“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.]
It amazes me that people still listen to incompetent idiots like Cramer. This guy got the whole housing bubble/credit meltdown completely *wrong”. He is no better at financial analysis than a trained chimp.
I like Cramer. I mean the show Seinfeld would not have been as funny without Cramer. LOL
Jim Cramer is only a crook manipulating the market
The real money has been made on Apple. In 2001, when I purchased my first Apple shares, it was less than $10/share and split 2:1 @ $90.
In 10 years you could have turned $20,000 into over $1.6 million.
Is Apple going to make people money going forward, maybe. Is it likely a BFD anymore? That is a question to be answered.
Better price may be coming. But will you buy or wait for even better? Cramer is pretty much a contrary indicator on exact timing.
Apple trading is always volatile. But the company has so many long term growth drivers…. While the street is obsessing over the last million iPads this Christmas (honestly we have no idea how big that market is… with education, corporate as well as consumer) Tim Cook is focused on CHINA. Want to do the upside surprise earnings potential for macs in China…?
Cosmol is so correct Cramer is a stock manipulator- it is very clear- and Cosmol really does a big service to the investors by explaining this and giving great examples- doesn’t get more clear than this- suddenly– Cramer decides that Apple is not the same??? Huu! really? … too bad I tought that maybe he changed after the 2000 market meltdown when he played a significant role in market manipulation- but I was wrong- he did NOT change.
Now he completely contradicts himself on Apple- and only motif is that he is short and will benefit from this. I really Hope Tim Cook deals better with these type manipulators of the stock (like many hedge funds- creating false rumors- working with news papers to disseminate them- to make up and propagate negative perceptions ) Hope Mr Cook starts by a stock split- and a massive buy back program.