According to Jim Cramer, host of CNBC’s Mad Money and co-founder of TheStreet.com, Apple stock’s has “gotten tricky.”
“If you own it, keep it. But don’t go buying it now,” says Jim Cramer. RIght now, “Apple is in no man’s land.”
Watch the video here.
MacDailyNews Take: As we said – just yesterday, in fact – “Wall Street is a game. Play it well or sit on the sidelines watching in bewilderment trying to decipher who’s playing whom and by what, if any, rules.”
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I think not.
If by “don’t go buying it now” you mean “buy it NOW if you aren’t retarded” I completely agree!
yes, please do not buy any shares while I accumulate them prior to the ramp in Febraury
thank you
“RIght now, ‘Apple is in no man’s land.'”
The Isle of Lesbos?
Whatever, I’ve other horses running.
It’s time to buy NOW!!!
I’ve never really understood a “hold” recommendation right now. Either you should be in a position in a stock or you shouldn’t. If you should be in a position, and you aren’t, buy the stock. If you shouldn’t be in a position, and you are, sell the stock. “Hold” basically reflects an emotional attachment to a position (maintain the position because you have the position) that has no place in trading, and with a volatile stock like AAPL, the costs of changing positions (in terms of fees) is trivial compared to the upside/downside implications of holding a position out of inertia.
I’ve tried watching him. Quite an irritating person to watch and listen too. Again, reminds me of sleazy used car salesman from those comedic movies. Who takes this guy seriously?
The bulk of AAPL stock has been in institutional (mutual fund,etc:) hands since the near bankruptcy days before Jobs & Ipod. This week they dumped a big chunk into the market simultaneous with Apple’s record profit filing so they could use the $ to jump into financial stocks that have been beaten down and are likely to get Gov. bailouts soon. The big buyers will be back on AAPL as soon as their other investments cycle around. In the meantime, now is the time for the little people to get in at bargain basement prices.
LoL. Well, glad to see MDN is a sideline sitter….totally bewildered by it all.
The usual MDN words of wisdom as the stock goes down:
“Time to buy!”
MDN – do you even own any Apple stock?
Aw “shux”… yerrite!
“As one lesbian said to the other, you the man.” And I think the reason many lesbian couples look and sound so much alike is that they rub off on each other.
I am with Tom and shux. In fact, sell more to drive the apple price down some more… then i can buy more shares…
On another note…What happened to Google?
Cramer is a jerk, if he knew anything he wouldn’t be doing that hokey show. He would be buying and selling and becoming the next Rupert Murdoch…Apple is still running on all cylinders if you don’t believe just visit any Apple store. Just not on Sat or Sun because you might not be able to get in.
I’ve been waiting for months for such an opportunity. I got in yesterday. Now let’s get back to the 200s.
“Leverage Down” is a neat little stock investors trick that works on nearly any good stock that’s been temporarily knocked down in a panic selloff. If you have a big holding that’s suddenly way in the red, you buy a few more shares at the lower price and then put in a limit order to sell the new shares at a small 2-5% up bounce. The result is that with the bounce, you get your new money back with a tiny profit and you leverage down the buy price of your original investment.
Last week “Skrull” was yammering that the FED should lower interest rates by .75 or 1.00 NOW. Yesterday he calls for investigations because the FED lowered rates. He is a tool.
@ Shux
I imagine you have to have some SERIOUS money to use the “Leverage Down” trick. It does make perfect sense though.
I’m with “Jeff the trader”; I’ve been waiting for a while to get some more AAPL shares, so today I bought a bunch more. I expect AAPL will be back at $200 by the fall, if not before.
In lieu of going to Vegas, I play the stock market. Speaking of gambling, in Moscow do they call it “Russian Roulette” or just “Roulette”?
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” in Moscow do they call it “Russian Roulette” or just “Roulette”? “
Just Roulette. Just like in China they call it ‘food’ and France they call it ‘toast’.
Cramer is an idiot!! He takes credit for all the gains in AAPL, but the second it tanks he says you should have taken profits. I remember him saying to buy at $99, then at $133 he said to sell..at $150 or so he again took credit for recommending the stock….same thing at $170, $180, and $190. He dumbass you said to sell at $133 you don’t get credit for anything above that. He also called AAPL one of his stocks of the year….now AFTER the collapse he’s saying you should have sold. He is a complete IDIOT …nothing more than a glorified snake oil salesman. Oh and don’t forget all this quick selling of stocks gets a 25% tax on gains—–he NEVER mentions this! Prick! Wait when AAPL is back up around $200 again & he’ll be saying I told you to buy at the beginning of the year.
The Isle of Lesbos?
I wonder if that’s where…nope not gonna go there.
ie…continuing the thought not the isle
Buy now and hang on!
“Russian Roulette”
It’s a much different game in Moscow. They make you sing “Putin on the Ritz” until someone else shoots you.
I just added another 175 shares today, hoping for a bounce tomorrow.
The Market in general is heading downward. Apple will see $110 – 120 long before it sees $200 again. Current economic jitters are way beyond Apple’s control. The other shoe hasn’t dropped yet in the Mortgage and Bond markets.
I see what you mean, but if there is sufficient uncertainty on where a stock will go, a “Hold” position makes sense because of the broker’s fee and taxes imposed when you undergo transactions. So it CAN be not worth buying into, AND not worth selling; but in a “perfect world”, no, there would be no logical “Hold” position.
I’m buying another 450 APPL, hoping for a bounce by end 2009.
Actually, by then they should be worth a minimum of $375.
Lets be realistic folks, even with great 2007 the future does not look quite so cheerful for us stockholders. Jobs predicts downturn this quarter and AT&T;indicates that something like 1.5 million iPhones of the 4 million Jobs says were sold seem to be sitting on the shelf somewhere. If the iPhone and iPod sales are slipping then I am holding onto my shares, but I sure ain’t buying more. Well, maybe at 100.
Ampar…you are in fine form today
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I used to like Cramer but I think he is out to lunch lately. All day long on Tuesday the guy was as high as a kite about TJ Bloody Maxx. WGAS. I wouldn’t buy my underwear there never mind invest my 401K in it. I mean when’s the last time M-cubed (MadMoneyMan) even poked his head into a TJMaxx to buy another pink tie or shirt for tv?! Puhlease.
Just bad timing for Apple this week. Unfortunate sequence of events. International exchange meltdown on Monday’s Holiday and Tuesday’s morning surprise and unexpected Fed Rate Cut. “Panic! Panic! Dive! Dive!” After closing one of the most roller-coaster days on the exchanges in awhile here comes Apple front and center with one of the first Earnings that more than the usual number of pundits and wannabees were waiting with baited breath on. Out comes Apple with Blow Away Earnings coupled with some guidance the street just don’t like. What a knee jerk. You would think the Company laid a rotten egg with the abuse it’s ticker took immediately thereafter. Unbelievable.
But to then hear Cramer’s ‘you had your chance with Apple ramble – http://www.thestreet.com/video/index.html?clipId=10400042&channel=Cramer+On+Demand&cm_ven=YAHOO&cm;_cat=&cm;_ite=#10400042 was…just a disservice.
As anyone knows, Apple’s outperformed many other blue-chip tech companies, including Google. Fundamentals, innovation, strategy, product pipeline, 200+ retail stores, $18 Billion in cash, No Debt, etc., all will serve brilliantly in the coming months and years. Investors who stay in the stock will be rewarded as the market’s confidence is restored over time and Apple continues to grow successfully quarter in quarter out.
Meanwhile for those of you who can’t stomach the churn, go follow Cramer to TJ Maxx. http://finance.yahoo.com/q/bc?t=1y&s=TJX&l=on&z=m&q=l&c=aapl&c;=^GSPC&c;=^IXIC&c;=^DJI I’m sure he can find you a bargain or two there.
Personally I know where I’m investing. Out.
I used to like Cramer but I think he is out to lunch lately. All day long on Tuesday the guy was as high as a kite about TJ Bloody Maxx. WGAS. I wouldn’t buy my underwear there never mind invest my 401K in it. I mean when’s the last time M-cubed (MadMoneyMan) even poked his head into a TJMaxx to buy another pink tie or shirt for tv?! Puhlease.
Just bad timing for Apple this week. Unfortunate sequence of events. International exchange meltdown on Monday’s Holiday and Tuesday’s morning surprise and unexpected Fed Rate Cut. “Panic! Panic! Dive! Dive!” After closing one of the most roller-coaster days on the exchanges in awhile here comes Apple front and center with one of the first Earnings that more than the usual number of pundits and wannabees were waiting with baited breath on. Out comes Apple with Blow Away Earnings coupled with some guidance the street just don’t like. What a knee jerk. You would think the Company laid a rotten egg with the abuse it’s ticker took immediately thereafter. Unbelievable.
But to then hear Cramer’s ‘you had your chance with Apple ramble – http://www.thestreet.com/video/index.html?clipId=10400042&channel=Cramer+On+Demand&cm_ven=YAHOO&cm;_cat=&cm;_ite=#10400042 was…just a disservice.
As some know, Apple’s outperformed many other blue-chip tech companies, including Google. Fundamentals, innovation, strategy, product pipeline, 200+ retail stores, $18 Billion in cash, No Debt, etc., all will serve brilliantly in the coming months and years. Investors who stay in the stock will be rewarded as the market’s confidence is restored over time and Apple continues to grow successfully quarter in quarter out.
Meanwhile for those of you who can’t stomach the churn, go follow Cramer to TJ Maxx. http://finance.yahoo.com/q/bc?t=1y&s=TJX&l=on&z=m&q=l&c=aapl&c;=^GSPC&c;=^IXIC&c;=^DJI I’m sure he can find you a bargain or two there. “Pink socks anyone?”
Personally I know where I’m investing. Aapl.
Out.
Cramer doesn’t know anymore than anyone else. He just doesn’t know it louder. He is like that annoying guy in a bar that you just want to punch in the face but you don’t want to hurt your hand on his pinhead.
Now with a rebate check promised by the politicos in Washington, I wonder how much of that money is going to go to a new laptop or “mobile wi-fi device”.
I guess from the look of it I’ll be getting a check for $1800 (married with two kids). How much is that new laptop?
I’m considering buying NOW or tomorrow. It’s cheap. It will bounce back to 2 maybe even 3 hundred in a few years. You can’t make a million dollars on the stocks (unless you invest 900000 on a sure thing – whatever that is) I’m in no rush for my money, hell it’s usualy sitting in a bank earning fark all anyway. May as well give it to Apple. They’ll prosper with my and others support and we’ll all retire early (with new Macs).
Interesting. Apple announced record sales of iPods & Macs this week. True, the rate of growth of iPod sales was lower. How much of that was impacted by the iPhone ? … who knows. Apple will continue to grow this year. Steve hinted that there’s more to come this year… in terms of new products. I’ll probably buy more if it drops to $20 or so.
Cramer
“Those that can,do. Those that cannot, talk about it.”
Buster:
Typically if you do the opposite of what Cramer says, you’ll do just fine.
Man o Man… how quick the worm turns. Cramer praising Apple, Steve Jobs, etc., etc. – he’s the smartest, most handsome, greatest American, etc., etc.
When he says what he said here, he’s a fool, an idiot, and, for sure a moron… and a few obscene characterizations as well.
You all prove your sophomoric utterances and look well, really bad.
Aggggghhhhhh. Just hang on, this toad (Apple stock) is going for a wild ride.
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All the players are starting to weigh in and they all point up. I just wish I could get my cash free more quickly. I know I am going to miss this great cash in. (DARN 🙁 )
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