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Non-Tech : Cramer Touts

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To: ~digs who wrote (4)7/30/2005 4:37:07 PM
From: Ron   of 843
 
Good idea for a thread. I don't watch Cramer but his touts are definitely moving some stocks. He likes to push certain ones just ahead of earnings. For example in the past week, I noticed gaps in MDRX and ILSE just ahead of earnings.He touted those. Thursday night he touted SWB and RGR, which coincided with some publicity on congress' likely move to reduce liability for gun makers.
And he touted BEAV just ahead of earnings.
Folks who are investors should be cautious. If you check charts on many of these, you will note they moved up fast, then dropped like a rock, creating a new layer of bagholders, who will dump the stock when and if it moves back up close to their buying point.
A look at the 5 day chart for ILSE is a good example.
finance.yahoo.com
Another tout example: NUVA
finance.yahoo.com
For traders, however these can be both scalping and shorting opportunities. Shades of Dan Dorfman.
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