Jim Cramer on TheStreet.com video gave an Apple (AAPL) stock strategy going into the June 29 release date. The video is more detailed but in short he thinks you can Sell some Apple as we get closer to the release, but not necessarily all of the stock. It’s ok to take some profits and you don’t want to lose all of that $30.00 per share profit that the iPhone gave the stock: $90.00 to $121.00. He thinks that if the iPhone hype equals the expectation then it stays equal, but if it fails to meet the hype then the stock could get crushed. He thinks there is only a 20% chance that the iPhone will exceed the hype and he lays out issues of going to AT&T Wireless and the issues of changing carriers. This is actually a more detailed plan than he offered on last Thursday’s "Sell Block" on CNBC’s Mad Money, and this lays out more of the thinking behind the trade. It’s at least a "schnitzel."
On the video he also noted several other stocks.
Jon C. Ogg
June 4, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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