Oh crap.. just what we need.. Cramer screaming BUY BUY BUY

Jim Cramer
BUY RIGHT HERE
10/16/2008 3:50 PM EDT
I agree with Ken, you should be buying something right here-ideas: COP, FCX, AAPL, QCOM—perfect option plays! BUY NOW!!!!!!!!!!!!!!!!

Thanks Tommo. Meanwhile, AAPL is +4% 

Should clarify, my response was to your post on the FUD, and lots of it thread. My bad..

I’m having a dejavu (sp?) right now…

Goog up. We should have a nice open tomorrow.

[quote author=“Tommo_UK”]Oh crap.. just what we need.. Cramer screaming BUY BUY BUY

Jim Cramer
BUY RIGHT HERE
10/16/2008 3:50 PM EDT
I agree with Ken, you should be buying something right here-ideas: COP, FCX, AAPL, QCOM—perfect option plays! BUY NOW!!!!!!!!!!!!!!!!

I have a feeling we will go over 105 tomorrow and then go even higher on Monday before we crash on Tuesday and Wednesday.

It always happens this way every time Cramer talks.  I am no longer willing to put money on it at this point however.

It is much too hard to predict accurately where the economy and the market is going.  these days are just to scary for little guys like me.

A year ago I had $121K of my own money.  Now I have about $12k.  I will make it up and some since time is on my side, but playing in this market at this time is getting much too risky.

I have learned that days like this come out of nowhere and do not guarantee the future one bit.  We could drop 10% in three weeks for no real reason.

still bullish on aapl but the market rules the day and once again it is hard to predict what the market will do.

end of rant.

signing off for a few weeks.

4:03 p.m.[GOOG] Google Q3 FactSet Research EPS view $4.74
4:02 p.m.[GOOG] Google Q3 net income $4.24 vs $3.38 a share

Seeems they missed big yet the stock is way up.  What am I missing?

EDIT: Non-GAAP EPS in the third quarter of 2008 was $4.92, compared to $4.63 in the second quarter of 2008.

[quote author=“incorrigible”]4:03 p.m.[GOOG] Google Q3 FactSet Research EPS view $4.74
4:02 p.m.[GOOG] Google Q3 net income $4.24 vs $3.38 a share

Seeems the missed big yet the stock is way up.  What am I missing?

GOOG reported $4.92

My dejavu is GOOG reporting in April the day before OE…

[quote author=“omacvi”]signing off for a few weeks.

See you back soon when the crack wears off and you need another fix of AFB; Good fortune Sponge

GOOG GAAP $4.24 Non-GAAP $4.92 vs $4.75 exp.

Whoo-whee!

$381 AM
__________________

IBM $2.05 vs. $2.03 exp.—missed on revenues, 25.3B vs 25.88B exp., mostly due to OEM segment
__________________

SNDK call re-set for Monday

AMD beats handily expected results

lol litespeed beat ya!!

AMD beats big as well…

Edit: Billy can type faster than I can. 

Good luck Omacvi - hope to have you back soon!

Took a shot at GOOG in AH - shorted a little at 395 and covered at 384 - just wish I would have had the dry powder and the guts to short 1,000 shares - that would have been sweet!! 

It seems GOOG’s move happened before the market closed and now buyers/sellers are holding their breath till the call. Since they don’t give guidance, it looks like the air may be slowly let out of the balloon. APPL is keeping its spike so far (103.2).

Dennis Gartman on Fast Money just point blank recco’d aapl. “I think you want to own aapl, it was a market reversal today (I assume he means for aapl specifically) and you want to own aapl.” 

Sponge, wait!!!!!!!!!!!!! Ahh, you’ll have plenty more chances to get back in. You know you can’t stay away for long. Enjoy some mental relaxation.

[quote author=“kiwitrader”]Dennis Gartman on Fast Money just point blank recco’d aapl. “I think you want to own aapl, it was a market reversal today (I assume he means for aapl specifically) and you want to own aapl.” 

Sponge, wait!!!!!!!!!!!!! Ahh, you’ll have plenty more chances to get back in. You know you can’t stay away for long. Enjoy some mental relaxation.

The chart does look good for a run to 120 or 130….

Chart

hmmmm blank?