Cramer's Stop Trading! How to Trade Apple Announcements (9/9/09)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday September 9.

Xilinx (NASDAQ:XLNX), Altera (NASDAQ:ALTR), F-5 Networks (NASDAQ:FFIV), Ciena (NASDAQ:CIEN), Hershey (NYSE:HSY), Apple (NASDAQ:AAPL), Natural Gas (NYSEARCA:UNG)

Cramer discussed some of his favorite tech plays, which include Xilinx, Altera, F-5 Networks and Ciena. While many of these stocks have seen an uptick, there is still more room to run; "When Altera says things are great, you gotta go screaming and buying Xilinx."

Cramer predicts a deal between Hershey and Nestle and thinks Hershey's new management may be open to change; "This is not the Hershey of old," Cramer said, "I think that they would entertain a bid."

After another spectacular Apple annoucement, Cramer gave his strategy for trading such events; He recommends buying Apple in advance of an announcement, selling just prior to the announcement, and buying back the stock three days later.

Cramer described the "natural attrition" in natural gas stocks and says drilling becomes unprofitable when stocks are at the $2 level. While low supplies will bring these stocks back up to $4 and $5, he doesn't see a higher climb than that unless Washington adopts natural gas as a transition fuel.


Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or