Cramer Last Night

6:07 AM 10/29/2008


Summary (after listening to the entire program):

It's a "short squeeze" market. That's all. But Cramer is obviously elated and is recommending some stocks.

Now...Cramer last night. Yesterday's "tell" that foretold the huge increase late in the day. By watching Apple Computer.
It opened up 3 points. Litmus test stocks. Best fundamentals, best balance sheet.
Best fundamentals. Fabulous unchecked growth.
Blew numbers away. $1.26/share.
Now only 15 pts off its 52 mo low. Should be 200/sh.
7 million iphones in this past qtr alone.
Marvelous qtr.
A generational company. Only brand they will buy.

$24.5 billion in cash. 30% of share price is cash.

Apple is the key. As long as it is stuck in the mud, so is every other tech stock.