“I have developed a definitive bias against trading,” Jim Cramer writes for TheStreet. “The ETFs, the high-frequency trading bandits, the lack of any identifiable edge, has turned me against recommending trades. I don’t mind investing ahead of a quarter but I am not trying to get you in and out of a stock. It’s just been a fruitful exchange.”
“I have been an Apple stalwart for many years with a correct wavering from $650 down to the $400s before the company went from being shareholder agnostic to being religious about its shareholders,” Cramer writes. “Ever since the company started its buyback and its dividend plan and rolled out some successful iPhones which put Samsung in retreat and obliterated Blackberry, I have said one thing over and over again: don’t trade Apple, just own it.”
Cramer writes, “Find room to own the greatest manufacturer on earth with the best products in existence as part of an amazing, invaluable eco-system and use the chatter of the shorts and the sellers to own the stock if you don’t already do so.”
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