Jim Cramer: "Only tech stock I'd buy is Apple" -- should we go short?
Best Answer
160 points
Einstein answered 8 months ago …
Apple is a GREAT STOCK
They have NO Debt, clean balance sheet, highly innovative, and have lots of cash
They are trading very low and at 90.00-105.00 its a buy.
Clean balance sheets are what you want to be looking for
Answers
474 points
spider348 answered 8 months ago …
LOL - if Cramer was really that good, W.B. would be asking him for advice - which isn't happening. And nobody is calling me up either so take this not as advise.
However, AAPL is a key tech stock of course with the power to move the markets.
I am watching this high 90's support level (weekly chart). It is under the daily 20, 40, 100 etc. so I am still bearish until something changes. Also, people, institutions, funds get rich on the options in key stocks like AAPL. The price is just a vehicle to be manipulated for the derivative players. Look into where the interest is on puts/calls for other clues.
3680 points
MNSL answered 8 months ago …
I think we should sell tech stocks whenever there is a rally in the next 06 months. This sector is more vulnerable now.
It is true Apple in one of the few tech stocks that will not affect as badly as other tech stocks. But anything can happen in the next 18 months. Therefore it is better to sell even Apple now. Once if you see that the tech market condition is going to improve then you can repurchase it.
This is the time to sell vulnerable sectors and invest in next rotating sectors to get above average returns in the next 18 months and next decade.
Factors to consider:
I heard Bill Gates disposed $183.5 Million in Microsoft Stock
Slower world economy
Demand and orders are falling
Recession
Tight credit situation
Companies will implement cost effective methods and will reduce investment in technology
3970 points
EthanR answered 8 months ago …
I will say this about Cramer, he gets knocked by a lot of people, but at least one year ago he said on his show that the stock market will not bottom until the housing market does. Funny, I heard our illustrious treasury secretary, Mr. Paulson, say those exact same words just the other day in his speech. So my point is as often as he gets it wrong, Cramer gets it right too!
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1902 points
alanj answered 8 months ago …
It is currently range trading. I'd buy on the dips and sell/short on the peaks. Use stops incase it breaks through the range.
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