PDA

View Full Version : Cramer's retail Stocks another disaster call


metron9
03-28-2008, 10:02 AM
06/18/07"benefit of the doubt" transformational CEO will take stock back to 87 - backing up the truck

Stock was at $75.08 per share

01/31/08when rates are coming down you buy the retailers, financials and homebuilders - estimates were lowered today creating a buying oppty - the stock should go much higher -02/07/08co is turning the corner - has a good qtr at hand - partnership with Ralph Lauren (RL) helps (starting Feb 19th) - has great online sales that will start to be reported this qtr

Stock was at $47.00


Today we see JCP has reduced their outlook and the stock has dropped to $35.00 a nice 14% drop pre market.

I remember watching the show 01/31/08 and 02/07/08. All this guy does is rotate from sector to sector recommending stock after stock that drops 50% and more from his initial recommendations. If anyone just made random guesses they would do better. With all the experience this guy has in the market he has learned NOTHING.

He had no idea that people were using their homes and second and third mortgages to buy everything they wanted and that that was going to come to an end and based his call on dropping interest rates from the Fed as if we were in a bull market with rising home values.

Please Cramer, get a clue.

metron9
03-28-2008, 10:37 AM
Just like BSC, CNBC has Cramer to the Rescue on this morning where he trashes JCP for bad execution, bad management and says he sees no reason for the stock not to go to $16.00 from here.:confused: So I should short it from here cramer?

First he loves it, says buy it, back up the truck at $75.00 and then after it crashes 50% he says sell it they suck. Now they can post a cramer advertisment that says cramer said to sell JCP.