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To: jjstingray who wrote (84133)10/14/2003 4:41:56 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
Couldn't tell you... Not sure how he gets 45 except to multiply current price by 1.5...



To: jjstingray who wrote (84133)10/14/2003 4:59:20 PM
From: byhiselo  Respond to of 209892
 
$45 is 50% fib off all-time highs,

i think it has a fair chance of seeing it first half of next year...in the meantime, i'm looking for this market
to check out the sights downtown g

SPX 950-960, book it and see ya then

cheers



To: jjstingray who wrote (84133)10/14/2003 8:19:26 PM
From: bcrafty  Respond to of 209892
 
Yes, sometimes even he is right

I'm well aware that Cramer is the pundit almost everyone likes to ridicule, but sometimes he is right and deserves appropriate credit.

Last summer in New York magazine he picked five stocks, all of which he had bought based on fundamental rather than technical reasons, and recommended them to his readers. Just for fun I decided to track his picks. Below is his scorecard, with the name of the stock, the 7/31 price (approximate time of recommendation), today's price, and percentage gain:

ABTL - 6.37 - 12.30 93%
CHTR - 4.33 - 4.59 6%
CNXT - 4.79 - 6.01 25%
VCLK - 7.76 - 10.50 35%
ET - 8.70 - 11.18 29%

While I'm no fan of his and rarely read him, one must admit that this is not a bad score for a guy people constantly deride as a know-nothing. If his picks are just luck I'll take some like that, thank you.