Bad Money Out, Apple's In for a Ramp

Microsoft (MSFT - commentary - Cramer's Take). Nothing cooking.

Cisco (CSCO - commentary - Cramer's Take). Stuck.

Hewlett-Packard (HPQ - commentary - Cramer's Take). Great quarter, but not enough.

So what happens?

People buy Apple (AAPL - commentary - Cramer's Take).

Apple's been the big bummer for some time. It is the stock that people have given up on, worn down by the bears, who spin a new negative tale by the day: Steve Jobs is sick. Jobs is about to be indicted. Jobs is all a lot of hot air on the iPhone.

And on and on and on.

To me, this Apple move is the beginning of the Apple ramp that was taken away when a lot of bad money took Apple up on the iPhone. I think that the bad money finally has been driven away and the opportunity is here once again to catch a ramp to the mid-$90s.

At the time of publication, Cramer was long Hewlett-Packard.

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Jim 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. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.