Jim Cramer's Wall Street Confidential July 16th
Morgan Stanley (NYSE: MS - News), Goldman Sachs (NYSE: GS - News), Merrill Lynch (NYSE: MER - News), AIG (NYSE: AIG - News), Apple (Other OTC: APPL.PK - News), IBM (NYSE: IBM - News)
Options expiration and earnings, which occur this week, coincide only four times a year, and Cramer says the driving force is the options rather than the earnings. He predicts there will be one down day, for which the media will try to find lame excuses. Cramer adds on Wednesday at 2:30, MS, GS and MER will report how much there is to buy and sell. "If I am right, you will begin to see -- between 2:30 p.m. and 3 p.m. -- a rise in the market," he said. "If we get that, it's clear sailing until Friday." Cramer would use the decline early in the week as an entry point to buy AIG, which may drop from $70 to as low as 68, APPL at $136 or IBM, which may be down from $110 to $108 or $107. He suggests waiting for the down day before buying, but for those who can't wait, he would only pick up a quarter of a position.
Options expiration and earnings, which occur this week, coincide only four times a year, and Cramer says the driving force is the options rather than the earnings. He predicts there will be one down day, for which the media will try to find lame excuses. Cramer adds on Wednesday at 2:30, MS, GS and MER will report how much there is to buy and sell. "If I am right, you will begin to see -- between 2:30 p.m. and 3 p.m. -- a rise in the market," he said. "If we get that, it's clear sailing until Friday." Cramer would use the decline early in the week as an entry point to buy AIG, which may drop from $70 to as low as 68, APPL at $136 or IBM, which may be down from $110 to $108 or $107. He suggests waiting for the down day before buying, but for those who can't wait, he would only pick up a quarter of a position.
Labels: AAPL, AIG, GS, IBM, Jim Cramer, MER, MS, Wall Street Confidential
posted by Stock Administrator @ 11:31 AM
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