Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 46.51

+3.0%

Dec 5 4:00 PM EST

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To: t2 who wrote (34887)	10/31/2008 2:41:57 PM
From: happy_camper	3 Recommendations Read Replies (1) of 207237

Cramer's not exactly a rocket scientist. On Monday he recommended selling U.S. Steel saying a PE of 2 was still too expensive. The stock dropped about $1.50 AH on his comments to $29.50. At yesterday's close U.S. Steel was $37+ just 3 days after Cramer's comments. This is a stock that had already fallen from $196 to $31 and only now it's a sell? As for Doug Kass he said Meredith Whitney was crazy back in February when she was hammering Citigroup. Douggy said he bought Citigroup at $27. I'm sure these guys get something right once in a while but to view anything these guys say as more than just entertainment value is crazy.

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