Jim Cramer blames the commies (video)

“I think they’re circling wagons around their own companies.”

From Cramer sees an Apple bottom of $120 per share:

I have felt all along something that no one wants to talk about: The Communist Party doesn’t want you to buy Apple. I don’t think the Chinese government says “hold it, if you buy we’re going to track you down.” I do believe that the sales of Huawei, cheaper phone, sound like they’re good. I think they’re circling wagons around their own companies.

No offense to Mr. Cook ’cause I think he’s terrific. And I don’t want people to see the stock. I do expect it to be down more than it is.

You have to recognize that we’re at a crossroads. Smartphones need growth. Apple had been a great grower. So then you have to default to the ecosystem and the services revenue.

It’s too early! Service revenue’s not big enough.

They spent a lot of money buying back stock, at what looks like bad prices. They did cut the way you analyze the company by saying we’re not going to give you cellphone breakout. Those who said that was significant are right. Didn’t know that.

Did they know in October that things were going to be weak. I don’t think so.

But the fact is that the October period, that they were making their summation, was just in the wakt of what Pence did, which is declare economic war against China.

[Apple is] a great consumer product company that is loved around the world. If they have to cut the price, that’s in the stock at $120.

$120?

I’m saying that’s my worst case. I do think if we get a trade deal Apple’s numbers are going to spike. And you’re going to say I thought there was no boycott. There is no boycott.

It’s the idea, maybe Apple’s no longer a friend. See, the government never has to tell you what to do. But you listen to what the government says. I think Apple could be a Buy when Navarro says “let’s do a deal.”

Cue the video:

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Cramer addresses Cook’s concerns about China from CNBC.

My take: Lenin and Cramer, separated at birth?