Jim Cramer's Best Blogs
NEW YORK ( TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- the recent Apple pile-on;
- why your definition of "technology" should be broader than Apple and Microsoft; and
- why you should be in the market for shares of eBay.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Everyone's Taking Potshots at Apple
Posted at 4:01 p.m. EDT on Friday, April 20.
Can we go up without Apple(AAPL) ? I am beginning to think we can't. I am beginning to think that Apple has turned into a Spanish bond auction, for heaven's sake, and it has become the be-all and end-all of this market.
I also believe that the parabolic move that got Apple up to the $600s was not sustainable and that what we have here is a $64 stock that has fallen to $57, and in falling that amount it has created a panic of epic proportions.
If Apple gets its iPhone intro pushed back, is that going to affect my $53 EPS number for 2013? Yet that's what is going to happen if Qualcomm is constrained. I couldn't care less. Verizon? That's total conjecture. I have other people telling me that Verizon is just trying to do whatever it can to not give 100% of the upper hand to Apple. So it is trying to play hardball. Sales are amazing.
SanDisk? Flash is like Drams: The companies are dramatically overproducing. To extrapolate that overproduction with the possibility that Apple isn't ordering enough is the height of ridiculousness.
It's not over. We will hear from Texas Instruments (TXN) , a chip supplier to Apple, and ARM Holdings (ARMH) , another chip supplier, on Monday night and Tuesday morning, both before Apple's Tuesday evening report. I am sure people will pick those numbers apart and come up with still more negatives about Apple.
It is now to be expected.
Such is the world, though, of a stock that has gotten too important compared with the rest of the market. At least the decline is happening before the report, therefore making it a little lower a hurdle before the actual report.
Where do I come out? (We own it for the charitable trust.)
I think Apple's a buy. Not a trade. I think you should invest in Apple, not speculate in it.