<I saw Cramer the other day commenting TBR on CNBC, you can't find a more bullish guy on earth. I have the feeling that the guy is indeed an actor rather than a serious analyst.>
Good morning Jim,
I,d have to agree with you. Most of the picks he has made have been poor. Just a couple of weeks ago he bought a ton of bonds, they crashed the next day, this was suppose to be a one or two day trade, terrible call. He also said he was buying Dell like no tomorrow when it was 96 or 97 or so, sure it went up to 100 plus, but it came down soon after. Another call of his when the market was 8,000 plus and having one good day after another, "he said" were hitting 9,000 with no problem. Seems to me he goes with the flow and has never made call that would suprise anybody.
The only good call as I can remember is his prediction that Ascend is going down big time. Well, it went up first to 55, then to 37, then to 55 again & finally to where it is today. I actually made some money on some puts, not to say I followed his advice, I can assure you it was my own call. I wouldn't do a thing he suggested, JMHO.
As far as MUEI is concerned, well 13 seems to be the bottom with recent support at 14. I believe, with some upward movement in the overall market, we should see a move to 16 3/4's or so in the next two weeks. A move to 20 will not happen till after next earnings anouncement, unless of course a buy out should happen or even a good rumor, which I feel is slim at this point.
It's good to see some negative sentiment, otherwise I would be worried. Christmas season is upon us, cheer up eveyone, all is not lost, the company is solid, MUEI isn't going broke anytime soon.
Good luck, see ya! |
