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-   -   Oh No! Cramer Recommends a Stock I Own (http://forums.pelicanparts.com/off-topic-discussions/344898-oh-no-cramer-recommends-stock-i-own.html)

competentone 05-04-2007 06:01 PM

Oh No! Cramer Recommends a Stock I Own
 
I'm overweighted in GSS (gold miner), owning both the stock and call options.

I was very confident about my position, but now Cramer recommends it:
http://www.thestreet.com/_yahoo/funds/madmoneywrap/10355011.html?cm_ven=YAHOO&cm_cat=FREE&cm_ ite=NA

We got a nice bounce after-hours -- because of his recommendation.

I think that the people who follow Cramer are, for the most part, complete idiots. I try to trade in a contrarian position to people like Cramer's followers. It is going to be difficult to continue to hold GSS knowing that his "wack-job" followers will be buying/holding shares along with me....


:confused:

legion 05-04-2007 07:27 PM

Don't some people on this board make a few bucks by shorting his recommendations in after hours and buying them back the next day (when reality hits)?


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