- sellers' reluctance on Friday,
- an opportunity in Intel, and
- why you need to keep an eye on the mobile Internet.
Sellers Reluctant to Hit Bids
Posted at 3:43 p.m. EDT, Oct. 16, 2009 Can we admit that disappointments in high-profile names International Business Machines ( IBM), Bank of America ( BAC) and General Electric ( GE) did very little damage? Can we come to terms with the idea that these three companies, spanning so much of the globe and so many industries, in the end did not provoke a fall, despite how overbought the market is (the most it has been in months)? Oh, and as much as I like Google ( GOOG), it shouldn't have been able to offset these three big companies. Once again, the sellers were simply reluctant to hit bids. They either sat on the offered side when we had one of those mini-rallies up, or they didn't appear at all. We just capped another amazing week, one where we should have had at least big down day. Just didn't happen. At the time of publication, Cramer was long Bank of America.
Amazing Opportunity in Intel
Posted at 2:57 p.m. EDT, Oct. 14, 2009 See ... see, definitive proof that Intel's ( INTC) no good: It's not up two bucks! If it were any good, it would be up two bucks. Or more! Could there be any more documentary evidence of how wrong Cramer is? To which I say, the story isn't today's performance; in fact, the failure to run is kind of an amazing opportunity that you don't get very much in this tape. The fact that people think that Intel has run already is the opportunity that is needed to scoop some.
Stay Ahead of the Curve on Mobile Internet
Posted at 8:48 a.m. EDT, Oct. 13, 2009 The release for the Cisco ( CSCO) purchase of Starent ( STAR) for $35 a share says it all: "The mobile Internet is at an inflection point as IP-enabled smartphones and other connected mobile devices gain rapid acceptance. Service providers have been actively investing in this market as global mobile data traffic is expected to more than double every year through 2013."
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At the time of publication, Cramer was long Cisco and Goldman Sachs.