Tuesday, June 10, 2008

Churn Baby Churn

Now Cramer's trying to save the banks with the Satan of last resort saves: Commissions. The retail nick is always the lowest card in the deck.

So, not only does he recommend selling Apple, but he recommended selling it in TWO transactions. Then he goes on to recommend a third transaction -- buying some back again tomorrow (minus what you'll need to save to pay capital gains) if the reviews on the new iPhone are good.

Check out the video clip for what passes as good investment advice these days. Note that Two-Slot can't recommend a better place to put that 75% of AAPL (other than Apple -- buy it back tomorrow) that he says you should sell.

Donkey quote: "I'm not a technologist ok."

Why does anyone listen to this guy?

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