Cramer: "Riding Out the Storm"
Enviado: 27/11/2006 20:50"Riding Out the Storm"
By Jim Cramer
RealMoney.com Columnist
11/27/2006 2:41 PM EST
"Now they are clocking it big time and there are still no bids underneath. Plus the stocks that were up this morning are now really getting railroaded.
I believe it is still too early to shop. I am hearing too many people telling me they can ride this downturn out. That always scares me because what happens is that these same people freak out after two or three days of this and they sell into the bottom. (I don't believe we are at the bottom yet.)
If you are a person with a good gain and you can't tolerate pain -- or you are silly enough to worry about the tax implications -- you should take something off the table right now. This is just day two of the decline and that means there could be more ahead and better chances to buy back the same stocks you like.
Let's take Apple (AAPL - commentary - Cramer's Take - Rating). I really like the stock, but this is the first day it has been down in ages.
Can't we wait a couple of days before we pull the trigger? And if you bought it in the $50s or $60s, no one would fault you for wanting to take some off the table. "
(in www.realmoney.com)
By Jim Cramer
RealMoney.com Columnist
11/27/2006 2:41 PM EST
"Now they are clocking it big time and there are still no bids underneath. Plus the stocks that were up this morning are now really getting railroaded.
I believe it is still too early to shop. I am hearing too many people telling me they can ride this downturn out. That always scares me because what happens is that these same people freak out after two or three days of this and they sell into the bottom. (I don't believe we are at the bottom yet.)
If you are a person with a good gain and you can't tolerate pain -- or you are silly enough to worry about the tax implications -- you should take something off the table right now. This is just day two of the decline and that means there could be more ahead and better chances to buy back the same stocks you like.
Let's take Apple (AAPL - commentary - Cramer's Take - Rating). I really like the stock, but this is the first day it has been down in ages.
Can't we wait a couple of days before we pull the trigger? And if you bought it in the $50s or $60s, no one would fault you for wanting to take some off the table. "
(in www.realmoney.com)