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A Trader's Market - Cramer's Stop Trading! (10/13/08)

by: SA Editor Joan Wickham October 13, 2008    

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Joan Wickham

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Recap of Jim Cramer's comments on Stop Trading! Monday October 13.

Buy and Hold Has Failed - Apple (AAPL), Microsoft (MSFT), Yahoo! (YHOO), Goldman Sachs (GS)

"Buy and hold has completely failed here," said Jim Cramer. "It's a total traders' market." He was pleased to learn that Tiger Management's Julian Robertson was finding some opportunity in the market. "He actually likes some stocks!" Cramer said. One stock Robertson said earlier that he was buying was Apple, which Cramer was happy to hear. "I've been liking Apple all the way down and recommended it again on Friday," Cramer said. "I've been telling people to buy Apple for three years." Another Robertson pick was Microsoft, which Cramer called "a cheap stock." Cramer said: "Microsoft shouldn't be that cheap, given the fact that it's got a powerful franchise and how they dodged the bullet with Yahoo!" As for Goldman Sachs, Cramer said he was interested to hear what Robertson thought of that stock. "I'm humbled by the action in Goldman Sachs," Cramer said, "but I haven't given up on it yet."

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This article has 2 comments:

  •  
    Oct 14 12:17 PM
    Anyone see the new Fox Business Network add regarding Cramer? It is right on! Cramers bad picks are too numerous to count. If he is the best CNBC has to offer, it is just another reason GE is going into the toilet.
    Reply
  •  
    Oct 15 03:09 PM
    Cramer's right - it's not a buy and hold market.

    But he's absolutely wrong in that he's been telling you to buy AAPL for 3 years. He has gone back and forth (as usual) between buying and selling AAPL for 3 years. His AAPL calls even in the last 6 months have been both bullish AND bearish; congrats if you had listened to him recently, you just lost 42%!

    www.cramerproject.com/...
    Reply
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