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 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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