Cramer’s Mad Money advice: keep Apple Computer, dump Microsoft shares

“The market can be flighty when it’s up one day and down the next. That’s why people need to protect themselves against the volatility and make sure they are diversified, Cramer said,” TheStreet.com reports in their Cramer’s ‘Mad Money’ Recap.

“The first caller to play the ‘Am I Diversified?’ challenge owned the following five stocks: Hershey, Apple Computer, Microsoft, 3M and Honeywell,” TheStreet.com reports.

“Cramer said that although he liked most of the stocks, the caller was not diversified because Apple and Microsoft, which he owns for his charitable trust, Action Alerts PLUS, are both tech stocks,” TheStreet.com reports. “He blessed Apple and advised the caller to swap out Microsoft.”

Full article here.

[Thanks to MacDailyNews Reader “Joe Architect” for the heads up.]

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Related article:
Survey shows big jump in consumer interest in buying Apple Mac; Dell takes steep slide – July 05, 2006

10 Comments

  1. I think it’s a great time to be investing in AAPL. Don’t wait until it is 70 and go “man I wish……by then you will have already missed a 14 point gain…that’s 30%

  2. I think there is a very real possiblility that AAPL will hit $80 by July 21. No, I’m not smoking anything. It all boils down to management’s guidance on July 19.

    With what I’m reading, and what my channel checks are showing, I’m forecasting $90 by Oct expiry.

  3. Greg:

    Have you no sense of history? ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

    Apple will post stunningly high numbers on the 19, which will put the stock in the dumper for a full week (analysts will complain about Apple not providing proper guidance).

    After a week, Apple’s market cap rises to pass Dell’s. Again. Three knockdown rule. Dell is down and out.

  4. Specualte all you want.

    I’ll just increase my rents the rate of inflation +1% and buy me what I want.

    I’ll laugh my ass off while you have to pay taxes on stuff you won on, then later lost the profit on in another stock. hehhehehehe.

    All static, all day, forever!!!

  5. Gregg T. -Do you play this stock thing as a game or do you put your money where your mouth is?
    How much Apple stock will you buy today so that you can make a near 50% gain in about two weeks? Have you leveraged the house and everything…or this is just high school “i wanna be big stock investor” talk?

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