this time a homey warns and it goes down, so it's clearly not safe to go back into the water yet <g>
separately, cramer had been calling himself dr. UNH for months, basically giving 7 thumbs up to the stock as his best idea...now that the stock has dropped from like 65 to 43, and bounced to 47, he says it's a sell because it's going back to 43...i wonder where he said it was a sell before, one of those cramer watch sites probably knows
he also extolled PG for months as a tremendous buy due to their purchase of gillette and how much leverage that would give them with WMT, etc., said there would be huge cost savings and people just weren't understanding the great synergies, etc. blah blah blah...now on today's stop trading waste of time noiser he says it's going down to 50 and it's probably better to buy kimberly clark, so apparently at some point he lost interest in PG as well...he doesn't think they overpaid for gillette, but investors seem to think so, so might as well sell the stock...there's some good thinking, the sheep are doing such and such, so let's be sheep too
compared to his radio show, where i think he by and large helped the people who listened, this kind of nonsense isn't going to do anyone any good...it's almost like he is turning into the people who could have used his help, instead of them turning into better investors...the fear and greed he should be helping them avoid is instead taking over his "investment" opinions
maybe we should start using him as a contrarian indicator, when he gives up on a stock, it's probably time to buy it <g> |
