I would not tell people to avoid [SIRI]. I think you can have it as a speculative stock now ... Because at the same time as it's gotten its capital structure together, it's owned by really bad hands. It's owned by people who are flippers and traders and penny stock guys and I don't like them as my colleagues when I own a stock.Flippers. Traders. And penny stock guys. Of course, AAPL is a $500 stock so don't take me literally; however, the conversations and antics now associated with it resemble the type of stuff we used to see regularly with SIRI and names such as Research in Motion (RIMM), which deserve penny stock status, at least from a symbolic standpoint. Mind an "$AAPL" Twitter feed for a few minutes here and there each day. Visit message boards across the Internet. Pay attention at the bus stop. Turn on your favorite morning drive radio show. Eavesdrop on your kid's conversations at school. Everybody is talking about this stock. AAPL, AAPL, AAPL. Play the hits, baby. Because that's what people want to hear. And I don't blame you. I want to hear about Apple as well. It's the most compelling, yet infuriating stock on the market. Especially with earnings coming Wednesday; you cannot look away. Neither can I. While much of the conversation that surrounds AAPL still treads above the bar -- it rarely did with SIRI during its battleground days -- a fair bit of it has morphed into penny stock-like trash talk. On down days, bears gloat about how bad things have become. Apple's best days are behind it. People post things like TIMBERRRRRR. When it's up, the bulls get all up in the bears' faces. As it rallies, I expect somebody to post YO, SLAP THE ASK!. It's just absurd. Very little that makes it into our Apple information flow is real. There's no meaning. It's all hype, rumor and innuendo. It's bears trying their best to talk the stock down. And bulls getting all emotional, coming to AAPL's defense like it's a spouse or cherished village elder.
Apple: Just Like a Stinking Penny Stock
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.