Jim Cramer's Stop Trading! 3/5/08: Tech Horsemen Beheaded

Recap of Jim Cramer’s comments on Stop Trading! Wednesday March 5. Click on a stock ticker for more analysis.

IBM (IBM), Applied Materials (AMAT), Microsoft (MSFT): Cramer would play the tech rally with a “non-Ambac” trade (meaning that the current rise has is not related to with the bond insurer) since IBM is poised for its analyst meeting, Applied Materials scored a Middle Eastern solar contract and Microsoft slashed Vista’s price 30%,although “nobody cares,” said Cramer.

Salesforce.com (CRM): Cramer says the only reason he hasn’t been discussing CRM is he is trying to get CEO Marc Benioff on his program (he is restricted from discussing stocks for a certain period of time before a CEO’s appearance). Benioff is the "most aggressive, greatest CEO in tech today,” said Cramer, and he predicts the stock will go higher.

Apple (AAPL), Research in Motion (RIMM): Cramer would not buy tech for anything but a trade, even popular gadget stocks like Apple and RIMM; “These are the decapitated horsemen... kind of like the horse that you saw in The Godfather... These things are so toxic... These things could have a rally, and you've got to sell on the rally... This is not what 2008 is about. 2008 is about ag... gold... natural gas... And, anytime you try to expand on that, you're just trading.”

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Comments

[PopTheBubble:]

does anyone still bother listening to this Cramer guy??!! he's been around long enough to have doubled back a few times on all his previous recommendations. the investment world's answer to Jerry Springer - tragic.

2008 Mar 06 08:04 AM

[ILuvK9s:]

When you refer to "non-Ambac", you try to explain what that is with the following:

(meaning that the current rise has is not related to with the bond insurer)

Given the grammatical errors , could you explain your explanation?

2008 Mar 06 09:35 AM

[Norman Lepo...:]

Is this the same Cramer who was raving about AAPL and other tech stocks not so long ago? This is so typical of him.

2008 Mar 06 10:45 AM

[Sam Liu:]

Jim Cramer said to divest from three of the horsemen before the new year. Where is your own due diligence and responsibility over any ones suggestions.

2008 Mar 08 02:05 AM

[Sam Liu:]

Jim Cramer advised to sell three of the horsemen before the new year.

Why blame him where's your due diligence?

2008 Mar 08 02:08 AM

[Steve K:]

Cramer is loud, Cramer is obnoxious, Cramer is often right.

2008 Mar 14 02:23 PM