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Non-Tech : Cramer Touts

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To: Mark099 who wrote (326)10/8/2005 3:10:09 PM
From: tsigprofit  Read Replies (1) of 843
 
Cramer was very negative on a couple of China stocks yesterday too - NWD - New Dragon Asia was one of them.

I owned it a few months ago, and rode it up for around a 100% gain - then sold. He was just talking about it now - and saying these are not good investments - but like anything else - timing is everything.

He likes a lot of large cap stocks to me that you will be lucky to see 20-30% in a year - sometimes more like 10-15% - which is hard to make real money on for the small investor after commissions, etc.

But I do find his show very entertaining.

Take a look at the chart for NWD though:
I sold in the 2-2.50 range on the big runup in August. That was the time to sell IMO. It is coming back down now - was at 1.88 yesterday...
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