Jim Cramer: Stop trading, buy Apple

Summary: On CNBC's Stop Trading! segment Monday, Jim Cramer advised viewers to "buy Apple.

By Jason D. O'Grady for The Apple Core | April 21, 2008 -- 21:53 GMT (14:53 PDT)

Jim Cramer: Stop trading, buy Apple On CNBC's Stop Trading! segment Monday, Jim Cramer advised viewers to "buy Apple."

Cramer said that there is a "grudging recognition" in the market, especially after Nokia's cautious guidance, that the iPhone will continue to win among smartphones. He said the iPhone is "huge, and when we get the next iteration ... it's going to be game, set, match." He also remarked that "there's no stock for sale. They keep buying it up."

Cramer also described a new Mac product called "Conversation" that will "bring Apple to the forefront of instant messaging." This may have been a misquote, Cramer was probably referring to iChat AV, not a new Apple product.

In related news, AppleInsider is reporting that Apple was granted a patent for iPhone instant messaging on the iPhone in March that they originally filed in August 2007.

When the market closed yesterday (21 April 2008) AAPL was trading at US$168.16, up $7.12 (or 4.42 percent). Apple will hold a conference call to discuss financial results of its second fiscal quarter tomorrow (23 April 2008) at 2:00 p.m. PT/5:00 p.m. ET.

Topics: iPhone, Apple, Browser, Collaboration, Hardware, Mobility, Smartphones, Social Enterprise

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10 comments

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LMAO: Too funny this one!

[i]On the Tuesday, March 11, 2008, episode of Cramer's show Mad Money, a viewer named Peter submitted the question "Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?" Cramer responded "No, no, no! Bear Stearns is fine! Do not take your money out. If there's one takeaway... Bear Stearns is not in trouble. If anything, they're more likely to be taken over. Don't move your money from Bear! That's just being silly.[/i]

http://www.liveleak.com/view?i=2b7_1205751955

So, the very same person who advised viewers that "No, no, no! Bear Stearns is fine!" is the same person who is telling us all to buy Apple stock.

Time to sell then...

Scrat
22 April, 2008 02:31

Reply Vote
- He also said to buy
  
  Google at 720 something, going to 1000.00 (or something along those lines)
  
  GuidingLight
  22 April, 2008 06:02
  
  Reply Vote
  - So...
    
    ...did anyone else with a modicum of intelligence.
    
    Next..?
    
    GuyAlanDye
    22 April, 2008 12:16
    
    Reply Vote
- Misleading!!!
  
  Cramer was talking about having assets *at* BSC, *not* about owning BSC stock!! He came back and reiterated that after the apparent confusion. Deposits and investment fund balances are insured by either FDIC or SIPC...which is totally different from the safety of your shares of BSC stock. He *never* said that was safe! Don't mislead the readership on here with your misinterpretations!
  
  techboy_z
  25 April, 2008 07:58
  
  Reply Vote
This boy is out of his mind.

Plus he is a shill for Wall Street. I am surprised he is alive for his Bear Sterns predictions. He is on par with Bulls and Bears with Brenda but more entertaining with his manic declarations. Just get the popcorn and get amused.

osreinstall
22 April, 2008 07:27

Reply Vote
- Who in this business is 100%!?!
  
  I think the question is over the years what is his record? You
  can't take any one prediction and base your opinion on that
  or any dozen for that matter what matters is if he's made X
  predictions/suggestions how often has her proven correct,
  how often has he been proven wrong? How often was it a
  draw?
  
  Pagan jim
  
  James Quinn
  22 April, 2008 15:22
  
  Reply Vote
  - He isn't that good.
    
    He is usually recommending a turkey but is always entertaining.
    http://en.wikipedia.org/wiki/Jim_Cramer
    
    osreinstall
    22 April, 2008 19:49
    
    Reply Vote
    - How does he compare to others in his field?
      
      :Pagan jim
      
      James Quinn
      22 April, 2008 20:08
      
      Reply Vote
      - Not as good as my fund manager
        
        I imagine anyone on TV instead of doing it for a living isn't as good as someone that does it all the time. Like Dr. Phil is not as good as his colleagues in the field.
        
        osreinstall
        22 April, 2008 23:16
        
        Reply Vote
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