Man, you gotta be nuts! LOL! They are running 100-1 against me, and you're gonna come out and agree with me? The only guys agreeing with me so far are the guys sending me PMs but NOT posting here on the thread. LOL. I agree with your point #4. I'm sure he would have been bullish had he been asked about the stock. By the way, that was one helluva call on the ES if you stuck with it. OldTrader
I know you don't follow sentiment but that 100-1 is a reliable fade.... Cramer's a tool. Took 40pts out on that ES. Only problem is 40pts on a 5 lot is 10k and I lost 300pips on 10 Swiss for -37k. Position sizing is an art I've still not mastered.
All you gotta do is figure out which one of those is gonna work out, and then don't put the other one on. OldTrader
My apologies if this has already been mentioned, because I did not read every post but Cramer was called on this by Erin B. on CNBC and he stated taht he was not referring to BSC common shares, which he had said were worthless days before, He was saying not to remove your accouny if you had money invested WITH Bear as it was guaranteed and safe. He further said they would probably get boughrt out. He claimed it would have been reckless to tell everyone to close their accounts with Bear, as it would have caused a run on them.
The thing that sux is deep in our subconscious we do know. We all seem to possess some Medea in us. "I know indeed what evil I intend to do, but stronger than all my afterthoughts is my fury, fury that brings upon mortals the greatest evils."
HAHAHAHAHAHAHAHAHA!!!!!!!!! So Cramer was acting in place and stead of the Federal Reserve, telling the person who asked him about BSC not to withdraw money because he had concerns about the solvency of Bear Stearns!!!! That's his explanation??? HAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!! (Money in deposited accounts is NOT safe, even if that's what was intended, unless it's FDIC insured account [or to a lesser degree invested in equities - not in standing cash - under a SIPC (privately insured) account]). What a lame ass tool Cramer is.
maxx - please read my posts in this (getting longer) thread. on mar 11, on wall street confidential, he said BSC was a buy. on mar 6, on mad money lightning round, he said BSC was a buy. here's the money quote from wall street confidential (posted earlier on the thread): *** "my sources indicate that bear is totally solvent" "the two points i want to make are that bear is not in trouble; i want to make that point vociferously..." "bear is now one of these companies that's selling well below book...normally with a brokerage i want to buy in the money calls...i'm a little gunshy at this point, but i know that i would buy a small position in bear options because it's too low, it fell too fast, and i don't want to buy a position when the stock is up." *** maybe, JUST maybe, in the mailbag he meant the company wouldn't go under. but earlier in the day he had said (at the very least) the options were a buy. a few days earlier, he said the equity was a buy - and he didn't believe anything had changed in the meantime.
didnt he recommend tma?? crox-csco-ua...in oct/nov 07 he recommended them right into earnings day....-