WTF is 'Conversation'? And why does Jim Cramer think you'll buy his shorted Apple Stock?

Seth Weintraub
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April 21, 2008
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According to popular/controversial stock analyst, Jim Cramer, Apple will be releasing a product called 'Conversation'.  It is supposed to be some sort of Instant messaging client.  We know Apple is releasing AOL IM with iPhone 2.0 so perhaps this is what he is speaking of. 

Update: According to the Video on CNBC  he was referring to iChatAV - which is a 5 year old product that anyone who has remotely aware of Apple products would have known about for years.  TheStreet.com (which Jim Cramer cofounded) misreported his comments.

Cramer fans, flame on!

Comments (8)

9to5Mac Noob (not verified) | April 21, 2008 - 3:55pm

If you had been listening to what he said, he was referring to the fact that his daughter would rather have a conversation in front of the computer via videoconferencing than to talk on the phone. He hailed that as a major long term shift and that Apple stock would benefit from the shift. No new product, just a shift to kids using existing tech that Apple has made very easy to use.

9to5Mac Noob (not verified) | April 22, 2008 - 12:49pm

HAHAHAHA...All the people in this thread are idiots. Obviously Cramer was upping the stock price ahead of the massive drop that hit this morning. IF you listened to 9to5mac, you saved $10/share. Dumping it with Cramer.

9to5Mac Noob (not verified) | April 21, 2008 - 4:13pm

If you had been listening to what he said, he was referring to the fact that his daughter would rather have a conversation in front of the computer via videoconferencing than to talk on the phone. He hailed that as a major long term shift and that Apple stock would benefit from the shift. No new product, just a shift to kids using existing tech that Apple has made very easy to use.

9to5Mac Noob (not verified) | April 21, 2008 - 4:36pm

Although it sounded terrible in real time, I think Cramer's comments about Bear related to whether you should take your money out of Bear the investment house, not out of Bear Stearns common stock. He was essentially right, since deposits there have become effectively guaranteed by the government.

9to5Mac Noob (not verified) | April 21, 2008 - 4:49pm

FYI

9to5Mac Noob (not verified) | April 21, 2008 - 6:55pm

http://homepage.mac.com/philrobin/conversation/

9to5Mac Noob (not verified) | April 21, 2008 - 10:02pm

Thank you for proving you are just as ignorant as the rest of the media by stitching together clips of Cramer to try and make him look like an idiot. If you knew anything about finance or that show, you would know that the question posed to Cramer was whether people should take their money out of their B.Sterns accounts, NOT THE STOCK. So it turns out that Cramer was exactly right, the banks liquidity was saved by...."a takeover"...hmmm, that sounds familiar..OH, THAT'S RIGHT, Cramer just said that!! But go ahead and jump on the biggest bandwagon of misinformed morons out there and prove that YOU indeed are the idiot. Maybe you should put more effort into making sure you publish something that is correct instead of spending time trying to tarnish another persons image. That's a true sign that you're a nobody when you have to do that.

buyandhold (not verified) | April 21, 2008 - 10:22pm

What made many people think Cramer was talking about BS stock is that the stock chart flashed up on the screen as he was talking about Bear Stearns. And while he was correct in saying that Bear would probably be taken over he was incorrect in stating that Bear was going to be fine. Bear was not fine. It is not fine and he should have told people to dump their stock while keeping their money in the bank which is federally insured.

So Cramer lovers, did he put up the big Bears on the screen to tell holders of Bear Stearns stock to get out? NO! He thus gave the impression to his ardent followers to hang on to their BS stock and those who did got creamed.

I don't watch Cramer too much because I don't like his schtick and I tend to just buy and not sell. And I don't buy anything I don't know thinking I'm going to make a quick buck. I know a guy who is an avid watcher and he's always losing money on things he knows nothing about. That's not my gig. If I wanted to gamble with my money I'd go to Vegas.

BTW, I told my friend to buy AAPL at 40, 60, 100 and he finally pulled the trigger at 120. He was going to sell at 165 but I told him to hang on. I hope we don't get another dump after the earnings but if we do I'll just stay put and when the new phone and new Macs come it'll go bonkers again. That's a pretty safe bet.