After this
segment, you can
see Jim's Opening
Segment picks
here...
On Apple Inc. (AAPL)
and the new iPhone
model...
JJC: These are
marginally positives... We've been
saying on this show, I've been
consistent on Stop Trading and on
Mad Money, that you wanted to sell
most of your position into this
launch because of the hoopla... I
don't hear anything yet that makes
me want to change. What would have
changed my attitude would have
been if they had a camera phone
that would be like iChat... But I
think, again... we've had a very
big run. Let's be sensitive to
that. I've been saying that, if
you had a full position on, you
would have sold a quarter on
Friday, and you would have sold a
half today... and play with the
house's money with the rest... I'm
not changing my view... No.
You needed to have breakout, and
those percentages are not
breakout, because you have to
switch from another carrier to
AT&T (T)...
Look, I think this is a great
trade... I think that AAPL has
been a great trade in a really bad
market. But I feel like that,
unless you take three-quarters of
your position off by the end of
the day, and let the rest run, I
just don't feel like I'm being
responsible in telling people on
Stop Trading to let it run,
because I just think the odds do
not favor another run on top of
this...
Well, that does matter (i.e.,
iPhone
price cuts) and we need to see
subsidies from the major phone
companies. That's how you get to
10 million. Again, I question
whether anything I have heard is
not what I expected. I certainly
didn't expect it to be slower... I
expected it to be faster... I
certainly expected the price to
come down... All of these things
are pretty much in the stock... I
do think you can keep some on, but
I really feel it's reckless to
say, just keep it all rolling...
it's fine... because there are not
going to be any new data points
for some time here... I think that
this was a trade, and you've had a
huge run... I'm not saying sell it
all... I'm certainly not saying
short it... These are marginal
issues (i.e., the price cut)... I
needed this thing to be
unbelievable to take this stock to
$200...
. . .
. .
On Research
In Motion (RIMM)
and what the iPhone means for them...
JJC:
I don't want to sell RIMM... I
think they have a lot of
momentum... I still think the
Blackberry is a terrific name... I
do not want to make sales on this.
If the stock gets hit below $120,
I want to buy some...
. . .
. .
On the Homebuilder stocks...
JJC:
I just think that these debt
downgrades are really... it really
took the wind out... I've been
watching this HGX... I really need
that to hold... that's the
homebuilding index (i.e.,
PHLX Housing Sector Index
(^HGX)...
A really fabulous story, that was
the lead of the Financial Times
today, about home equity loans and
the breakdown in the ratings of
the bonds of the homebuilders, are
telling me still no bottom... It's
just so crucial of the regional
banks that we get some sort of
bottom here, and we don't have
it... and I don't even want to say
I think it's about to occur. It's
so clearly a 2009 issue... and
yet, there are people who keep
saying, listen, we have all the
capital in the world... I mean,
National City Corporation
(NCC)
and
Washington Mutual (WM)...
these are all victims of this
problem, and when I see the
homebuilders being downgraded, I
know there's more pain ahead...
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Please read his comments to
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Thumbs down -
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based on his comments
We do our best to interpret
Jim's opinion on stocks, as
we think it is indicated by
his comments during the
show. Please read his
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Back up the truck -
indicated by Jim, when he
says the stock is so good,
that he would do a
'mon-back' on the stock...
In other words, this is the
sound someone would say to a
truck driver, "Come on
back... " as he is "backing
up the truck" to load up on
his cargo. Translation
for buying stocks:
This recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point.
Stumped. - Of the
2,000+ stocks that Jim
Cramer has in his head, for
which he has an informed
opinion, he sometimes comes
across a caller with a stock
he does not know well enough
to opine on... He then
indicates he is stumped and
will have to come back to
it, after he does some
homework of his own on
the stock. This
usually occurs during the
Lightning Round, when Jim
does not know in advance who
is calling, or what their
stock question is about.
Definitions of key phrases
used by Jim, known as
"Cramerisms":
Definition: 'Pull the
trigger' is Jim's phrase for making
the decision at that point to trade -
either to 'buy' or
to 'sell' (although he
usually uses the phrase for
buying), as if to say you
should feel comfortable
enough to make the final
decision without looking
back...
Definition: 'Ring
the Register' is Jim's phrase for
selling a stock, and making
it a final sale, that you
should not look back on.
Put it behind you.
Definition:'Let It Come In' indicates how you
may wait for it to pull back, or have the
stock price come down briefly, as your
chance (after letting it come in) to buy
the rest of your position (i.e., total
number of shares you own in that stock).
Definition:'backing it up'
or 'doing a 'mon-back' is Jim's
phrase for the metaphor of backing up a
truck to load up on a stock by buying
it. 'Mon-back is short for the
imaginary worker saying, 'Come on
back...' as the truck is backing up to
receive its load... Notice that we use
the little truck icon to indicate where
Jim has mentioned this.
Translation for buying
stocks: This
recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point.
See more
"Cramerisms" & other
financial phrases
here >>
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Jim Cramer's past comments
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