Is Dell (DELL) - Get Report really Apple (AAPL) - Get Report? I mean, that's the fear, isn't it? Dell, like Apple, had no problem with demand. Demand was terrific. But it was supply constrained by this earthquake. I wanted to buy it. My partner, Jeff, said to stay away until after we find out more about the quarter.
I wanted to buy it because the shorts have been pressing their bets endlessly today. They have been talking about conference calls that don't exist. They have been spreading ridiculous rumors about a missed 4 cents. They will be wrong.
But then, Jeff said, "Hey, Apple -- the stock -- got destroyed by the supply problem. Why would Dell be any different?"
I said that Apple had other problems.
He then pointed out that the stock broke almost 10 points on just the supply problem.
That won the debate. We are not shorting it; we are not going long it. We are just trying, at this very moment, to figure out whether to take the
. Now that's something I feel confident about. But, unlike stocks, I don't have to disclose whom I am taking.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at