BloggingStocks: Time to Get More Bullish on Tech (and AAPL)

by , 4:50 PM EST, January 9th, 2008

Battered by general concerns over the economy, all stocks, including AAPL, have take a recent plunge. When that happens, in a strong tech economy, it's time to buy according to Jim Cramer at BloogingStocks on Wednesday.

Mr. Cramer asked the first key question: what to do when things are slowing down? The answer lies in looking at Apple, which isn't slowing down. Every aspect of Apple's business is doing great. The next question is whether Apple's success is sufficient to propel the stock back up and overcome the general malaise of the market.

Mr. Cramer thinks it will, and he's sticking to it. Intel stock is also on his list.

Apple's stock has been all over the map in the last few weeks, reaching over US$200 at one point and dipping below $170 as well, buffeted by the rest of the market, jolted by sub-prime lending fiascos, oil prices, and recession worries. On Wednesday, AAPL closed at just under $180, up $8.15, suggesting that there are many out there who agree with Mr. Cramer on this buying opportunity.

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.

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In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.