Cramer vs. Nikkei (video)

“Isn’t this convenient.” —Jim Cramer reacting to Nikkei Asian Review’s iPhone XR report.

It’s really interesting, how its’s so well timed, isn’t it?

[Apple] just reported, and they said they’re not going to break down any phones [unit sales] and then this report surfaces and says, “hey, they’re holding off [production expansion].” Now you’re supposed to say “Aha! I know why they’re not telling you this.”

This is complete nonsense.

I’m not saying the stock is going to go up. I say the stock is going to go down.

I’m saying the company has a buyback and it’s going to buy back every share. Every share it can.

Que the video:

Apple will have a buyback and buy every share they can , says Jim Cramer from CNBC.

My take. Yup.

4 Comments

  1. Paul Brindze said:

    If I am not mistaken, Apple is allowed to start buying back tomorrow. The short sellers have done quite well in the last few days. I would think, however, that they are not unaware of a large buyer entering the market tomorrow. That may start them covering to lock their profits later today, with a partial jump back in the price accelerated buy the computers, as usual.

    Not a short seller myself, but that’s what I would do if I was.

    1
    November 5, 2018
    • Gregg Thurman said:

      That may start them covering to lock their profits later today

      Covering their short position requires that they buy back the shares they had previously sold. That buying activity should be reflected in the price of AAPL (go up).

      It hasn’t.

      0
      November 5, 2018

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