Why Jim Cramer Is Not Selling Apple Shares
Jim Cramer says he's not selling any of his charitable trust's shares in soaring Apple, as the tech giant still offers a modest price-to-earnings ratio.
Cramer told a conference call with his Action Alerts PLUS investors club Wednesday that he became the "butt of many jokes" when he hung on to Apple (AAPL) - Get Report last summer as the stock fell to around $93 a share. "But now I'm looking pretty good [after] Warren Buffett came in," he said. "I didn't say 'keep it' at $93 because it was going to go to [today's] $139. I said 'keep it' at $93 because it's going to go much higher. So, I'm not letting any go."
