Honestly, does anyone here really believe that hedge funds are all coming together today in a conspiracy to bottom out the market? Do you believe that now is the time to "back up the truck"? For a man who is Harvard educated, hired by Goldman Sachs and ran his own hedge fund, he sure has a funny way of doing things...He has never once pulled up a chart to show us the big picture. The following is a chart that I have placed up before. Its of the Vanguard Total Market ETF which loosely mimics the entire domestic market. http://stockcharts.com/h-sc/ui?s=VTI&p=W&b=2&g=0&id=p70534591875 You dont have to be a chartist or a professional to figure out what will happen next. The next obvious step is a 7% correction to the blue line. Its not about hedge funds, its just a simple and normal correction. Jim Cramer's Stop Trading! Ruth's Chris Sizzles By TheStreet.com Staff 12/1/2006 2:56 PM EST URL: http://www.thestreet.com/funds/stoptrading/10325499.html Cramer said concerns about an economic swoon are overdone and that hedge funds may be taking care of light volume Friday afternoon to spook bullish investors.
Actually, I bought in on CWTR for the retail holiday season. Bought it at 28.00 was out at 31.00. Bought again at 25.00 yesterday. Small moves work well in stocks like this. Also picked up SKS and DBRN. Made a four point spread on SKS (spec. dividend) and a three point spread on DBRN before it fell. Timing is everything. But any idiot can figure out that your odds you'd do well in retail for the holidays is a no brainer.
lol...there you go all you Cramer haters...his show today covered all his losing plays....hersheys, sirius, pnra, ford...ect... admitting his mistakes should make you all happy!
Gotta love how Cramer said, and I quote: "Competition is the enemy of capitalism." He said that tonight when discussing why he feels XM and Sirius need to merge. Adam Smith was no Jim Cramer. Jimmy Cramer should teach economics at the University of Chicago. Where's the rolleyes emoticon when I need it.
Ok here is another one that I couldnt resist. I am not perfect at my calls, but Im also not appearing on national television multiple times each day and playing with other people's money-lives. I will give credit where credit is do though. He did say GMarket and that is on a huge tear. Although, I think all the momentum there was because of Jim. It would have made a nice short term trade though. So let me start here with TRMP. Jim has been pumping Trump for a while now. Recently, the following article appeared on TheStreet.com: *** Trump's Philly Bet Is a Smart Gamble By Jim Cramer About this article: People aren't getting this Trump Entertainment Philadelphia casino story. I was down surveying the casino sites for which the licenses are up for grabs on Dec. 20, and it's obvious to me that the site Trump is going for -- the former Budd factory -- is the one that needs the most help. Having been born about 10 blocks from the now vast wasteland that is the Donald's choice of site, I must emphasize that he has to have the inside track. Plus his initiative is backed by Brian Tierney, who owns the Philadelphia Inquirer, and who would be a powerful ally to have. . . *** On November 10th, Jim did an entire segment about TRMP on his show stating the following: "Cramer's 'Mad Money' Recap: Roll the Dice for Trump By TheStreet.com Staff 11/10/2006 7:51 PM EST URL: http://www.thestreet.com/funds/madmoneywrap/10321524.html Click here for an archive of Cramer's "Mad Money" recaps. -------------------------------------------------------------------------------- Trump Entertainment (TRMP) is a stock that could be a good trade and a good investment, Jim Cramer told viewers of his "Mad Money" TV show Friday. The stock, which Cramer first recommended a year ago, is up a "cool 30%," Cramer said. And he expects it to go up even more. On Nov. 14, the company is going to make a presentation in front of the Philadelphia Gaming Board to open up a slot parlor in Philadelphia, Cramer said. It should get state approval, but even a favorable public sentiment should send the stock up. If it does get approval, Trump could "shoot up" $4, he said. Trump has become a "worthy casino stock," Cramer continued. It has put money back into its casinos by remodeling them, and it recently reported an upside surprise, he said. Everywhere the casino company remodels, growth is coming back, Cramer said. "Renovations are beginning to attract high-quality players." In addition, for years Atlantic City, where all the Trump casinos are located, "was a dingy environment," but now the city is starting to turn around. With Jim Perry, Trump's CEO, putting on a great execution, with the turn in Atlantic City and with the possibility of the Philadelphia casino being built, Trump could be worth at least $32, Cramer said. Trump closed at $22.05 on Friday. Cramer suggested getting into the stock before the company's meeting with the Gaming Board in November because "that's when the momentum should build." "Buy it before Philadelphia Gaming Board decides whether it should open a slot parlor in Philadelphia," he said. However, if market players can't buy Trump at a low price, he urged them not to buy it. Remember that winter is "weary" in Atlantic City, Cramer said, so people might have an opportunity to buy the stock in January -- if they miss the November and December trade. " ****** Actually, Jim has been mentioning this stock in some form each week, whether it be on thestreet.com or in one of his show segments, for the last three months. http://find.thestreet.com/cgi-bin/texis/find/results.html?qt=trmp ****** Today the following article appeared and tanked the stock: Trump, Pinnacle Lose Casino Bids By Nicholas Yulico TheStreet.com Staff Reporter 12/20/2006 12:23 PM EST URL: http://www.thestreet.com/newsanalysis/mediaentertainment/10328978.html Trump Entertainment (TRMP) , Isle of Capri (ISLE) , and Pinnacle (PNK) lost out on their bids to build casinos in Pennsylvania, sending their shares sharply lower Wednesday. The Pennsylvania Gaming Board met Wednesday morning to vote on several proposals for the first slot licenses in the state. A source with knowledge of the meeting said proposals for a casino called SugarHouse and an outpost of New England's Foxwoods casino came in No. 1 and No. 2, respectively, for licenses in Philadelphia, beating out bids by Pinnacle and Trump. Trump shares plunged 11% to $20.26 in midday trading, and Pinnacle fell 3.9% to $34.12. **** If you had bought in each time Jim had mentioned TRMP, then you would now be staring at a loss. At this point, the stock may even tank further as everyone was anticipating that Trump would win the bid.
It is my understanding, but I may be wrong, that he was down 6 million and spent until 2000 diggin his way out of the hole. Can anyone elaborate?
If you think anything said here is scary, look back and find his top ten picks at the beginning of 2000.(the dot bomb bubble).If I remember correcly ,six went under within 2 years,2 were bought at penny's on the dollar,one has merged with no premium,and the only one left is yahoo which is way off 2000 high.My recallection might noy be exact,but its close.He's only good as long as the market trends up,but then again so is the dartboard theory.
***UPDATE ON TRUMP*** Jim just recently posted this. However, if he knew anything about technical analysis then he would know that now is the right time to buy TRMP. I mean not RIGHT RIGHT now, but wait until it gets under 17 and then buy buy buy. Its range traded between 17 and 23... Taking Lumps on Trump By Jim Cramer About this article: Trump's proposal seemed to be the best, and it seemed like that trade had an edge. Our discipline says to take the loss and move on. If you hold it, don't expect any news until May.
***UPDATE SNMX**** It is now time to buy this one too. Bottom of range. It will go from present price up to 17 in 2-3 months.