“On the heels of what promises to be a significant new product launch for Apple, a stock which Cramer owns for his charitable trust, Action Alerts PLUS, Cramer said history is very clear: Investors usually sell Apple on the day of new product launches,” Rutt reports. “He said while this trend may scare off novice investors, it’s actually a huge opportunity in disguise.”
Rutt reports, “Cramer said the new product lull that Apple experiences usually lasts for two days, which means by Friday, the stock should be ripe for the picking. He reiterated his $300 price target for Apple, which reported better-than-expected earnings Monday on strong demand for its Macintosh, iPod and iPhone product lines.”
Full article here.
I’m counting on it. Have squandered multiple opportunities to buy AAPL in the past few years
Do the opposite of what he says.
yeah jump on it, he had it just right after the ma. election
I’m still aglow from last week’s GIGANTIC RALLY after prøn star got elected.
My advice: invent a time machine and go back to when Apple stock was $8 split-adjusted. That’s when I bought mine. My only regret is that I didn’t buy more then.
its real
Note to self: Get ready to sell Apple…
Last time that idiot talked about when to buy Apple after a new product announcement he said to wait a couple of days because the stock was going to go down and he gave his reasoning…
Well, product was announced and Apple stock jumped like $15 dollars in those two days and never went below its selling price…
So much for valuing Cramer’s advice! He’s about as good as Obama’s Economic Team!
@Brian
I hear you there. I got in at $18!
The drop doesn’t ALWAYS happen….although there was a trend for awhile. Its like taking a chance that you won’t get pregnant at the start or the end of the month.
Have fun with that.
“Do the opposite of what he says”
don’t buy AAPL ?
really ?
AAPL doesn’t always go down after a new product announcement. It didn’t go down after the iPhone keynote in January 2007.
But if it does (or even if it doesn’t), considering Apple’s numbers from last quarter and prospects for future quarters (even without whatever is being introduced tomorrow), I think the advice to buy at the current price or lower is a good one.
Cramer also said the market would skyrocket the day after the recent Massachusetts election. It didn’t.
That said, no matter how incredibly miraculous Apple new products are, “the market” seems disappointed. Perhaps this time will be different
Just some advice, don’t you think almost everyone already knows that the AAPL stock drops after a product announcement? So what do they do? They try to get smart and try to sell well before the announcement in order to buy the stock back after the announcement. What is the result? The stock drop is much earlier than normal (ie why do you think the stock dropped from 213 to 205 today?) There may be a drop before the announcement tomorrow, but this thing may rally with the announcement as all the people who were “smart” and sold on Tuesday try to buy back in.
oh, sh*t! sell apple!
remember, this d-bag said that the dow would rally after scott brown won the senate seat in mass. it proceeded to drop 600 points over the next three days! crammer is an @ss.
doesn’t matter when you buy. on eps of around $15 a share in 2011 apple now has a forward P/E ex cash of 11. for reference: amazon’s forward P/E is above 60.
mdn word: “basic” as in basic maths
Cramer does not know the difference between investors and traders.
I invested in AAPL in March ’97, May ’00, and November ’08.
a happy camper here.
Fortunately I still have my $6.35 shares and can only look forward! I don’t need to buy AAPL anymore, because most of my Mutual Funds do that very well these days…..