This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Apple Hate Has Spun Out of Control and It Needs to Stop

NEW YORK ( TheStreet) -- Call me emotional. That's fine. I am emotional about Apple (AAPL). No question. However, there's a difference between my emotion and the emotion of folks who make some show of loyalty with their long position in the stock.

I'm clearly and firmly on record with a seemingly confusing dichotomy: #1- Love the company, hate the haters and push back on the nonsense, alongside #2- Don't buy the stock right now. And, whether you have profits or losses, in most cases, it makes sense for long-term investors to stay away.

My CNBC hit with Carl Quintanilla made the case in plain English: This is a depressing situation.

It hit the most absurd mini-crescendo this morning when Apple issued a press release to announce availability of a 128GB iPad. Pardon my Canadian French, but we're all adults here -- I'm straight pissed off about some of the reaction I saw to this news on Twitter.

But first, our resident he's so geeky he needs professional help tech authority Chris Ciaccia -- a man who can control his emotions much better than I (though I know he must be seething as well) -- gives us his take on this slightly different version of the existing iPad. Enter the sane and logical voice of reason:

The 128 GB iPad is a smart move by Apple. Not only is it expanding its reach to include people who want content on their devices and not in the cloud, like artists, it's really geared towards enterprise. The business community is increasingly using the iPad instead of PCs when it comes to document creation, spreadsheets, presentations and the like, and added storage is what they need to replace PCs to get the job done.
Not only does it expand the reach of more buyers for the iPad, it should also aid margins. By charging $100 more for an extra 64 GB worth of storage, Apple is increasing margins as it relates to NAND flash, of which Apple is one of, if not the largest buyer of flash storage in the world. It's a very shrewd move by Apple, and one that should benefit shareholders over the long haul.

SPOT freaking on!

That's what Chris sent me via email. Whenever big tech news breaks, I ask him for reaction. It's always like that -- sound, straight and to the point. So follow Chris on Twitter.

But here's why I'm angry.

Apple is not here for our entertainment. It doesn't exist to fill the voids we have in our lives.

Yeah, I'm getting older as well. I can't quite lose this slight gut I have developed. I don't have sex as often I used to. I suck at playing guitar. At times, I can be bitter towards the world. I live in a perpetual state of fear that "The Big One" will hit California. We've all got our "problems."

But, for some reason, and I am not sure the haters even realize what they're doing, we expect Apple to come along and ease our anxiety, Moscone Center presentation after Moscone Center presentation.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs