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


To: Deliveryman who wrote (395)3/17/1999 9:50:00 AM
From: J. P.  Read Replies (1) | Respond to of 766
 
<<at what point do you admit you were wrong >>

Easy, I'll know whether I was wrong or right when my June put options either return a nice profit or expire worthless (or I decide to cover them at a loss).

And as far as what Cramer says, that is completely immaterial, ditto for all other gurus. You see, it's me that has to push the buy or sell button in my brokerage accounts.

Yes, I feel I'm a bit early on this call. The upward momentum here has surprised me, but I view it as only a temporary setback to my bearish bets. I think historic patterns, the charts, the market internals still point to a healthy downturn.

Just unwound a bearish bet on Micron that also initially surprised me with bullish momentum. I hung in there, and Micron rewarded me with a 30 point drop and a nice profit.