Sotheby's

[PMitc34947]

So what do people think of Cramer's pick of Sotheby's? I just read the following article which claims that not Japan, but the new wealth in Southeast Asia and Russia has created the new boom in art collecting.

http://www.newkerala.com/news2.php?action=fullnews&id=8332

What do people think? I checked out Sotheby's site and I think the impressionist art auction Cramer talked about is over a few days in late April into early May. Do I ride this thing up to the last week of April?

Thoughts?

PM

[zyzzyva57]

The key on this gamble is buy low and be patient until May. Daily check the "bid" website. Then when you see dates for action (auctions), set your Trailing Stop to Sell at say 5%, then tighten your stop if you get action up and/or May is ending. If you get action, remember do not be a hog.

I like Cramer's pure trades if he can provide a Time Line to monitor so I can set Trailing Stops.

If you have a gambling spirit, I say go for it :) I may well join you.