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Mr. Cramer opened his show this evening liking RADS. Although it gaped at the open on news, and then settled down, looks like some people got to liking it again at the end of the day. http://stockcharts.com/h-sc/ui?symb...AY_05&years=0&months=0&days=5&id=p08957700656
25% is far different than the 100% that it opened up at. UARM was supposed to go for $13 at the end of thursday, so when it opens at $31 on friday, it's clear to me at least, don't touch it. he said 25% that would be if it opened at 15-16 bucks a share. At 15-16 a share cramer thought UARM was a buy, at least thats what I got from his advice on the show. I'm not home so I will have the spreadsheet updated on monday. Good Trading to you all!
I missed the last couple shows. Have to admit that I usually watch ole Crazy Jim. Sort of like that horrendous crash on the interstate you can't help but stare at! Good trading to all. C
The web site you listed for Crameraddict.com is not working. Could you check it and see if a letter is missing? thanks.
Love your journal and how you are tweaking it. I was going to suggest you not buy at the open. I would say 90% of his picks gap up 40 cents and a lot more before the open. I will check some of his picks in earlier months to see if your new system works better. Only need to pick 3 out of every 5 good ones for a very profitable day. Also, if someone has access to an after hours trading system and can buy at a good price as soon as he announces, it would be a sure money maker. Finally does anyone know if his radio picks correspond with the picks on his show later that evening?
Again, So far this month we have: Realized Gains: $3,667 Unrealized Gains: $1,507 Total Gains: $5,174 Max invested at one time: $80,000 Holding 14 positions right now for $70,000 Attached is the spreadsheet.
Get to Work on Deep In-the-Money Calls By James J. Cramer RealMoney.com Columnist 11/21/2005 4:47 PM EST Click here for more stories by James J. Cramer Tough to fight this tape -- no, make that brutal. We are in the season when people can't help themselves, where managers feel they can tack on points just buy buying stocks and where sellers, so prevalent when mutual funds were taking gains and losses, now seem to only sporadic in nature. Plus, this week is one of those weeks where you can just feel the bullishness if you walk down Wall Street. How would I play this? What I used to do, in moments like right now, was pick the five strongest stocks, stocks like Apple (AAPL:Nasdaq - commentary - research - Cramer's Take) and Broadcom (BRCM:Nasdaq - commentary - research - Cramer's Take) and Marvell (MRVL:Nasdaq - commentary - research - Cramer's Take) and Google (GOOG:Nasdaq - commentary - research - Cramer's Take), and buy deep in-the-money calls on them for February or March. I would use them as my proxy for when managers start throwing money at winners. I would get 1,000 in of each, and then I would hope they came down! This strategy, which I used almost every Thanksgiving week until 2000, when I knew I was hanging things up at the ol' hedge fund, worked nine out of 10 times. Go to work.
Pretty good week for the market, which also means good week for the plan. Here is how the month is looking to date: Realized Gains: $5,666 Unrealized Gains: $ 566 Total: $6,232 Currently holding 12 positions for $60,000. Max buying power used in plan $85,000. Return so far: 6,232/85,000 = 7.33% Winning %: 58.82% Win/Loss Ratio: 2.21:1 Not bad, not bad at all, and December should be just as good I think. Attached is the spreadsheet.