TheStreet.com TV Recap: Sell Some Apple

Piper Jaffray raised Apple's price target to $205 on Monday, but Cramer said if he were running that research department, he would have held that piece until after Apple's earnings came out.

"We do not want to have a situation where people who have owned the stock from when I first recommended it at $95 have not taken anything off," he said. "That's just foolhardy.

"One of the things that the home-gamers have to recognize, and I always have such reluctance to this, is that it's OK to sell half your position," Cramer continued. "What I say to people who are unwilling to take something off is, 'Look, you better not mind a sell-back to $135. You better be able to deal with that because I don't want you in my face telling me, "Thanks a lot, why didn't you tell me to sell some Apple?"' ... I am being abject and adamant: Sell some Apple."

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