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Jim Cramer Won't Turn on Apple, Doesn't Like Twitter Until $19.20

8/04/15 12:47 PM EDT
Jim Cramer answers viewers' Twitter questions from the floor of the New York Stock Exchange. Cramer answers his first Twitter question on Apple (AAPL), which he says ‘has become a bad stock.’ Cramer says that the reason people are saying this is because Apple missed the 47 million cellphone sales number and because it is getting related to the Chinese auto numbers, ‘which are tremendously bad.’ ‘Apple does not get support until $107,’ Cramer said. Right now, Apple is in a ‘technical grip,’ meaning that based on the stock’s technicals, ‘it’s just really bad.’ ‘People who follow the technical are just banging the stock and they’re shorting the stock,’ Cramer said. However Cramer takes a different approach than the rest and takes ‘a longer term view’ on the stock, which means he sees Apple as an inexpensive stock and sees reason to buy it between $107 and $110 a share. ‘A lot of people have turned on Apple. I’m not turning on Apple,’ he said. The next question was in regards to Twitter (TWTR). ‘Twitter has to go down so low that there could be a bidding war,’ Cramer said, but he doesn’t expect that to be the case until it reaches $19.20 at which point Google (GOOG), Facebook (FB), or Yahoo! (YHOO) could scoop it up. If you have a stock question, make sure to tweet it @jimcramer using #CramerQ. -- Get Cramer's top stocks with Action Alerts PLUS Trade with him FREE for 14-days.
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