On tonight’s MAD MONEY on CNBC, Jim Cramer wanted to update his "New Four Horsemen of Tech" now that earnings are out and after these have all run up so much. He is looking to ring the register on part of these. This is something that if you have been following these we have been waiting for and it seems more than logical after you saw Amazon.com sell off after earnings tonight (percentage gains he used on Horsemen call):
Amazon.com (NASDAQ:AMZN) is up 40%, but after today’s earnings and after tonight’s sell-off Cramer says "Time to ring the register" on all of it.
Google (NASDAQ:GOOG) is up 30% and Cramer didn’t say to sell. He’s sticking with his $750 target.
- Google was one of his "cheap expensive stocks" yesterday.
- 24/7 Wall St. pondered when the first analyst would predict $1,000 GOOG stock target.
Apple (NASDAQ:AAPL) is up 51% and Cramer said it’s time to at least take half of the position off and hold the rest.
R-I-M (NASDAQ:RIMM) is up 127% and Cramer said it’s time to at least take half of the position off and hold the rest.
Jon C. Ogg
October 23, 2007
Jon Ogg is the editor of the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers. We just released our first part of two of our "Small Cap Internet Watch List"for subscribers to see which stocks we think could be acquired (and bywhich suitors) under the right circumstances in the space. This yearalone we have discussed how aQuantive, 24/7 Real Media, and Web.com were acquired off this list;and you can see samples of this.