Jim Cramer Says Stop Trading Apple Already and Just Own It

Apple's long-awaited event on September 9 is quickly approaching and that has investors in a frenzy about exactly when is the best time to sell Apple - before or after the event. Jim Cramer says how about just owning it? He says Apple is the most heavily traded stock, it sells at 16x earnings, it's got a fantastic balance sheet, it's got a big buyback, it's got a good dividend and it has 3 new products coming out. Therefore, Cramer says, there is no point in the endless trading of Apple. He says investors should just hold on to Apple. The company will unveil the iPhone 6 next week. It also has a computerized smart watch in the works which would mark its entry into wearables. This week Apple announced it's partnering with American Express, Visa and MasterCard to launch a mobile wallet service.