Tonight Cramer came on CNBC’s MAD MONEY with his SELL BLOCK tonight. He had two 40% gainers, and these are both two very widely traded stocks.
Charter Communications (CHTR) he thinks it is timke to make most or all off the table. It is more expensive now than others and it’s time for a victory dance.
Apple (AAPL) is one that you can keep some as a core position, but now it is becoming a stock that needs to be a trading stock. That means he thinks you can take some profits, but you can buy more on dips and sell on gains. The ship date is June 21 for iPhone and he thinks you should sell some a few days ahead of the ship date because the bar has been set too high. After ittakes a hit you can buy some more.
Others that he noted were DELL & SEARS…….
Cramer is saying "Don’t Sell Dell (DELL) as this is just the beginning." Take a look at my pairs trade idea on this from the day that Michael Dell came back. Sears Holdings (SHLD) had a horrible quarter and he’s not happy with it. When you wonder if you should ponder new store management and asset sales the answer is ‘yes.’ But…Cramer said you need to give Eddie Lampert some faith and believe in him, so you should not sell the SHLD stock.
Jon C.Ogg
May 31, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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