On today’s episode of Mad Money with Jim Cramer, Jim recommended selling out of all but a quarter of positions in Apple (AAPL). Unfortunately for Jim, he may have completely missed the boat on this one, because AAPL is headed much higher.

“I do believe the stock will get its head handed to it the day that the stuff gets out.” (SOURCE)

The comment was in response to a question posed by a watcher of Mad Money, and Cramer made it quite clear that he believed AAPL would hit a top, at least in the short-term, after the iPhone is released. In reality, the release of the new iPhone should just be the start of the Apple Inc. revolution. Here are some key dates that all investors and consumers should know.

The Wall Street Journal will host the “D: All Things Digital” conference starting the 29th through the 31st of May. Inside the conference will be a historic joint appearance with Bill Gates and Steve Jobs,which is being tauted as the highlight for the entire event. The Gates/Jobs event will take place on Wednesday, May 30th, 2007.

Next up is the WWDC (Worldwide Developers Conference), which runs between June 11th and 15th. One the first day of the event, Steve Jobs will be expected to deliver the traditional keynote address and beta test copies of Apple’s new operating system, OSX Leopard. Also, rumors are beginning to emerge about a possible update to the Apple line of MacBook Pros.

Last, but certainly not least, is the event that consumers and investors have been waiting quite some time for, the release of the all-new Apple iPhone. The closest estimate to the release of the iPhone is slated towards a late-June release. Rumors about a possible WWDC release of the iPhone have also made sense, but here’s a look at a few key dates for the possible release of the phone:

• iPhone Training (AT&T (T) and Apple employees will be highly trained and knowledgeable about the release): May 30-June 20th
• AT&T Vacation Blockout dates (employees have been asked to refrain from going on vacation due to estimated large customer service call volumes): June 15-July 15th
• Confidentiality on FCC Documents (user manual, photos) expires June 30th

All these details lead to only one conclusion, a bullish scenario for Apple’s stock, potentialy well into the Summer season. Looking further into the future, Apple’s stock should have an enormous rally surrounded by the Christmas buying season, which may ultimately be highly dependent on the initial reviews of the iPhone. Jim Cramer may often have his wits about him when stock picking, but this semi-bearish sentiment sounds just plain wrong.

Disclosure: Long Apple Inc. (AAPL) and AT&T (T).

Update: Apple revealed today that they will be introducing a 160GB Apple TV for $399. Apple TV is slated to have YouTube by mid-June as well.

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This entry was posted on Tuesday, May 29th, 2007 at 9:45 pm and is filed under Jim Cramer, Apple (AAPL), AT&T (T). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.