Cramer selling AAPL

[wary_chipmunk]

I am not sure I agree completely with Cramer's call (5/31/07) to sell some of AAPL. It's up a lot over the past month, obviously, and selling some makes complete sense. But the Iphone isn't out yet and what about a possible split? Is selling a little too early?

[dochesgriff]

I think he is right on the money. He is not saying that the stock is done, but that there will be a pullback after all the hype. And if it does split I am sure it would go down afterwards. Apple seems to always pull back after a split and most stocks have that problem because people sell shares to cut down on their position at that time after all they have twice as many shares to play with.

There will be another run in the fall before Leopard comes out.

[aiki14]

I actually thought the move was a buy when it was down briefly under 118.50 but I didn't pull the trigger. I bet it trades up on monday after they or AT&T announces the I-phone preorder numbers. Either way I hope it's a big move.

[TonyM]

I noticed the moneyflow in tech over the last month kept increasing, but seems to have peaked after the Alltel deal and has been coming back out. I wouldn't doubt that Cramer is basing his call off of the sector moneyflow.

[roninarizona]

Only fools listen to this shil. He is making big bucks for his buddies. Why do you think you need to sell AAPL? Just put a stop loss and sit back. I sold AOL back when at it's very high by just following it up with stop loss. Every time you sell and buy again, Wall street makes money. They manipulated us in 2000 and this guy is setting you up for the big fall. Get a brain people.

[TonyM]

Only fools listen to this shil. He is making big bucks for his buddies.
Why do you think you need to sell AAPL? Just put a stop loss and sit back.
I sold AOL back when at it's very high by just following it up with stop loss.
Every time you sell and buy again, Wall street makes money.
They manipulated us in 2000 and this guy is setting you up for the big fall.
Get a brain people.

Yeah that stop loss worked out really well for those people that got stopped out on the false news rumor on engadget a couple of weeks ago. Which caused massive selling, going from $107.89 to $103.42 in six minutes (11:56 - 12:02). This wiped just over $4 billion off of Apple’s market cap. A lot of people lost a lot of money very quickly, as the stock rebounded once the news of iphone and leopard delays were found to be false.

I am certainly no follower of Cramer, but your claims of manipulation by Wall Street indicates that you are looking for somewhere to lay blame for bad trades other than yourself. Who do you blame for the winning trades? Sure, the market is rigged to a degree, but that does not preclude one from profiting by it.

[roninarizona]

$107.89 to 103.42 = about 4% drop.

I would have still been in the game, since I normally set stop loss at 10%.

I'm an invester not a trader, you are obviously a trader who preys on the invester who listens to the shil.

[TonyM]

$107.89 to 103.42 = about 4% drop.
I would have still been in the game, since I normally set stop loss at 10%.
I'm an invester not a trader, you are obviously a trader who preys on the
invester who listens to the shil.

Where you set your stop loss is not indicative of where many others set there own, and consequently lost money.

The market only works if there is a winner and a loser, every time you buy and your investment increases in value, you have then preyed upon the unknowing seller have you not?

It amazes me that people still think that everyone can win at this game, the crying, whining and blaming is emotional trading/investing which is almost certainly guaranteed to lead to a loss.

I could care less who is selling to me or buying from me, just so long as I get the price I am looking for.

[aiki14]

$107.89 to 103.42 = about 4% drop.
I would have still been in the game, since I normally set stop loss at 10%.
I'm an invester not a trader, you are obviously a trader who preys on the
invester who listens to the shil.

It is the online traders forum. By the way it is a zero sum game, every time I buy or sell someone is on the opposite side of the trade, I don't feel preyed upon when I take a loss. Your comment towards TonyM is unwarranted, if you had some time to review his posts you'll find him to be quite generous with the information he posts and damned sharp.
I always get a wierd vibe when folks come off hostile in their first posts, whether directed at Cramer, "The Market", or other members. A couple positive posts before the whining is a better strategy. The anonymous public forum does seem to be a place for the socially leperous to offer their vitriol without the pummeling that would ensue in the "real" world.

[aiki14]

Where you set your stop loss is not indicative of where many others set there own, and consequently lost money.

The market only works if there is a winner and a loser, every time you buy and your investment increases in value, you have then preyed upon the unknowing seller have you not?

It amazes me that people still think that everyone can win at this game, the crying, whining and blaming is emotional trading/investing which is almost certainly guaranteed to lead to a loss.

I could care less who is selling to me or buying from me, just so long as I get the price I am looking for.

Yep, yep, yep, and yep.

[Thierry Martin]

I mostly respect Cramer's calls, they are certainly well-informed most of the time. He did say about Apple to keep 25% of the position and sell the rest, play with the house's money (meaning just keeping the stock equal to the profits you've already made) because the stock has run up so fast so quickly. And he said to buy it back after it falls. I think Cramer is bullish on the stock, but he sees a quick trade by playing the new iPhone launch.

If you look at the chart from 1982, I don't see any point where selling Apple would have been smart, except maybe in 2000, where selling everything would have been smart

By the way, Apple keeps showing up on the bullish list on Fasy Money, even yesterday Najarian recommended it as a buy.

1358

[AJLightning]

Where you set your stop loss is not indicative of where many others set there own, and consequently lost money.

The market only works if there is a winner and a loser, every time you buy and your investment increases in value, you have then preyed upon the unknowing seller have you not?

It amazes me that people still think that everyone can win at this game, the crying, whining and blaming is emotional trading/investing which is almost certainly guaranteed to lead to a loss.

I could care less who is selling to me or buying from me, just so long as I get the price I am looking for.




more KNOWLEDGE...um um um ummmmm

[stockviper]

Does Najarian says it's a buy because of the options? I like his take on catching the huge volume of calls BEFORE the actual stock price goes up...

I mostly respect Cramer's calls, they are certainly well-informed most of the time. He did say about Apple to keep 25% of the position and sell the rest, play with the house's money because the stock has run up so fast so quickly. And he said to buy it back after it falls. I think Cramer is bullish on the stock, but he sees a quick trade by playing the new iPhone launch.

If you look at the chart from 1982, I don't see any point where selling Apple would have been smart, except maybe in 2000, where selling everything would have been smart

By the way, Apple keeps showing up on the bullish list on Fasy Money, even yesterday Najarian recommended it as a buy.

1358

[cramerica1972]

I mostly respect Cramer's calls, they are certainly well-informed most of the time. He did say about Apple to keep 25% of the position and sell the rest, play with the house's money because the stock has run up so fast so quickly. And he said to buy it back after it falls. I think Cramer is bullish on the stock, but he sees a quick trade by playing the new iPhone launch.

If you look at the chart from 1982, I don't see any point where selling Apple would have been smart, except maybe in 2000, where selling everything would have been smart

By the way, Apple keeps showing up on the bullish list on Fasy Money, even yesterday Najarian recommended it as a buy.

1358thierry,what does cramer mean when he talks about"playing with the houses money"?

[bobbyusc]

"playing with the houses money" refers to casino gambling in where AFTER you have made some money (which comes from the casino or "house"), you ONLY play with the money you have made, not with your original money. Thus you are only playing with the houses money. Applied to stocks, Cramer is saying only use the money you have made in the stock and keep your original investment on the side. This way, you cant go into the red because your money is not being used.

[Thierry Martin]

As Cramer expected, Apple dropped after announcing, and now Cramer is bullish on Apple, after waiting one day, which is now over.