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Non-Tech : Cramer Touts -- Ignore unavailable to you. Want to Upgrade?

To: manalagi who wrote (418)	11/10/2005 11:03:20 PM
From: manalagi	Read Replies (1) \| Respond to of 843

Cramerica: He recommends a stock, keeps preaching NO Buy and Hold for L/T, but he does not say when to take profit. When Halliburton was at 66, he touted buy buy buy, King Hal he called it. He predicted oil would hit 70 like T Boone Pickens, but did not recommend to sell (well he did when oil hit 67, but then oil kept going up, and he changed to sell). Now that oil has come down, he predicted oil to come down to 50. His favorite Chesapeake is down around 26. He was still recommending when it was 35. All the analysts were bullish when oil was climbing around 68, would hit 84, and then 100, and then 110. They said that oil is still cheap in real dollars. They are all wrong. Now every analyst claims oil to come down to $ 50. They will be wrong again! So is Cramer.

To: manalagi who wrote (418)	11/11/2005 12:36:34 AM
From: Rolla Coasta	Respond to of 843

The stock gapped almost 7 points at the opening bell. I placed an order before the market open (very stupid move, emotional, afraid to miss the train), and sold it 3 hours later for grand gain. This strategy doesn't always work. It happens that IRBT has good perspective and a guy like cramer touting at the open. I don't think it would work in other stocks. Again ... to say over 70% you can make profits 5 days after IPO is NOT investing. This is gambling if you are a momo player.