Apple Looks Ripe for Buying Right Now

Maybe I'm just too Apple-centric (AAPL - commentary - Cramer's Take), maybe because I just can't compete with my daughter's mini-iPod, maybe because every gift I have gotten her revolves around her Apple mini, maybe because I think that soon you will be able to buy an iPod that allows you to punch in some digits and download from Sirius Satellite (SIRI - commentary - Cramer's Take) -- whatever the reason -- I just can't believe that Apple sits where it is right now and isn't higher.

Here is a stock that has the clearest shot to beat all the numbers for Christmas. It is a company that has the most momentum of any business I know. Best of all, it already has been downgraded three times. You have taken a substantial amount of the "Xilinx (XLNX - commentary - Cramer's Take)-Altera (ALTR - commentary - Cramer's Take)" risk out of it, precisely because it has been taken to the woodshed three times. No one else will do it between now and Christmas.

Best of all, the trader in me says to take it right here, right now. Why should you go with me? Remember when your screen was filled with red and I said that the stocks that comprise GERQY (Google (GOOG - commentary - Cramer's Take), eBay (EBAY - commentary - Cramer's Take), Research In Motion (RIMM - commentary - Cramer's Take), Qualcomm (QCOM - commentary - Cramer's Take) and Yahoo! (YHOO - commentary - Cramer's Take)) would lead us back and that the Nazz would rally ex- the Altera nexus? Well, take a look.

This would be the moment to take the Apple. Right now.

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At the time of publication, Cramer was long Yahoo!.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to [e-mail]. Listen to Cramer's RealMoney Radio show on your computer; just click here. Click here to buy Cramer's latest book, "You Got Screwed!" Click here to order Cramer's autobiography, "Confessions of a Street Addict."