Cody Willard's Mailbag

The markets continued upward this week. The Nasdaq, S&P 500 and Russell 2000 hit multiyear highs Friday, though they quickly turned tail and faded in the afternoon.

Lots of great email this week. Nothing panicky on Apple (AAPL - Cramer's Take - Stockpickr), as the stock popped off news that the company had released a program that will enable the Mac to run either Apple's OS X operating system or Windows. Of course, Apple turned tail with the market and faded Friday afternoon.

Here is some of the best email I received this week, along with my replies.

Emailer: I remember reading that you did some trimming of PortalPlayer (PLAY - Cramer's Take - Stockpickr) last week. So I was curious to find out your thoughts on this week's action. We see an upgrade on Monday with about a 4% gain. On Tuesday I didn't hear anything out there about it but the stock loses the previous day's upgrade gains and then some. Now we're on Wednesday, where it receives a downgrade. I thought I saw it down as much as 5% to 6% in premarket and it fights through that downgrade to turn positive over 1%. Do you have any thoughts on this kind of action in a stock that seems like it's very hated? Could this be positive, negative, or just nothing big? Thanks for your time, bye.

Cody: I don't read much of anything into a few day's action in a single stock, but what I do read into this example is that PortalPlayer is definitely overhated. Now if the fundies are okay, then this stock is a screaming buy. I'm not trading it here, though, and am just holding some common.

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Emailer: Cody, the Apple Intel chips use a 32 bit system, but Windows is going to a 64 bit system. Why would anyone want to run XP on a Mac? They buy these things to get away from XP ... requires a reboot, too; this stuff raises serious enterprise questions for us, Cody...