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Jim Cramer's Best Blogs

Stocks in this article: AAPLUASLBEBAY

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 - Get Report)? 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.

Of course, all of the "reasons" behind the weakness -- supply constraints involving Qualcomm (QCOM), weak Verizon (VZ) sales and SanDisk (SNDK) oversupply -- are, without a doubt, simply short bait.

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.

> > Bull or Bear? Vote in Our Poll

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.

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