By Jim Cramer, TheStreet

Trying to game what Apple (AAPL) will do with its cash hoard is a dangerous game.

To those who are buying Netflix (NFLX) in anticipation of Apple's making a bid, I say good luck. There are some very serious insider sellers who I have to believe would know about any talks, and I have to believe they wouldn't be selling otherwise.

I don't think Apple would do anything that isn't consensual, so the notion that these people would be oblivious to a deal is pretty ridiculous, and the Netflix board is a very active and supportive board.

I think you buy Netflix because of its model and because customer acquisition costs are going down as subscriber numbers are soaring.

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Others are speculating that Apple might purchase Electronic Arts (ERTS). Why? That company has one good business, the Playfish biz, and the rest is all about games that could go away. Why would Apple want content anyway? There's nothing that indicates that it wants to be in the content business other than its own software.

I think that Apple is such a big thinker that what Steve Jobs might do with the money is going to elude us. I am not saying he is some sort of an unfathomable sphinx, and I like the combination of Netflix and Apple very much.

But I think you will lose more money than you'll make speculating on what Apple will do.

Buy stocks with good fundamentals. Not stocks you think Jobs wants. Anything else can be a sucker's game.

At the time of publication, Cramer was long AAPL.

Jim Cramer is co-founder and chairman of TheStreet. He contributes daily market commentary for TheStreet's sites and serves as an adviser to the company's CEO.

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