Edited by Tor, 12 October 2007 - 05:33 AM.
Short the SPX - following Cramer
Started by
Tor
, Oct 12 2007 05:26 AM
5 replies to this topic
#1
Posted 12 October 2007 - 05:26 AM
I lagree with Cramer, that guy is good on the market, contrary to what many people here seem to think. Sorry, but I just by what I see.
Personally, I like the down move yesterday, so am going short overnight.
I have a stop in at 1565.
ALL QUOTES ARE CASH BEFORE ANYONE STARTS GETTING FUNNY ABOUT IT. I am posting real time, so no manipulation etc.
On the size I am doing if my stop is hit, I will lose around $30,000. Not massive, but will hurt of course.
Good trading.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
Posted 12 October 2007 - 06:41 AM
There's a website that tracks Cramer's predictions. Unfortunately I don't have the link.
The last time I checked, his predictions about indicidual stocks' direction were correct less than 50% of the time, a week or two after his touts them. So many people watch him that his calls have a very short-term effect in the direction that he announces, the same way that those ridiculous spam emails get suckers to buy penny stocks.
To each his/her own.
Edited by Drano, 12 October 2007 - 06:42 AM.
#3
Posted 12 October 2007 - 06:52 AM
Yes. Here is an example of what can happen. Cramer was all over this name on the Tuesday show, giving it a take-over target of 34-60.
http://stockcharts.c...5793&r=3884.png
http://stockcharts.c...5793&r=3884.png
#4
Posted 12 October 2007 - 06:58 AM
good on markets poor on stocks. thats my view.
you can bea t a stock but you cant beat the stock market.
livermoor.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#6
Posted 12 October 2007 - 07:32 AM
Cramer rocks!