Damon
02-01-2006, 08:28 PM
Funny how Jim gave Bookham Inc. (BKHM) the bears only a week ago on Mad Money while telling everyone to go out and buy JDSU. Both companies make optical components for fiber optic systems.
Jim had reccomended JDSU a couple of times in January and I have a few bucks to spend, so I had toyed with buying it early last month. However, wanting to avoid the pullback after the Cramer pump on JDSU, I also looked at similar companies as well.
One company that I gave special attention to was BKHM, since I had owned it in the past. I rode it down for a 15% loss in 2004. It had been on my watch list since I sold it, and I watched from the sidelines when it popped in late March 2005 and began its ascent from a low of around $1.60. It looked as though the company was getting its house in order and may be a good buy at this point.
When Cramer again pumped JDSU on Mad Money on 01/20/06, I had a few bucks to spare, had done some "homework", and I figured I'd buy some JDSU. I also decided to buy an equal share of BKHM against Cramer's advice (he gave BKHM the bears on the Jan 20 show). I picked up some JDSU on the 21st @ 2.95 and some BKHM @ 6.00. At today's close, I'm up 6.4% on JDSU and over 15% on the stock that Cramer gave the stinkeye - BKHM. Add to that another 23% pop after a Cramer reversal and a BULLISH call for BKHM on tonight's show.
I'm doing a happy dance right now. I'd like to buy Jim a beer. :D :D :D
http://www.thestreet.com/_yahoo/funds/madmoneywrap/10265904.html
Jim had reccomended JDSU a couple of times in January and I have a few bucks to spend, so I had toyed with buying it early last month. However, wanting to avoid the pullback after the Cramer pump on JDSU, I also looked at similar companies as well.
One company that I gave special attention to was BKHM, since I had owned it in the past. I rode it down for a 15% loss in 2004. It had been on my watch list since I sold it, and I watched from the sidelines when it popped in late March 2005 and began its ascent from a low of around $1.60. It looked as though the company was getting its house in order and may be a good buy at this point.
When Cramer again pumped JDSU on Mad Money on 01/20/06, I had a few bucks to spare, had done some "homework", and I figured I'd buy some JDSU. I also decided to buy an equal share of BKHM against Cramer's advice (he gave BKHM the bears on the Jan 20 show). I picked up some JDSU on the 21st @ 2.95 and some BKHM @ 6.00. At today's close, I'm up 6.4% on JDSU and over 15% on the stock that Cramer gave the stinkeye - BKHM. Add to that another 23% pop after a Cramer reversal and a BULLISH call for BKHM on tonight's show.
I'm doing a happy dance right now. I'd like to buy Jim a beer. :D :D :D
http://www.thestreet.com/_yahoo/funds/madmoneywrap/10265904.html