“With the Nasdaq set to adjust its weighting in the benchmark 100 stocks on May 2, traders have been paying particular attention to Apple, which will be most affected by the move,” Michelle Fox reports for CNBC.
“Mad Money host Jim Cramer said on Friday’s Stop Trading! that he thinks Apple has been ‘kept down by this rebalancing and that what is happening is the weight is being lifted,'” Fox reports. “Cramer added, ‘Apple’s cash position is bigger than almost all the companies in the world,’ and said he prefers Apple over Microsoft and Research in Motion.”
Cramer stated, “I’m saying that nothing’s wrong with Apple and that patience will be rewarded.”
Read more in the full article, which includes video, here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
You do realize that Cramer is a self-confessed criminal, right? Why are you posting anything that this bottom-feeding scum of society has to say?
Maybe because he’s obviously right, and being right has about zero correlation with having a record. Any criminal can look up and tell you when the sun is shining.
That said, what’d he do? Please enlighten those of us too lazy to Google…
Click to access deepcapture-the-story-v1.pdf
Read it. All about Cramer and his market manipulations.
From your link:
“The truth is, he’s a thug who perfected the concept of trading on privileged information…”
Sounds like Cramer is more like a politician than a criminal.
“Sounds like Cramer is more like a politician than a criminal”
I live in Jersey, where politicians are indicted daily. What’s your point?
Thanks for clarifying my point. However, I was really referring to the double standard of insider trading being illegal (so I have heard). While some may consider Cramer a criminal because of insider trading (and other things perhaps), politicians are the ones that are most guilty of it (they change the laws and therefore have inside info before the rest of us).
Good stuff, thanks for the link.
Oh dear…Bear Sterns again…dump your Apple stock before Monday.
just my $0.02
Get your heads out of your ass*s. Cramer’s been recommending AAPL for the last 7 years.
Check out Jim Cramer’s appearance on The Daily Show with Jon Stewart, where he is THIS CLOSE to tears while admitting that he is a criminal. The next day, all the corporate news channels completely ignored JIm Cramer’s appearance on The Daily Show (as if it never happened), because it would have been against their interests to highlight Cramer’s fraud. And amazingly, Jim Cramer still has a job.
Here’s one of MANY videos of Cramer where he admits to market manipulation: http://www.youtube.com/watch?v=gMShFx5rThI
Here’s part of Cramer’s interview on the Jon Stewart show:
Patience will be rewarded indeed! Mightily so in fact!
For the record, I too prefer Apple over RIM!
Who cares what Cramer says? He has zero credibility. MDN, stop posting his tripe.
Can Mad Money man like Cramer be reformed??
I say “yes” after his blunder bad calls on AAPL before! Each once in a while visit to his station, he sure talks a lot of positives on AAPL the last two years 🙂
Is he OK now, dudes?
Just Buy AAPL before it goes to $422 this December 2011!!!!
@iAppleTennisU
Why specifically $422?
He meant $422.72 specifically.
Oddly, AAPL’s all-time high is now $422.86….
(why am I replying to a five month old message?)
Jim Cramer, Rush Limbaugh, Howard Stern, and Al Gore–all complete Apple fanboys. That’s what I call diversity!
Getting Howard Stern to switch to Mac was a long time in the making, especially with Jeff Shick of IBM working to smooth out is Windows problems. Now that Howard has seen the light, its funny to hear him spend 45 minutes talking about how great Mac, iPad and iPhone are.
Our patience will be rewarded when Cramer is convicted of his crimes.
MDN and most of the posters here knew nothing’s wrong with Apple and that patience would be rewarded, way before Cramer. We don’t need that huckster’s advice.
Well, Cramer was bearish on AAPL back when it was $80, coming up from $78. I said screw him and bought some @ 82 anyway.
Gee, so now he figures it out. Any idiot could say AAPL is doing well, now. Thanks for nothing.
Thats an all around well written post
May be your best blog post on the net..