Cramer: You had your chance with Apple stock

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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41 Comments

  1. 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.

  2. 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.

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