Did anyone see the segment on Cramer last night where a caller asked him about using stops? He said that he never uses stops and you should just keep an eye out on the market regularly. Otherwise, give your money to a mutual fund. I find it fairly humorous that he would say this because I tracked the original Action Alerts Portfolio. Stops would have saved his butt a bunch of times on some big losers.
And probably would have cost even bigger profits on the winners by getting blown out on the dips. Besides, Cramer monitors his portfolio by the minute; he obviously faiths up his pick and sticks with it.
well no, but sometimes the guy acts shocked that when he says stuff about a stock it moves. Thats just wrong, I remember when he use to rail on news guys for doing that. Endlessly railing, spending a week, just pummeling news guys for mentioning stuff about a stock, and moving it. how times have changed.
It's just a show people, you either watch it or you don't. Jeez, can't believe this thread is 50 pages long.