Jim Cramer strikes again.
From The Street‘s Jerry Kronenberg:
Jim Cramer says investors who don’t already own Apple (AAPL) shouldn’t buy it here, but should wait instead until it pulls back some 5% to 8%.
“[Apple] has run too much,” Cramer said in an exclusive monthly conference call with members of his Action Alerts PLUS club for investors. “It’s at [around] $160, [but a] 5 to 8 percent pullback is when I would buy some if you didn’t own any.”
Cramer’s message to club members last month: Own Apple, Don’t Trade It.