Can't wait to see how Cramer explains away SHLD.

[coolio]

It's plummeting 10% today after it warned. Wow! What about his buddy eddie lampert? Wasn't he a card carrying member of the masters of the universe club?

[BuyOnDips]

Sometimes you pick losers. Cramer got it wrong, at least for now.

Last year I went to Sears to look for some polo golf shirts. Their clothing selection was just awful. Most of it I wouldn't wear if it was for free. I think the last thing I bought at a Kmart or Sears was a flashlight several years ago. I prefer Kohls or JCPenny.

[coolio]

I seriously looked at this stock when Cramer plugged it. Here's a couple of verbatim quotes from the man himself:

SHLD...is the Berkshire Hathaway of our time.

This is a $200 stock masquerading as a $150 stock.

My friend, buddy, pal, Eddie Lampert knows what he's doing.



Cramer may have done a whole show on SHLD with the Berkshire theme. I can't remember. In the end I did not buy because E. Lampert was trying out something groundbreaking that involved not calculating same store sales anymore. See ya!

[Billionaire Boy]

Consider PSMT, Pricesmart Inc as an alternative to SHLD. It is best in class in Retail-Major Disc Chains.

[wary_chipmunk]

SHLD has been steadily dropping for at least the last two months now. Yet Cramer never seemed to look at this, mention the sell word or criticize anything that was happening. But he was so quick to sell some of AAPL (5/31/07) on a spike, a month before the I phone release... He either royally screwed the call on SHLD or he doesn't what to upset E.L. I think in this case, it's obvious why he hasn't used the word sell with SHLD...

[Svenwulf]

SHLD has been steadily dropping for at least the last two months now. Yet Cramer never seemed to look at this, mention the sell word or criticize anything that was happening. But he was so quick to sell some of AAPL (5/31/07) on a spike, a month before the I phone release... He either royally screwed the call on SHLD or he doesn't what to upset E.L. I think in this case, it's obvious why he hasn't used the word sell with SHLD...

or maybe when you have a cost basis of 50-70 in shld, like cramer's trust, you can have the faith in someone like lampert (sp?) to make money in the long run? honestly, to hear folks whine like this about a 10-15% hit makes me suggest either tightening your stops, or lengthening your time frame. which kinda was cramer's whole thesis on the stock, right? certainly no one holds sears for it's retailing, and so one must expect disappointment in that division to drag down the share price. all said, i have never been a fan of buying wolves in sheep's clothing, which is my interpretation of sears (a hedge fund in a retail chain) but the returns can not be denied. for full disclosure i have no position in shld or any desire to research one.

funny how no one has started a thread about the 4-5 buy outs cramer has nailed so far this year. and thats only with my knowledge as a casual viewer.

ps- wary chipmunk, this is in no way a personal attack on you, just using your words to help illustrate my example. welcome to the board.

[wary_chipmunk]

Svenwulf
I agree with you and Cramer in the sense that SHLD has great management is going to rebound, later this year... Right now, for the people that held on to it, so what? The point is the stock was in the 190-180 range in early May, dropped steadily for the past two months... Why wasn't Cramer selling any before this dive in price? "The elements of good trading are cutting losses"....... Taking some profit and buying more now that the price is in the 150's. It is a question worth asking of Cramer and his relationship with E.L.

PS- I like Cramer, a lot of his calls are good and I do owe him for the knowledge he has taught me... On another note, personally, Svenwulf, if you would have bothered looking at any of my previous threads (05-19-2007), you would have noticed that I gave kudos to Cramer for his BUY OUT call on AQNT and VCLK. No one added anything to the thread. Where were you???

[Svenwulf]

Where were you???

probably too busy actually earning a living in the market- as mentioned, i am a very casual watcher of mad money. but let's refrain from a pissing contest, and agree that cramer is intended for the consumption of longer term investors and new market participants. although, after making and losing my share in the market, i am usually impressed with the accuracy of the "big" calls cramer does make. if you prefer chimps with dart boards, more power to you.

i apologize for not taking the time to research your previous enlightening posts. all 5 were money making ideas to be sure, but i generally reserve my personal commentary for other regs on the board. please let us know when you get approved for margin, okay?

additionally- consider the tax implications involved with gaming the 15% decline you mention. if we assume a long term hold in a balanced portfolio, perhaps cutting losses is best achieved through the more favorable cap gain rate, even more so if your basis was under 100/share. but this assumes shld finishes your fiscal year precisely where it trades today. but taxes have nothing to do with trading i suppose. best wishes.

[TonyM]

In all fairness Jimbo did stick by MA when it took a major dump on the last er and look at it now...that was a damn good call to stick with it. Another one that has impressed me has been NILE from last August, not sure how I've just stood by and watched it go up everyday, nonetheless another nice one.

I'm no Cramer cheerleader, but he is an easy target to hit, and those of us that are traders are probably hardest on him. I haven't watched CNBC in months but I remember his reasons for the SHLD call were definitely not for same store sales as Svenwulf pointed out. If I had a $50 cost basis in SHLD I damn sure wouldn't sell now if I hadn't done so at $190, but I probably would have taken all of my own money out already and just be looking at pure profit...if I was an investor listening to Cramer and following his advice.

He was also wrong on the CVX sell call recently (from an rss feed off of his website if I recall correctly), but hey a lot of people keep trying to write off the oils even though they are the ytd sector leader.

Disclaimer: I didn't research anyone's post history.

[billythekid245]

From a long term investment standpoint I still think SHLD looks good. Picking it up at these lower prices is attractive. The stock has taken somewhat similar hits in the past and has risen back up.

If anything, the stock still looks good for a trade. The price will, IMO, retaliate back to the 170s+ within a short term.

The retail end of SHLD is suffering, yes. But, what is the investment side of the company doing? What is Lampert's forte? To me it seems as though emphasis is being placed on the investment side of the company.

Would it be conceivable to split this company in two? So that a retail professional can focus on that side of the company?

Your thoughts...

[wary_chipmunk]

Svenwulf
I have to apologize about being a hothead and the terse message. I wrote it on my lunch hour and was having a very bad morning. Please excuse... But I still question Jim’s action or lack of action with SHLD…

[Svenwulf]

Svenwulf
I have to apologize about being a hothead and the terse message. I wrote it on my lunch hour and was having a very bad morning. Please excuse... But I still question Jim’s action or lack of action with SHLD…

indeed it is i who should apologize. after reading my response, i was shocked at the tone- totally unnecessary. and we wonder why we dont get more posters....

i do stand by the point that cramer was getting undue flack for the shld call, and i get the impression you agree. but as he starts every show- its about making money, not making friends- i do think there are many other factors to his shld call then his friendship with lampert. i saw the show the day shld announced. i was disappointed his response was buried at the end of the show, but am willing to chalk this up to the whims of editing for tv format. the point i got from his brief response was he was not expecting the news (few earnings warnings are scheduled) was unsure as to the magnitude of change it could present to the investment, and would return after doing more research. something like, "am i selling? no. am i buying more? no." i guess even cramer gets to waffle on occasion.

again, though, wary chimpmunk, in as sincere a tone possible, welcome to the board. many good folks usually ready to help, despite my initial rude welcome. best wishes.

[gunther92]

I Love Shld And Bought All The Way Down There Is No Explaining Away This Is Definatly Going To Be Mad Money For The Medium To Long Term.