Clash of the Titan - Cramer's Stop Trading! (6/16/08)

Recap of Jim Cramer’s comments on Stop Trading! Monday June 16.

Research in Motion (RIMM), Nokia (NOK), Google (GOOG), Apple (AAPL), Amazon (AMZN): In what seemed to be a partial reunion of Cramer’s four horsemen of tech, he recommended buying RIMM, which should reach its 52-week high of $150. Although Nokia has greater market share, it lacks RIMM’s momentum. Cramer is also bullish on “old tech” plays Google, Apple and Amazon which “goes up every time the market has a rally.” However, RIMM is the few “old tech” plays Cramer thinks is worth more than just a trade.

Agco (AG), Titan Machinery (TITN): Cramer likes both AG and TITN which he thinks is “sizzlin’” and says both should “break out big time.”

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Comments

[Jerry Dill:]

I think that he is right about the "old tech" devices. AAPL is going to come out with the iphone which will really help boost their revenue. It will also be marketed toward the masses instead of the techy and the rich. Great time to buy

2008 Jun 17 04:58 PM

[Jojostreet:]

He was screaming SELL on AAPL just the other day. Can't make up his mind. Be careful with this guy and don't just jump in his bus so quickly.

2008 Jun 17 06:58 PM

[John Muforza:]

Momentum, is a two-edge sword that cuts viciously in both directions.
Unfortunately, some of the in-your-face bulls we watch today tend
to abandon stocks when the momentum turns down. These geniuses
pushing RIMM today as a table-pounding buy, were hiding under the
table when RIMM was in the 80`s this spring, or too busy calling Dr.
Bernanke, a fool. Buy low, sell high is all the genius you need to know.

2008 Jun 18 02:08 AM