Cramer's 'Mad Money' Recap: Gaming the Russell Rebalancing
On Stockpickr.com, Cramer said, he advised people to sell Apple into the launch of its iPhone product because expectations have gotten too high for the product.
Second, it is a possibility that the iPhone is not the next great thing, he added. Also, people should keep in mind what happened when the product was first introduced. On the day it was unveiled and the day after, Apple plummeted, Cramer said.
Therefore, why not declare victory on at least some of your position? he asked. Cramer recommended schnitzeling some and buying it back after the launch and after Apple inevitably goes down.
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