"if A Stock Goes To 80 It Is Headed For 120" Another Cramer Rule!

Discussion in 'Trading' started by dsq, Jan 10, 2008.

  1. dsq


    Cramer last year was saying that if a stock hits 80 it will then go to 120.This was kind of a weird rule because its really a momentum based hypothesis that really is a daytraders game not a conservative investor's(ie jim cramer right?).
    I can understand how he came up with such a wacky rule but you gotta be hitting the bottle hard!

    Although when the market is going gang buster as it was last year this kind of weird logic did sometimes pan out somewhat,i dont think BA and cat (2 of his recommendations based on his hypothesis)never did reach 120 after they hit 80 as cramer was screaming for everyone to buy.
    In fact this insane momentum hypothesis was another market top indicator.