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Sun, Nov 08, 2009 - 03:24 AM EST  —  AAPL: 194.34 (+0.3099, +0.16%)  |  NASDAQ: 2112.44 (+7.12, +0.34%)

Jim Cramer bullish on Apple: ‘AAPL is going to break out by end of year’
Friday, March 14, 2008 - 08:50 AM EST

Jim Cramer was bullish on Apple during his Mad Money TV program on Thursday, March 13.

During the "Lightning Round" block of the program, Cramer said of Apple (AAPL):

You've got to maybe take 10 points of pain, and get 70 points of gain. I think AAPL is going to break out by the end of the year.

More coverage of yesterday's Mad Money "Lightning Round" here.

MacDailyNews Take: Hello, 130's, nice to see you again!


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Mar 14, 08 - 07:56 am Comment from: R

This feels reminiscent of 2003/04, I think it was. Apple had really started to grow and the worry-warts started saying it couldn't be possible for Apple to continue to hit on all cylinders and surely a strong competitor would emerge to dethrone the iPod, etc.... Then, when it became clear that Apple would continue to grow and kick butt, the stock followed and took off again.

I also believe the stock will eventually take off. The factors that brought it down are not issue with the company itself. Apple continues to get stronger, and they will continue to have a few important tricks up their sleeves.

Full steam ahead!

Mar 14, 08 - 08:11 am Comment from: xaminer

Cramer is a big mouth jack ass who will say anything to sell his books or make you watch his TV show. Whether his statement is true or not, do not make your decision on what he says. If he could really pick stocks, he wouldn't have to sell books or have a website or employ a bunch of know nothings at the street.com.

Mar 14, 08 - 08:22 am Comment from: R

I agree with much of what you say, but the reason he is able to sell those books and peddle his website is because he managed to build a hedge fund worth billions and a personal war chest of nearly $70million. It's not like he worked at Burger King and someone offered him a show all of the sudden.

Take what he says with a grain of salt. He's a market mover. If you understand that, you actually can interpret what he says/means very clearly.

Mar 14, 08 - 08:24 am Comment from: Wish I Was Here

Oh this is such a joke, Cramer is no different from the others. Nobobdy knows what's going to happen. Back in the Fall, all Cramer talked about in regards to technology was his "four horsemen", Apple, Google, RIM, & Amazon. Now he's been running them down. A couple of weeks ago he stands there shaking his head and saying how "I think you missed your chance with Apple, I think you missed your chance with Apple". Again, this is dartboard analysis. Or rather, reacting instead of predicting. Honestly, what kind of analyst can look at what Apple has been doing and NOT predict a comeback for the stock? I say take all the analysts with a grain of salt and think for yourselves....

Mar 14, 08 - 08:36 am Comment from: Not Again

xaminer is such a whiner.

Mar 14, 08 - 08:37 am Comment from: Cubert

And the negative, anti-Jim Cramer, he's a crook comments begin in 5, 4, 3, 2, 1........

Mar 14, 08 - 08:39 am Comment from: Cubert

Damn, you guys are fleet of fingers today.

Mar 14, 08 - 08:39 am Comment from: Ray

My philosophy on financial guru's and pundits: If they are so fscking good at what they do, we wouldn't know who they were until we saw them on "Lifestyles of the Rich and Famous". Being on TV would just cut into their Polo time.

Jim Cramer is no Cosmo Kramer!

Just my $0.02

Mar 14, 08 - 08:43 am Comment from: Cubert

I think we should end every post now with "Suck it MAC dorks!"

Come on, it'll be fun!

And, we will be making fun of our choice of computer platform as well as our choice of makeup company.


So.....

Suck it MAC dorks!!!™

wink

Mar 14, 08 - 08:45 am Comment from: Cubert

Thanks to C1 for the inspiration.

Mar 14, 08 - 08:54 am Comment from: Tired of Retards

Ray,

"Lifestyles of the Rich and Famous" was cancelled in 1995.

Mar 14, 08 - 09:00 am Comment from: Uncle Al

@Tired...I call that a "Roots Moment." Years ago I was speaking to a group of high school kids, and I casually made a reference to the miniseries, Roots. Later, my buddy sidled up to me and said, these guys weren't born when Roots was on TV. Since then, any reference that likely pre-dates the audience is a Roots moment. I think you are correct, and this qualifies.

Mar 14, 08 - 09:02 am Comment from: Uncle Al

Oh yeah, and...

Suck it MAC dorks!!!™

Mar 14, 08 - 09:03 am Comment from: Mac+

I remember Cramer saying 18 months ago that Yahoo was the stock to own. Well...

Mar 14, 08 - 09:04 am Comment from: Macromancer

"If he could really pick stocks, he wouldn't have to sell books or have a website or employ a bunch of know nothings at the street.com."

Um, the guy made his millions on Wall street.... wait for it... wait...

PICKING STOCKS you fool.

Mar 14, 08 - 09:08 am Comment from: Steve516

Think.... FFfffFor ourselves.... ?

Mar 14, 08 - 09:17 am Comment from: AAPL

short this pig!!!!!!!!!!!

Mar 14, 08 - 09:27 am Comment from: Lurker_PC

If you watch the segment, it's clear he hasn't been keeping up-to-date on the iPhone announcement. It was AFTER he went to his local Apple store and an employee told him about the recent iPhone news and potential impact. Then the light went on.

Given AAPL was one of his "Four Horsemen" I'm a little surprised he didn't know about the iPhone announcement. But then again, perhaps he isn't a Mac Dork who reads, posts, and has a registered name on sites like MDN. Perhaps he has a LIFE... Suck on that MAC dorks and dorkettes!

grin

Peace.

Mar 14, 08 - 09:29 am Comment from: Gavron

If the March-quarter results are really good, and I suspect they will be, then AAPL will probably move upwards, because the March-quarter is the first 'recession' quarter and that will be the sign that Apple's products are, to a large extent, recession-proof.

But if it's a relatively weak quarter then . . . . who knows!

Mar 14, 08 - 09:38 am Comment from: Wish I Was Here

Yeah, perhaps he does have a life and wasn't aware of the iPhone news/potential. But as a high profile stock analyst on a high profile financial news network, isn't that kind of a big thing to overlook, given that it's pretty much common knowledge to anybody who bothers to do ANY research whatsoever? I'm not sure which makes him look worse, flip-flopping, or possibly not having done any kind of research on a stock that he's running his mouth about in front of millions of people.

Suck it MAC dorks....

Mar 14, 08 - 10:27 am Comment from: Think

You have to realise there are two distinct personalities.
Some who make their millions and quietly move to an island and enjoy the high life while not being noticed.
Others who make their millions and want to show off. What better way to show off than TV. ......and possibly make more money.

It's an ego thing. See people like this all the time in everyday life. "Look at me, dammit, looook aaaat meeee!"

Mar 14, 08 - 10:29 am Comment from: Think

Forgot


Suck it MAC dorks....

Mar 14, 08 - 10:44 am Comment from: Stockholder

@ "MacDailyNews Take: Hello, 130's, nice to see you again!"


Goodbye $200´s, $190´s, $180´s, $170´s,$160´s, $150´s, $140´s...and $130´s.

If MDN really owned Apple stock it wouldn´t be so high-school cheerleader airheaded bubbly.

Mar 14, 08 - 10:44 am Comment from: Buster

"AAPL is going to break out...."

A little bit of acne cream ought to fix that

oh and...

Suck it MAC dorks!

Mar 14, 08 - 12:30 pm Comment from: almux

Funny or pathetic?
These financials obstinately refuse to recognize that we are in a period of major crisis much more serious than a simple question of shares...

Mar 14, 08 - 01:04 pm Comment from: megame

once pension fund money and mutual fund money starts to move into computer hardware again, I will buy a nice stake in Apple. Until then, I will hold off.

Mar 14, 08 - 01:24 pm Comment from: gmac

cramers a joker... altho heʻs right that AAPL will have some momentum. i am in no rush to buy anything at this time.

even the proʻs are getting killed out there. and itʻll only get worse once wall street gets unemployment numbers flying higher...

Mar 14, 08 - 01:34 pm Comment from: neomonkey

Throw the moneychangers out of the temple!

Oh yeah, and forgive the prostitutes (and their johns).

Mar 14, 08 - 02:07 pm Comment from: Anonymous©

You don't even need to go back to 2003. Just last year at this time, I bought in at $84, and rode Apple up to $201.50, before selling. This past month you could have bought in at around $120, and I think it will run up again.

Mar 15, 08 - 08:39 am Comment from: Evert r.

@Anonymous; " I bought in at $84, and rode Apple up to $201.50, before selling."

Yeah, sure. LOL. Like we all believe that tale. You are the genius, rich stock picker and you hang out at MDN boasting of your amazing stock picking skills??? LOL.
I sure hope you claim all the income you made on your tax returns. What is it 35% capital gains tax on such a short turn around?

Mar 16, 08 - 04:41 pm Comment from: Former Mac User

<snort> Jim Cramer? As if he knows his ass from a hole in the ground when it comes to stock picking......

Mar 17, 08 - 07:02 am Comment from: Denny

Looks like Cramer did it again. AAPL is down $3.40 in pre-market on 3/17. Let's buy in while he sells - that's the pain.

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