Hey Cramer!: Why are these financial writers and pundits so negative all the time? I own China Unicom and have been anticipating the release of Apple's iPhone in China. It finally came out and all I read anywhere is how "lackluster" the sales have been, yet when I see pictures out of China the lines are long and stores are crowded. What gives with these guys? Can't they ever find good in anything? –Chuck in Pennsylvania
Cramer says: “I have been buying CHU for my charitable trust … people are really, really making a mole hill out of a mountain here. I think Apple’s sales are going to be gigantic in China. I continue to like both CHU and Apple.”
Dear Cramer: Since the beginning of August I have noticed that the Dow Jones Industrial Average and some stocks have switched from seeing support at the 20-day moving average to support at the 50-day moving average. Is this a bearish sign for the economy? From a fundamental standpoint, why does the price of a stock even care if it touches these averages? Are the big money managers driving these rebounds off the averages? –Bill in California
Cramer says: “Big money managers tend to be technicians … I think you should completely discount this and focus on the fundamentals of the companies, not the 20-, 50- or 200-day moving average … I pay attention to [the charts], but I make my decisions based on my homework on the fundamentals, and so should you.”
Cramer's charitable trust owns China Unicom.
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