Drugs in CramerLand

[zyzzyva57]

Beware of Cramer's medical/drug calls--this ain't his metier:

http://madmoney.thestreet.com/index.cfm?page=picklists&list=4

His metier is electrical:

http://madmoney.thestreet.com/index.cfm?page=picklists&list=3

[George Costanza]

Wow, your post surprised me as I was thinking the same thing last weekend, and thought it was just one of my crazy ideas.
I noticed that a large majority of his worst calls ever were in the medical and pharmaceutical sectors. In addition, he seemed to have very poor timing with these and pumps some of them a week or so before stock-crushing news.
Because of this, I watched CEPH early last week , but my attention was eventually consumed by other stocks. Now I see that it tanked on Friday after an FDA rejection.
As I recall, the same thing to RHEO several months ago.
Very, very interesting.

[SWFseeksM4LTR]

Wow, your post surprised me as I was thinking the same thing last weekend, and thought it was just one of my crazy ideas.
I noticed that a large majority of his worst calls ever were in the medical and pharmaceutical sectors. In addition, he seemed to have very poor timing with these and pumps some of them a week or so before stock-crushing news.
Because of this, I watched CEPH early last week , but my attention was eventually consumed by other stocks. Now I see that it tanked on Friday after an FDA rejection.
As I recall, the same thing to RHEO several months ago.
Very, very interesting.


I bought CEPH on Cramer's recommendation. I am down $95.00. Cramer emailed me and said he even bought more shares on Friday! What should I do with mine? Please keep in mind that I am just starting out, and using my last dime on stocks with the "gambling"" hopes that I can make some money so I can get put of a terrible neighborhood with my straight-A daughter. :(

BTW, I loved you on Seinfeld. LOL!

[computeraces]

Let's home ALKS doesn't tank. I have that one.

[SWFseeksM4LTR]

Let's home ALKS doesn't tank. I have that one.

I also think he isn't too savvy on the toy/gaming industry. Remember his great LeapFrog recommendation right before Christmas? I knew that particular product sucked and couldn't believe he was giving it a buy!

I am losing money fast and definitely learning a lot!

LOL!

[George Costanza]

I bought CEPH on Cramer's recommendation. I am down $95.00. Cramer emailed me and said he even bought more shares on Friday! What should I do with mine? Please keep in mind that I am just starting out, and using my last dime on stocks with the "gambling"" hopes that I can make some money so I can get put of a terrible neighborhood with my straight-A daughter. :(

BTW, I loved you on Seinfeld. LOL!


Truly sorry to hear of your circumstance. I have lived in some awful neighborhoods so I can sympathize.
I wish I could give you an educated opinion on CEPH, but I really don't know enough about the company.

[zyzzyva57]

I use two filters on a stock--not necessarily in this order, but both:

http://news.moneycentral.msn.com/ticker/sigdev.asp?Symbol=ceph

and

http://stockcharts.com/h-sc/ui?s=ceph&p=D&b=3&g=0&id=p55054800518

Small drug/medical companies are dangerous for two reasons:

(1) As with any company, dump when it comes to Accounting Issues, legal or otherwise

(2) Drug/medical companies can have a drug or procedure pulled or questioned at any moment by the feds and before Wall Street has any inkling...With big companies, not really a big issue as with small companies...This is the real danger of any stock under $10: it is too dependent on one thing...I have just been burned with what I thought was a perfect small stock ("abxa") which Cramer, Greenberg, and even Barron's liked!

In sum, I would dump "ceph." Note: Cramer, for example, how he got viewers into Google cheap, got it up to $450+, but then as the stock headed south, he kept pumping to stay in, so his followers lost tons of money...WATCH CRAMER ON THIS: HE WILL PUMP A STOCK LONG AFTER HE SHOULD NOT...Cramer has strong points (dah), but he has baffling blind sides!!!!

Hadn't thought of it, but Cramer sux with toys..."toys" are too dependent on whims, don't you think. Playing with "toys" seem too gambling at the slot machine.

[madcowdisease]

PLaying these drug co.s before news releases is a gamble in and of itself. With Cramer and his ADHD I wouldn't listen to a word he has to say about this crap. Definately not his strong suit.

btw George, do you watch / like Curb Your Enthusiasm?

[zyzzyva57]

A drug in Phase III Clinical Trials is dangerous to gamble with. My Red Flag goes up when Cramer adds his pick depends on this phase of testing and with his bombastic inferred assurance it is almost assured--YEA, RIGHT! Look at his Worse Picks over all and go to the archieve and see what he said. Oh, he warns it is a gamble. I warn it is a Slot Machine Gamble! It might help if he would for once talk about Stop-Sells as an underpinning, particularly with his drug picks. Why he won't discuss Trading Stops to Sell ought to be the next thing we irk him into discussing. We did this here with After Hour Trading. This should be our next Irk Point. His core audience of Newbies really do need help on this more than being sent scurrying off to some foreign stock exchange to lose money.

[SWFseeksM4LTR]

A drug in Phase III Clinical Trials is dangerous to gamble with. My Red Flag goes up when Cramer adds his pick depends on this phase of testing and with his bombastic inferred assurance it is almost assured--YEA, RIGHT! Look at his Worse Picks over all and go to the archieve and see what he said. Oh, he warns it is a gamble. I warn it is a Slot Machine Gamble! It might help if he would for once talk about Stop-Sells as an underpinning, particularly with his drug picks. Why he won't discuss Trading Stops to Sell ought to be the next thing we irk him into discussing. We did this here with After Hour Trading. This should be our next Irk Point. His core audience of Newbies really do need help on this more than being sent scurrying off to some foreign stock exchange to lose money.

Thanks for your direction and help!

Where did he discuss the After Hour Trading? I was just thinking about buying options that were worth less after he mentions a stock on the show.

Happy Sunday!

[zyzzyva57]

Boy, this part was good--he was so mad with us here on this board Cramer even had illustrations to make his point! Maybe we can irk him into strutting his strengths more on the Secrets of the Temple, instead of so much freaking fluff!

http://www.thestreet.com/funds/madmoneywrap/10275430_2.html

[SWFseeksM4LTR]

I use two filters on a stock--not necessarily in this order, but both:

http://news.moneycentral.msn.com/ticker/sigdev.asp?Symbol=ceph

and

http://stockcharts.com/h-sc/ui?s=ceph&p=D&b=3&g=0&id=p55054800518



Thanks for the links. They do not show a pretty picture. waaaaaa!

hehehehe

[zyzzyva57]

These filters show a bad pic one-third of the time...So-so pic, 1/3...An great pic, 1/3 (e.g., look at this lovely gurl: http://stockcharts.com/h-sc/ui?s=gs&p=D&b=3&g=0&id=p55054800518

And this ugly thing: http://stockcharts.com/h-sc/ui?s=rheo&p=D&b=3&g=0&id=p55054800518

Run both through MSN's most excellent Stock Scout to get your other homework quick and ez

Its FREE Stock Screener in the lower left corner of the page is great to practice setting up the metrics that work for you--HOWEVER, YOU MUST RUN THE SCREENER IN IE AND DOWNLOAD THE FREE DELUX SCREENER--In FoxFire, you get a crappy Stock Screener

Cramer hates charts, but I find them excellent snapshots...Investopia makes charts even clearer to understand

[SWFseeksM4LTR]

Boy, this part was good--he was so mad with us here on this board Cramer even had illustrations to make his point! Maybe we can irk him into strutting his strengths more on the Secrets of the Temple, instead of so much freaking fluff!

http://www.thestreet.com/funds/madmoneywrap/10275430_2.html

that it was due to "this board"? Isn't there only about 200 people here? How about this...

"Cramer moves the market...board moves the show"

HAHAHAHAH

[zyzzyva57]

I am a Profiler by nature, so here are my observations: there are more visitors here who do not get involved with us. But do this: "Google" Cramer and note this is the only board like this one. Note, no newspaper nor magazine is climbing all over Cramer about the spikes in his picks, as you will find here. Last week, this built into a fever pitch. Almost nightly last week, Cramer addressed this issue of after hour trading and lemmings rushing in the next day. I farther suspect with the discontent I saw here last week, a few did write CNBC and the SEC.

Also last week, Cramer lighten up with the phony end of the Lightning Round as well as his stool throwing at the beginning.

He only did one of his dangerous "noodle" stocks of sending Newbies scurrying off to buy the stock on a foreign exchange.

Something is definitely in the air with CramerLand. If it ain't coming from us, then where? I don't care. I welcome his seriousness. I do not want him to swing the other way and become one of those verbose, yammering, gawd awful Talking Heads on the day side of CNBC.

I will boldly state one thing about here: you best believe Cramer visits. Does it have any affect on him or his show? I obviously have no proof. The after hour issue sure crawled under in his skin though.

[George Costanza]

btw George, do you watch / like Curb Your Enthusiasm?


Curb your Enthusiasm is brilliant! However, I only had HBO during the show's first year. So, I have had to rely on my friends purchase of subsequent seasons on DVD.

[zyzzyva57]

:)

[madcowdisease]

Curb your Enthusiasm is brilliant! However, I only had HBO during the show's first year. So, I have had to rely on my friends purchase of subsequent seasons on DVD.

Curb is brilliant I guess. It's clever how the the most trivial aspect of Larry's life gets blown out of proportion. Sometimes he'd be better off keeping his mouth shut.

[SWFseeksM4LTR]

Curb is brilliant I guess. It's clever how the the most trivial aspect of Larry's life gets blown out of proportion. Sometimes he'd be better off keeping his mouth shut.

Mix Curb and Seinfeld and YES...that is my life EVERYDAY! Sorry bout the yelling. Had a couple cocktails. LOL!

O.K. I am going to sell my CEPH and THI tomorrow. Now, will someone kindly tell me what time (California time) I should do that? When Cramer says 10:00, is that Jersey time?

I also agree about the chair throwing. I love it when he does it, but when he overdoes it, I get tired, physically tired, when I see him do it. And I also agree on the lightening round....I wish I knew WHO he eyeballs stage left when he says "Oh no, I am takin one more!". Is it his wife in the studio?

Now I am just babbling. I wonder if there is a "babbling" forum here?

Hugs to everyone and best of luck. George needs a good pick so he can get his HBO back on!!!!

:D

[BigBoi1881]

I have been a Cramer fan since he started Mad Money and Ive read his books. I must agree with you about him not knowing anything about the Pharmaceutical industry.

Back in March of '05 I decided to put my money into Elan Pharm when the stock dropped more than 70% in one trading day. The stock was trading at a high of $25 and tumbled as low as $3 within 1 month. A few callers asked Cramer about the stock and he basically said "Sell,Sell,Sell" when it was $3 and now its at $14 + climbing.

I only watch his show for entertainment values.


I am also invested in CRIS & VRX

[zyzzyva57]

HARD-KNOCK RULE: NEVER-EVER LEAVE YOUR STOCK UNPROTECTED WITHOUT A BUY-STOP!!!!!

This is very true with a drug stock

With "thi," set it at 5% to ride out the momentum, while with "ceph" set it a tight 3% to sell are what I would do

Cramer means about an 1.5 hours after the market opens

The market during this time frame is choppy as the big boys and gurls settle down to see what pisses them off or how they can be sociopathic as a herd...This is especially true on Mondays or the first business day after a Monday holiday

Why Cramer never mentions Trailing Stops baffles me

[SWFseeksM4LTR]

HARD-KNOCK RULE: NEVER-EVER LEAVE YOUR STOCK UNPROTECTED WITHOUT A BUY-STOP!!!!!

Why Cramer never mentions Trailing Stops baffles me

O.K. I am with www.optionsxpress.com. They have 4 choices when I choose

Sell:

Market
Limit $_______ (fill in dollar amount)
Stop $_______ (fill in dollar amount)
Stop Limit $_______ (fill in dollar amount)

????? :?: Obviously I am going to have to spend some time learning what exactly these mean. :? And your trailing stop and buy stop as well. Homework! ugh

Oh....and I thought Cramer should change the motto to: "Bulls make money, bears make money, pigs and lemmings get slaughtered."

HAHAHAHAHA

Thanks for all your help zyzzyva57 (do you mind if I call you Profiler?...much easier that typing in the zyzzyva57...and please everyone...call me Kat)

:p

Now I see SGP has some good news. CRAP! I sold my Cramer-recommended SGP at a loss last week. Where are my blood pressure pills? LOL!

[zyzzyva57]

I AM NOT FLAMMING YOU HERE IN ALL CAPS, BUT FROM EXPERENCE WITH SCOTTRADE, WHATEVER FIRM YOU USE, YOU MUST LEARN THE LINGO

THESE TERMS PUT THE ODDS MORE IN YOUR FAVOR AND NOT THE "HOUSE"

I learned Hard Knock U, but I am still learning, so take this into account on my take:

Let's use $1.00 to get the math simple-- Widget, Inc. stock is selling at a $1.00

A Limit (buy) order: to Scottrade, I put in a Limit to Buy to at $1.10...Its computer will immediately buy one share at any price from a $1.10 DOWN...I will NOT buy a share at $1.11

A Limit (sell) order: to Scottrade, I say I will sell Widget, Inc at $0.90...Translated: Scottrade's computer will execute a sell at any price from $0.90 UP...My stock will not sell at $0.89 for example

I am not sure at this point what your broker is doing, but with Scottrade (and all should act the same)...

I put in a Trailing Stop to Sell (TSS) Widget at say 5% (or any amount)...As the stock stays the same or goes up, my 5% tracks this rise...If the stock price slips, my 5% of the top amount stays the same....If Widget goes up to $10.00 and then starts heading south, the moment the price hits $9.50, I am sold!

Setting this is tricky as hell...Too tight, and you dump out too soon...Too loose, you lose...The genral rule is 6% to 3%, but it really depends on the stock...A small drug stock, you want to be fairly tight, because the FDA can shut it down at anytime...With your other stock, I would be at 5%, because the stock will probably experence some sell off that is normal...Mondays are just plain tricky...Oh, you can use money amounts or % with Scottrade...

Incidently, when I set a Trailing Stop, I set it usually till cancelled, but depending upon my time to monitor a stock, I can always go in and readjust it....If I am not sure about the price, I just set it at 10% just to be careful--I am still learning how to put the odds in my favor, but it starts learning how your broker does it

Hope this helps

[InvestingMoron]

Of course Jimmy C visits here. I'm actually quite surprised that he hasn't mentioned that some here want his head on a platter. Not a silver platter, that would be a waste of rising precious metals!

So, you wanna know why Jimmy C has toned down his rhetoric? The SEC likes eggs in the morning. And what goes better with eggs than some good ole bacon? He might have a good broom to cover his tracks, but electronic files and people's will are not as strong as he may hope. His old employees at Berkowitz can vouch for that.

A true supporter of terrorism, Jimmy C is. Pump those Israeli owned companies like it's going out of style and continue to oppress the Palestinian people. I'd like to see him publicly flogged and handed to the lemmings.

[zyzzyva57]

Boy, did you see his Monday show? No stool throwing or that phony ending to his phony ending of the "Let me strut my knowledge"--Oops, sorry, "Lightning Round," of course. CNBC has replaced his 9pm show with a gawd awful show. There are some Hounds from Hell biteing at his heels, or something is afoot. Of course, maybe this message board is helping him have a better show; however, this is network TV, so I doubt that.

[Zsuzsa]

that I'm going to have to disagree with you somewhat, maybe the druggies are dangerous to some, but I love them and what they have done for my little blossoming portfolio.

My rules so far are, keep really up to date, NO one hit wonders and try to buy at the low end of the 52 week and definitely at pre-Cramer pump prices.

Love ya babes SGXP and ACAD as they have done really well for me, round 20% gains, but since Cramer has had his eye on ACAD that may be the kiss of death...but I really think this co will come thru in the next few years since they are innovative enough to not put all their eggs in one basket.

We shall see....

[zyzzyva57]

I love it when folks here make $$$

:)