Jim Cramer's Wall Street Confidential Picks, 10/24/07: Four Horsemen Riding Solo
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Recap of Jim Cramer’s comments on Wall Street Confidential, Wednesday October 24. Click on a stock ticker for more analysis:
Amazon (AMZN), Google (GOOG), Apple (AAPL), Research in Motion (RIMM)
Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and his Wall Street Confidential Picks.In what may be the most famous four-way breakup since the Beatles, Cramer's Four Horsemen of Tech are galloping of into the sunset. On news of Amazon's declining gross margins, Cramer declared "I'm done with Amazon…just take it off the table." RIMM has increased 100%, and Cramer suggests selling all capital in the stock and letting the rest run; he recommends the same strategy with Apple. However, Cramer insisted that he doesn't believe there is no more potential upside in the stocks; "If I didn't think they weren't going to run anymore, I would tell you to sell everything like I did Amazon" The only Horsemen stock which Cramer would hold and buy more of is Google; "I'm declaring victory in everything except Google."
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