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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (660)9/19/2005 7:57:21 PM
From: Kevin Podsiadlik  Read Replies (1) | Respond to of 6370
 
I have to agree, I don't hold out a whole lot of hope for CNXT sustaining $2.00 tomorrow, but youneverknow. Wasn't too long ago CNXT took off from these levels and didn't stop until it was over $7. And Cramer? One of its most prominent bulls back then, too.



To: RockyBalboa who wrote (660)9/20/2005 9:36:11 AM
From: cubsfan  Read Replies (1) | Respond to of 6370
 
Gee - thanks for the education on after hours trading.



To: RockyBalboa who wrote (660)9/21/2005 9:46:10 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
I took back the CNXT i didn't own, they went a bit cheaper today. The offers in the stock seem to be heavy <1.81>.



To: RockyBalboa who wrote (660)10/25/2005 5:43:28 PM
From: RockyBalboa  Respond to of 6370
 
yahoo.businessweek.com

But just how valuable is a Jim Cramer pick that's revealed after the markets close and jumps sharply before average investors can buy the next morning? Consider Conexant Systems Inc. (CNXT ), a semiconductor fallen angel that once traded above 30. On Sept. 19, Cramer made it his pick of the week after it closed at 1.63. The next day, it opened at 1.94 and went as high as 2, a 23% spike, with 82 million shares traded -- nine times the daily average. "Look, it's difficult," he says, blushing. "I was at Kudlow & Cramer for three years and could have stood on my head to recommend a stock, and it would do nothing." He takes a moment to think it over. "My bottom line is, this is a complete work in progress. If I had to do it over on Conexant, I'd say you're an idiot if you buy it at 2."