TheStreet) -- While option activity has been tremendous for
(HNZ), Jim Cramer said on his Thursday "Stop Trading!" segment that you don't want to be in the stock without a takeover bid.
Cramer said during "Stop Trading!" that Heinz is a good stock, but it's not
(GIS - Get Report).
Cramer predicts the stock will retreat if the takeover speculation proves to be just a myth.
Cramer is also not feeding into the chatter that
(AAPL - Get Report) iPad isn't as innovative as expected or will cannibalize its other products.
The life cycle of Apple's stock is as follows: they introduce a new product, hedge funds sell and take profit, investors worry it's not a good product, then six months later they realize the product is great, according to Cramer.
For this reason, "don't make a judgment of the product based on how the stock is moving," he advised.
Cramer owns Apple for his Charitable Trust portfolio.
(BSBR - Get Report)
remains one of Cramer's favorite banks, he says he is currently worried about the stock on concerns over Greece.