"You don't pull out the machete at $25 with Disney (DIS Quote)," said Jim Cramer on Monday's "Stop Trading!" segment on CNBC. "You pull out the machete at $35."
Disney was falling 5.6% on Monday after Merrill Lynch cut its target on the stock ahead of its Thursday quarterly earnings release. "You cannot get a better softening ahead of Disney's quarter than a kind of piece that says that this is just an unbelievably dangerous situation," Cramer said.
He said he wanted to see the quarter first. "They've got High School Musical. They've got franchise," he said. "I believe there will be a turn in 2009."
In telecommunications news, Research In Motion (RIMM Quote)'s BlackBerry Bold is slated to come out on Tuesday, rumored as the Apple (AAPL Quote) iPhone's newest competition. ...
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