter about weak tablet sales and concern over demand for the iPhone 4S—now can’t be easily dismissed, he said,” Fox reports. “That’s because when Jobs was alive, Cramer knew there would always be terrific buying opportunities ahead of the ‘next big thing.'”
Fox reports, “‘I want to be able to say that the plans put in place by Steve Jobs, perhaps America’s greatest industrialist, are so amazing that you can back up the truck in every hiccup for years to come,’ Cramer said. ‘[But] I can’t dismiss these minute Apple data-points as irrelevant anymore. These days, it would just be too glib.’ Therefore, Apple (AAPL) is no longer a given. And right now he’s waiting to buy because he thinks better prices are coming.”
Read more in the full article, with video, here.
[Thanks to MacDailyNews Reader “AfriendofApple” for the heads up.]
Jim Cramer is a proven idiot time and time again. I back up the salt truck when I listen to his advice.
Apple is down $13 so I guess he must know something. He’s a loudmouth but it doesn’t mean he’s wrong. He has made more money investing than I’ll ever make. How about you? Are you a professional investor?
Jim Cramer is a stock manipulator.
He doesn’t know how to invest wisely, he knows how to hammer down a share price by fomenting the market, buy when it’s real low, then sell when it recovers.
Some choice quotes from the esteemed Mr. Cramer:
“You can’t foment. That’s a violation. You can’t create yourself an impression that a stock is down. But you do it anyway because the SEC doesn’t understand it. ”
“This is actually blatantly illegal, but when you have six days and your company may be in doubt because you are down, I think it is really important to foment. If I were one of these guys, foment an impression that Research In Motion isn’t any good, because Research In Motion is the key today.”
“It might cost me $15 to $20 million to knock RIM down, but it would be fabulous because it would beleaguer all the moron longs [investing in RIM’s success].”
“It’s important to get people talking about it as if something is wrong with RIM. Then you would call the [Wall Street] Journal and talk the bozo reporter on Research in Motion and you would feed that Palm has got a killer it is going to give. These are the things that you must do on a day like today. And if you are not doing it, maybe you shouldn’t be in the game.”
Note that this was from back in 2007, when RIM was still hot. Not the shambling corpse that it is today. And now some of Jim’s thoughts on Apple:
“It is very important to spread the rumor that both Verizon and AT&T have decided they don’t like the [iPhone]. It’s a very easy one to do. You also want to spread the rumor that it’s not going to be ready for Macworld”.
”And this is very easy, because the people who write about Apple want that story. And you can claim that it is credible because you spoke to someone at Apple, because Apple isn’t in [a position to comment on unannounced products]. It is an ideal short.“
And there are more quotes in the full article. He’s got a long history of doing this to Apple, by the way. His latest is just more of the same.
You don’t really make any sense. He expresses an opinion. That’s his job. I hate to say it but he is correct most often. You seem to be one who, like many on this board, rant and complain about any analyst that has anything negative about Apple. Today Apple tanked. Many analysts still recommend Apple. So are they good analysts? Some analysts are cautious about Apple. Are they scum? And oh, by the way, Cramer still recommends picking up Apple if it drops more. So now what is he? I have never heard Cramer say he spoke to someone at Apple. I’m sure you are well intentioned but I’m afraid you are not knowledgable about the stock market.
“You don’t really make any sense.”
Hahahaha!
I accused Jim Cramer of being a lying stock manipulator, then backed it up with direct quotes from Jim Cramer himself validating that he’s a lying stock manipulator.
Now, obviously you don’t like the reality about your investment buddy Jim, but that doesn’t really mean you can go around ignoring it and pretending it doesn’t make sense when it’s pointed out to you. I’m sorry. If you’ve got a problem with Jim Cramer being a (self-admitted)crook, please take it up with Jim Cramer.
“He expresses an opinion.”
No, he tells people to illegally foment the market. He teaches them in detail how to illegally foment the market. And he illegally foments the market himself.
“I hate to say it but he is correct most often.”
No duh. It’s easy to be correct about the market often when you’re manipulating it.
“Cramer still recommends picking up Apple if it drops more.”
Why wouldn’t he? That’s how the game works – you float some negative disinformation about a company so that their shares will drop, snap up the shares while they’re cheap, then cut off the negative disinformation so the share price will rise back up. Thus you profit.
Although I’m not sure why I’m explaining this, considering Jim already explained it so well.
“So now what is he?”
A crook. Still a crook.
“I’m sure you are well intentioned but I’m afraid you are not knowledgable about the stock market.”
No, since I don’t like stock manipulating crooks, I’m actually not well intentioned at all towards Jim Cramer or his acolytes and PR flacks. As for how the stock market works, I’m merely describing it the same way that Jim describes it.
So you’re saying Jim Cramer isn’t knowledgable about the stock market. Irony, thy name is Weekend.
Irony? Weekend? Im not sure of the connection? Then, forment is not a widely used word in the U.S.. A word that you seem to be fascinated with. You seem to have an agenda regarding investing. I do not. I try to think rationally and not let petty annoyances affect my ability to invest my money. Geez, you actually think he is powerful enough to manipulate the market? You need to expand your market horizons. Sounds like you must watch him a lot. Try Bloomberg,WSJ and books. As I said, you are not knowledgable. But you can become so. Turn Cramer off and read. It will do wonders for you. Might even help with all that angst too. You sound angry.
He is a liberal-brain-dead-drone. That says it all.
Hey! That’s not nice. I’m a liberal, and my brain is still functioning pretty well for a 57 year old.
So i guess everyone you disagree with is a brain dead liberal?
That explains a lot about right wing thinking and just supports all my theories about people like you.
X2! Another anal yst…
Even if true, I notice that Mr. Cramer makes no mention at all of NOT buying aapl. So really it’s just business as usual, and the game is always figuring out the best times to buy and the best times to sell.
Said rather well. It is about buying and selling. It isn’t about being a fanboy. The AAPL today is not the AAPL of 6 months ago. And Steve Jobs is only a small part of that. Competition,wether or not fanboys want to admit it, will never go away. The new Kindle is going to be a little competition for the iPad. Fact. Android phones, good or bad, are selling like hotcakes. Fact. The economy sucks! Fact. I’m not happy but I will buy more when, not if, it drops further. Remember, all companies have their ups and downs. Apple is no different. most of all remember that it’s the iPhone 4S. I bought two. I like it very much. But it isn’t the 5! And regardless of how much fanboys defend it, it’s still just a newer iPhone 4! A new phone (form factor) would have helped out a bit here but still and all AAPL is slowing. Unfortunately that is a fact. It’s ok, AAPL will do fine but don’t look for any appreciable growth until next summer or fall whenever the 5 comes out. It’s just a company it’s not your friend. They make stuff. Great stuff indeed but it’s not your buddy. It’s not your pal. They don’t know you or care about you. They care about one thing……… profit. That’s their job. And they excell at it. Grow up. Ya need a friend? Get a dog!
The iPhone 4S shows me that Apple’s innovation bank runs low on funds whenever Steve Jobs isn’t around to supervise things. The last time he was sick and took extended leave the bozos introduced the 3GS. It’s as if the innovation machine stops working when the great magician isn’t there. Cook’s innate approach is to go with what worked with minimal design changes because that impacts least on manufacturing cost. He’s a supply chain wonk, not an innovator. The 4S is an extension of his conservative approach of changing things incrementally so he doesn’t rock the boat by betting big. Cook’s a consensus builder. You need to be a kick ass visionary to be able to bend the future to your will.
The fanboys of course will lap up any rubbish Apple puts out because they can’t see the woods from the trees.
FUD FUD FUD FUD!
FUD DUD DUDE.
Bud, I’m just as invested in Apple as you but I gotta open my eyes and look at things objectively. Not meant to hurt your feelings, just my take on things. Peace out brother voyager.
Biggest double turd on this board is BLN. Why? Because you spin the facts like cramer does to suit your needs. Not that anything you say is ACTUALLY going to have any effect whatsoever. Just that you try to do this more often than not. You have no Apple Shares and you have no Apple products.
To actually believe that Steve would not have introduced the 3GS and the 4GS is a bold faced lie. SJ was working on his last day on this earth. Ask Softbanks CEO……who reported that while meeting with Tim Cook on the day before SJ died, Tim had to leave to go and meet with SJ……only hours before he died. SJ was running the company from the hospital bed and his death bed. He knew everything about the 3GS and the 4GS. And just to let you know, the 4GS is absolutely fantastic.
You’re full of it, as that outburst revealed. if you were spouting facts instead of opinion, you wouldn’t have taken all that so personally. What I don’t understand is- if the 4S isn’t selling, how come people are raving about it and I’m still f’n waiting for mine to arrive?….
a little education is a dangerous thing….
but even worse are those who look but refuse to see.
There’s no app for that.
Actually I believe that it was technical problems , not Steve Job’s absence, that gave us the 4S rather than the 5. They would have given us the 5 but screen problems , and other things, pushed back the 5. Thus we have the 4S. Don’t blame the lack of the 5 on the lack of Jobs presence. He was involved up to the very end in all things especially the 5. If it could have been delivered this year it would have been. Period. In fact don’t blame anyone. Apple puts out the best products on the face of the earth. If the 5 isn’t available now it’s because it isn’t ready not that the new “crew” isn’t Steve Jobs. It will be presented to the public when it is ready and not before. If you want half ass phones buy a Nokia. Steve Jobs was in charge during the last year. Period. If the 5 could have been finished by October I would have one in my pocket right now. He decided to release a better iPhone 4 until the 5 is ready. Period. You can bet your ass that he made that decision not anyone else. Do you follow AAPL? I’m guessing that the 5 will be ready by June. That ensures that they can continue to make more money on the iPhone 4 form factor. And that saves them a ton of money in production costs. And even though they would have liked to have brought out the 5 there’s nothing wrong with making even more profit by milking that margin. It had nothing to do with Steve Jobs. Geez, people need to let it go. Move on. Next thing will be how the look of the new BMW 7 series sucks because Steve Jobs is dead. He’d tell ya to mind your own business,think for yourself and leave him alone!
What would the technical problems be other than a timidity to move the form factor to the next step. How would Steve be involved in the decision when he’s delegated responsibility to Cook to introduce the product which was delayed by 4 months probably to see if Steve could introduce it and provide his input. But it’s clear to me going by the biography that his input was limited which led to a decision being taken to maintain the present form factor and not push the boundaries forward. When HTC and Samsung can iterate their phones within a span of 3 months and Apple releases an unchanged model in 16 you have to think whether overriding cost concerns outweighed innovation. I think they took a step back and thought that they could coast on a pre-existing design, much like what BlackBerry has been doing for years.
It’s not the form factor design that limits iPhone sales. It is the constraints on manufacturing and the limits on distribution via carrier deals. Introducing a 5 at this time may not have made much difference in sales but would have a negative effect on earnings because of the costs involved. So, in theory, the stock will be better off with the 4S – sales will double from the previous year and profits will continue their relentless pace upwards.
I do agree that “sentiment” and consumer excitement would be heightened by a new form factor (IF it includes a bigger screen with similar dimensions for the phone overall) putting that off until next year doesn’t seem like a bad move.
The bigger changes of course are with the software which got several major improvements with iOS5 putting it farther ahead than other OS’s in my opinion. That’s where the innovation is.
silly amateur talk.
Have you never heard of the tick and the Tock strategy?
Ask Intel.
Ask Apple about their variations on the classic dance moves.
Silly.
Man, are you an idiot. Changing the form-factor with every iteration is a waste of money. Do you see Porsche, BMW, Ferrari, et al, changing their form-factor with every model year?
The iPhone 4/4S is a beautiful design. Just because they didn’t make it a new shape doesn’t mean they didn’t make important leaps forward.
You prove, with every post of yours, that you are not worth paying any attention to. So, that’s what I’m gonna start doing, ignore you.
Better to remain silent and be thought a fool than to opine and remove all doubt. And you are CLEARLY a fool.
What a crock of shit. Try to engage some brain before opening your pie hole. The iPhone iteration of x to xS is clear, was clear, will be clear in the future to anyone with half a brain. The 4S was due, and that’s what shipped. Sorry you didn’t get your 7″ screen. Get over it.
And you’re comparing Apple with HTC and Samsung? What, Apple should make models that are obsolete every three months to keep up with the shit vendors?
… or “innovate” anything! He pointed the inventors and the innovators in the direction he wanted them to go, then told them when they’d arrived.
And this is a difficult, important, skill set.
Please do not be TOO harsh on Job’s successors as they work at building their like skill set to emulate his.
You will lap up any rubbish! On Nov 8, Jim Cramer warns about AAPL stock. November 9, Jim Cramer’s column screams “Buy AAPL”! Stop insulting us. you are rude!
@BLN – You are an idiot. Steve Jobs was definitely involved in the creation of the Apple 4S so that puts your whole disingenuous, stupid, rambling blathering to a simple dumb and obvious agenda. The next couple of YEARS product line will still have Steve Jobs stamp on it. He’s barely cold in the grave and you attribute current products to Tim Cook? Go away as your irritating analytical skills are on the level of PeeWee Herman. You need a muzzle as you offer nothing but FUD. Lip flapping moron.
Way off base. The 3GS and 4S were planned by and with Steve.
You really do talk utter bollocks. Jony Ive is the designer, and he hasn’t suddenly gone on holiday. Don’t you understand that the iPhone ecosystem involves all the accessories that third-party manufacturerers produce as well, and keeping the same form factor across successive models keeps owners happy, and the manufacturerers happy, because they don’t have to keep pissing around changing designs and spending large amounts of money on new tooling and mouldings. I have a screen mount for my iP4, and if I get a 4S next June, or a 5 in September, (should Apple stick with that release date), then I want the phone to fit it, and any other accessories. It’s all about what YOU want, ME ME ME ME ME. Change the record, you’re boring me.
Is there a 5? What do you know what is coming next. Nothing. Just another analyst plugging words, BS
Grow up yourself. You are being conned by a crook.
Silly.
Apple is growing on all platforms except the iPod which is slowing because of being gradually embedded into other devices.
Mac sales are going to grow enormously, in China especially, but elsewhere too.
iPads sell very well.
iPhones (3 varieties) are flying out of the shipping boxes – there’s no time to stack them on the shelves.
Where do you come up with such nonsense?
concern over demand for the iPhone 4S
As in, how can Apple possible fill it?
-jcr
Exactly! At least on My planet…
Again, Cramer shorting Apple, to line his pockets.
*cough* Charitable Trust *cough*
Seriously, you guys are such idiots.
The more I learn of apple the more confidence I have in the team even without Steve guiding them. It’s built in to Apple for years now. There are amazing things ahead and it will be exciting to see the new products unfold and another analyst will be forgotten.
What a two face. He just recommended buying the stock two days ago.
And he likely sold and shorted it yesterday.
No. No he did not. I watch fairly often and you are wrong. But then, you know he didn’t recommend buying two days ago. I don’t follow his advice strictly but you can gain insight into the market by watching and reading enough resources.
He is one of many I use. But again, you know that he didn’t put out a buy on AAPL. You simply made up some shit that you thought you
could throw out there and see if it sticks ? Didn’t work. Try on a lesser informed board. Well, actually it probably did stick on the fanboys. But what’s new about that?
He’s a stock analyst. This is not to be confused with a thinking, caring, or decent human being.
That’s not fair. I’ve met many stock analysts in my career, and many of them are all of the above. They’re not the ones you see on TV flogging their “newsletters”, though.
-jcr
A likely prediction:
Amazon will sell about 3 to 4 million Kindles by the end of the year and its share price will rise 20% despite losing money on every unit.
Apple will sell about 15 million iPads in the same period with close to 40% profit on every unit and the share price won’t increase at all and will very likely fall further.
Who wants to invest money into Apple when it doesn’t return any significant amount of money to shareholders no matter how many products it sells at profit? No doubt Apple will have huge amounts of revenue but it will never reach investors’ hands.
Apple share gains are no longer a given no matter what the company does. If I put a rumor on the internet saying that consumers were returning the iPhone 4S in droves, I could drive down Apple shares by 4% before anyone bothered to check the validity of the story. That’s because Apple shareholders are always ready to unload the stock since they no longer have any faith in the leadership of the company.
Apple bulls should be prepared for a major tumble even during this holiday quarter as the Kindle Fire becomes the #1 fastest-selling tablet on the planet eclipsing all iPad sales records.
Its obvious you are not an investor at all. People can debate whether Apple is undervalued, but it has maintained a consistent multiple.
When Apple doubles profit over the next 12 months, Apple’s stock will double, just like it did over the last 12 months.
And when that happens the “jobs is going to die” risk discount will dissipate as well.
“TheWIseInvestor” is a troll.
And how much has Amazon done in dividends and buybacks? Zero.
If Amazon has blowout sales on the Fire, thiey will have a big earnings miss for Q4.
They plan to sell it through retailers, which means that they will have a loss of about $50 on each one they sell though Target, Walmart, etc. Since Amazon’s total net Margins on the products they sell is about 2%, the Kindle Fire sales would have to generate about $10 billion in sales to offset the loss $200,000,000 loss on the sales of 4 million units (worst case). Many of the Fire buyers are frugal -looking for a bargain. Not likely to be big spenders so that Amazon quickly earns back its losses o the other items
Dear High School Jr.: ass meet elbow, elbow, ass.
Do some work and look at aapl price behavior over time, read about the rumors, they are not new. While the far east rumor generators may be out of the reach of the sec, if you are a scrub doing that here (US), watch out.
Wise investor? I’d rather chew wasps than take any advise from a halfwit like you.
Cramer? That King Moron of morons? Mr. Buy-Bear-Stearns? Why this fool is still on CNBC is one of the great mysteries of the universe. Calling him a clown is a compliment.
“[But] I can’t dismiss these minute Apple data-points as irrelevant anymore. These days, it would just be too glib.’”
Say what? “too glib”?!? Anyhow, those RUMORS are not “data-points”.
Cramer is a crook. Just read deepcapture.com for the background. It’s an engrossing read.
ANALyst. Can someone explain how I can get a job as an ANALyst? I mean you can’t get fired for being a complete tool. That’s a cool job.
Cramer FUD attack…
And yet Apple remains one of the few companies that THRIVES during our ongoing economic depression/slothful recovery. That hasn’t changed! So go get bent Mr. Cramer! 😛
“And right now he’s waiting to buy because he thinks better prices are coming.”
And oh look what happened today:
AAPL 395.28 -10.95 (-2.70%)
It’s called MARKET MANIPULATION. How many did you buy Mr. Cramer?
Of course it’s Market Manipulation. That’s the whole game!
Windows 8 is looking promising, not for everyone, but for people who need to get real work done, i.e. serious work on word processor, spreadsheets – and not just getting it done on the Pad, but transferring it seamlessly to the Desktop.
If that paradigm takes off for tablets/pads, and Apple insists on sticking to its mantra of pads being mainly for consumption, then history could repeat itself. Remember, Apple had the lions share of the desktop market before the IBM PC.
I’m an Apple fanboy, with 15+ Apple Mac/iPhone purchases but I’m waiting to see how Windows 8 goes on the tablet.
Remember, arrogance and pride come before a fall, and if there’s one thing the current Apple has bucketloads of, it is pride and arrogance.
Another fake fan.
Go and try make up something believable…..idiot.
‘Cause Microsoft is soooOOooo very, very humble. LOL
You 12-year-old moronic fake- just what is it you consider “serious work” again?
Only Windows users use the word “fanboy.”
Here’s to the crazies- the good ones, not the idiots.
1) Cramer is very good at what he does, but Warren Buffett is better. When stocks go down, Cramer gets nervous. Buffett starts getting really bullish. Buffett has invested over 24 billion in new equity positions in the last few weeks. Cramer blinked. Buy Apple.
2) Re: “Windows 8 is looking promising, not for everyone, but for people who need to get real work done, i.e. serious work on word processor, spreadsheets – and not just getting it done on the Pad, but transferring it seamlessly to the Desktop.”
There is plenty of heavy duty work done on Macs. The Physics boys at the Cern Super Collider and at Livermore Labs in California use a lot of macs. There are plenty of macs in place at major corporations with open minded IT departments. Word and Excel run nicely on macs. Some say better than PC’s. There’s a case to be made that the real work on PC’s has to do with cleaning out viruses daily, weekly, and monthly.
I love Apple but they have NEVER had a ‘lions share’ of the desktop market.
Have any of you watched his show from the beginning? It states” for entertainment purpose only”. I have watched him for years. It’s scary but he is pretty good!
Hey BLN,
Apple has been on a revolution/evolution cycle with the phone since day one.
And if you think Steve wasn’t aware of and actively approved of each model, you are seriously deluded. But really, keep helping Cramer with the “Pump & Dump”. I’m sure he appreciates it.
All the investor talk. To me, Apple is about creativity and user-friendliness. 4s is all about Siri, a typical Apple blue-ocean revolution. Anyone else doing anything one tenth as fascinating or profound? No. It’s not about share prices to millions who are not stockholders. Apple products are fun, enormously useful and reliable. I teach Sony engineers business English in Japan, and they look so depressed. That SJ walked on stage and unveiled the form of phones to come, and tablets as well – man, that’s timeless. Remember, it was never about money-first for him. Why should it be for us?
Jim Cramer? Same @$$hole who said “economy is strong, there’s nothing to worry about, buy,buy, buy!” one day before the financial deblacle?
I’d be more worried if other stocks weren’t going up and down right along with it, if not worse.
I remember watching Jim Cramer’s cable show one time and he said don’t buy aapl and gave a blow by blow account of what was gonna happen over the next few days.
Only no one told aapl stock and it never went down and then bounced back like forecasted by Cramer. It just went up, up, up!
While the sentiment of wanting people to buy low and then watch it go high is appreciated… So is being right!
All you asshats complaining about their not being a new form factor “5” are full of it. Even if a 5 comes out doesn’t mean it has to be physically different UNLESS screen size changes or they move the relatively few buttons on it around. Apple knows you don’t mess with a good design unless there is a specific reason.
There will be a 5 and there will be a 5S before the 6. Its the way they do things, Design something new, then design a interim product to improve on it even more before the next leap forward in features. The 3GS and 4S were not a afterthought. Wouldn’t suprise me if there is 2 engineering teams on it. One for the next best thing and another for current product improvement.
Personally if they keep the iPhone EXACTLY as it currently is would be fine. Of course I realistically know they will have to make changes if they go to a larger screen, but doesn’t mean the form is not perfect as is. Some people though willnever be happy unless they can clearly show they have the newest version and if they don’t change the form then what do they have to show off with… asshats.
Get real.
Jim Cramer…the guy who said on his show that the Blackberry Bold was “the new babe magnet”. What he meant was,,,buy RIMM and sell AAPL
Cramer is a crook who manipulates his audience while he makes millions investing opposite to his advice. He has spread lies about Apple before.
Cramer’s advice in his column today, Nov. 9 “Buy AAPL!”
Get it kids? Trash it one day. Buy it next day. He is a lying crook!
Virtually all of the comments regarding the Cramer show are full of emotion and short on facts.
Cramer did not say to sell Apple. He said that investors shouldn’t be complacent and just assume that negative rumors about Apple are false. Rumors have been swirling around in recent days (weak iPhone demand, component shortages), and Cramer says to pay attention to those — not that the rumors accurate, but that they MIGHT be.
Many investors were blindsided when they believed rumors that an iPhone 5 was coming out and ignored rumors to the contrary because they became complacent and would only give credence to positive rumors.
Cramer put investors on alert. That’s all. Go back and read the linked article (http://www.cnbc.com/id/45230328) instead of reacting to your own biases and fears.