Rob L

Jim Cramer's Stop Trading! 4/8/08: Much Ado about WaMu

Jim Cramer's opinions change like the wind. At $200 he says buy Apple, then on the way down to $115 he bashes the company saying don't buy because their quarter was awful and finally starts up again but saying $150 is as high as it can go. It's at that level now only a few weeks later and again he's saying buy even though you could have picked it up $30 to $40 cheaper (like me adding to my position) while he was saying don't buy. If the market drops again he'll say don't buy then later change to buy and back and forth. What exactly has changed in the last few months in terms of Apple fundamentals that makes his thought process change so radically and so fast? To say that the recent rally has been based on nothing is absurd, the fact is that people have started to realize that the sell off in Apple was overdone because fundamentals haven't changed. We aren't going to be let down by this company, they are solid and a great long term buy.