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View Full Version : Cramer's Mad Money Daily Recap 10/13/05 - Day of Atonement


Thierry Martin
10-13-2005, 10:51 PM
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Cramer's Mad Money Daily Recap 10/13/05

We have done our best to record the calls for you, but remember that the show is fast moving, and
sometimes Cramer bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah
chorus, backing up truck, creepy house of pain voice, machine gun, fanfare, toilet flush, all
aboard, applause, cash register, bear growl, bowling pins, and submarine diving alarm buttons all at
once, while he is screaming.

Please do your own research, and verify all information before acting on it. This summary of
Cramer's picks is not intended to replace watching the show, where his comments about the stocks
often include advice about entry and exit points.

Day of Atonement

Thursday's show was billed as a special "day of atonement" and Cramer made the following points:

- investors should learn from their own mistakes, and also the mistakes of others

- many mistakes in trading and investing arise from being too arrogant or too hopeful

- discipline is very important when the market is dropping like it is these days

- never bet against Mother Nature or the Federal Reserve

- sell at the first sign of accounting irregularities and stay out of this kind of stock until the
smoke has cleared completely - Cramer described how he lost $17 million dollars when a stock he
bought got cut in half from an accounting scandal

- Alan Greenspan's Federal Reserve will keep raising rates until the housing bubble has burst

- do as much homework as you can, and research your investments thoroughly, so that if a stock
you're watching goes down, you know whether or not it is a great buying opportunity or time to bail
out

- strong fundamentals overcome short-term fluctuations

- go after the safe money - stay out of sectors that are having meltdowns, don't invest in a "best
of breed" stock in a sector that is having a hard time

- when Cramer tells you to buy a stock he doesn't want you to throw all your money into one stock -
diversify

- buy, buy, buy doesn't mean buy it all now - it means study and do homework on the stock, and
accumulate your position slowly over a couple of weeks

- Cramer's picks can never take the place of your own research

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