Jim Cramer's Stop Trading! Apple Bear Raid

Stop Trading!

TheStreet.com Staff

03/27/06 - 03:56 PM EST

Apple Computer(AAPL ) remains the cross-hairs of shorts who "will not let this stock live," Jim Cramer said on CNBC's "Stop Trading!" segment Monday.

"This is completely in their court," Cramer said, noting that the transition of Apple computers to Intel(INTC ) chips is giving bears something to play with. "I have never seen a systematic, multiweek bear raid like I have on Apple Computer."

Cramer was more optimistic on homebuilders, with Lennar(LEN ) set to report earnings on Tuesday. "When you're near the end of a rate hike cycle, the playbook says to buy them, not sell them," Cramer said.

Meanwhile, trading looks "fabulous" in various insurers and broker, including Prudential(PRU ), Goldman(GS ) and Bear Stearns(BSC ). "These stocks have become incredible, go-to names for a lot people."

Cramer warned against trying to game Tuesday's rate hike decision, saying that the last 14 have produced no predictable trend. "These events haven't produced anything tradable in three or four years."

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