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Cramer: Sell Some AAPL

by , 10:55 AM EDT, July 24th, 2007

Financial analyst Jim Cramer is offering his advice on Apple's stock: Sell now, and buy after Wednesday's third quarter financial report. Investors may be expecting big news about the iPhone, but Mr. Cramer thinks Apple will focus primarily on earnings, and there won't be anything special to report, according to TheStreet.com.

iPhone anticipation has helped to ramp up Apple's stock ahead of tomorrow's earnings report, and that could lead to a drop in stock value after the conference call. "We have now had this first-class ramp into earnings," he said. "I don't like ramps into earnings."

Apple's stock began a downward slide on Tuesday morning after AT&T announced that it activated 146,000 iPhones in the first day and a half of availability, indicating that many investors have been equating activations with the number of iPhones sold. The actual number of units sold in those first two days will remain a secret until Apple's Q3 earnings report when the company either offers a firm number, or analysts make an estimate based on the company's earnings.

When analysts get a hard number from Apple, or extrapolate one from Apple's figures, that could change the rate at which the company's stock is changing depending on how pleased investors are with the numbers. Unfortunately, the murky figures available today aren't giving investors much to go on.

Mr. Cramer, however, was clear on his position. "I am being abject and adamant: Sell some Apple."

Apple is currently trading at US$139.11, down 4.389 (3.05%).

If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

  

Observer Comments

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View Name:Guest
Tue Jul 24, 2007 12:17 pm Subject: old advice
View Name:Guest
Tue Jul 24, 2007 12:24 pm Subject:
View Name:Guest
Tue Jul 24, 2007 1:58 pm Subject:
Close Name:brett_x Posts: 307 Joined: 24 Jan 2006
Tue Jul 24, 2007 2:20 pm Subject: Add Salt

Don't forget to add a grain of salt to Cramer's advice. See him speak here about intentionally manipulating stock prices, including suggesting that fund managers should break the law to do so... "Because the SEC doesn't understand it"
http://publish.vx.roo.com/thestreet/portal/?clipId=1373_10329438&channel=Cramer+On+Demand&puc=yahoo&bt=NS&bp=WIN&bst=FF&biec=false&format=flash&bitrate=300
(I can't get the link to work from behind the firewall here, but I saw it before... hopefully it's still available. If it doesn't work, search for Confidential and Games in the video search, then select the one from 12/22/06.)

"By the way.. Nobody else in the world would ever admit that, but I couldn't care..." . . . "I'm not going to say it on TV."

It makes me glad I'm not a big investor.

I got the link from a roughlydrafted.com article here:
http://www.roughlydrafted.com/RD/RDM.Tech.Q3.07/0DD7145D-2017-4DA7-9799-091CEDFF0CEE.html


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Close Name:Biff Posts: 1479 Joined: 08 Apr 2004
Tue Jul 24, 2007 5:55 pm Subject:

Oy. It obvious from past posts that we've got a few Mad Money watchers here. Now you're just encouraging them! Yeah guys, trading on info (regardless of accuracy) that's broadcast on national TV. Good idea! Real traders are ALL about sharing info! Good luck with that!


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View Name:Guest
Tue Jul 24, 2007 6:32 pm Subject:
Close Name:gslusher Posts: 2001 Joined: 13 Nov 2002
Tue Jul 24, 2007 8:29 pm Subject:

Quote
brett_x wrote:
Don't forget to add a grain of salt to Cramer's advice. See him speak here about intentionally manipulating stock prices, including suggesting that fund managers should break the law to do so... "Because the SEC doesn't understand it"
(I can't get the link to work from behind the firewall here, but I saw it before... hopefully it's still available. If it doesn't work, search for Confidential and Games in the video search, then select the one from 12/22/06.)

"By the way.. Nobody else in the world would ever admit that, but I couldn't care..." . . . "I'm not going to say it on TV."

It makes me glad I'm not a big investor.


That is an amazing video. (I was able to find it with the search--the link did not work.) Did I hear correctly--did Cramer imply that he is unethical, possibly even criminal, as he implies that he spreads false rumors to manipulate stock prices. If there were real justice (and the Federal Government wasn't controlled by the buddies of big business and the financial industry), that should land the perp in jail for a long, long time--at least 20-30 years in a maximum security prison, preferably with a 6'4", 250 lb weightlifter cellmate who's looking for a new "special buddy."


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Close Name:Terrin Posts: 350 Joined: 29 Jan 2006
Thu Jul 26, 2007 9:56 am Subject:

Not to mention if you listened to Cramer's advice you would likely have lost money. Apple took a dove Tuesday, but it recovered before the markets opened on Thursday. So if you tried to buy back in Thursday morning (after the call) you are buying in for slightly higher (maybe a little less if you are lucky) then you sold. Moreover, you will now be paying higher taxes.


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View Name:Guest
Fri Jul 27, 2007 5:54 am Subject: Cramer has ridden AAPL since the start
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