Ive watched CROX run up ever since its IPO. I can not believe the amount of hype around these foam pieces of shit shoes. These things are a fad and this stock is going to die. I have been patiently waiting for a good time to short and I think the time has come. With yesterday's rate cut, the market is up over 400 points in 2 days. Today the market is booming up 100 points and CROX is lagging hard (down 3%) while every stock on my radar is green.
Crocs has a large short interest, 16% of the float. I am not the only one who wants this thing to tank.
The resistance is at $62. It is currently banging on the support at the $55 level. The next support level down is at roughly $49.
I am going to try and short this thing down to that level.
Today Alan Greenspan (former chairman of the federal reserve) predicted that the stock market is about to crash. Great...
"The behavior in what we are observing in the last seven weeks is identical in many respects to what we saw in 1998, what we saw in the stock-market crash of 1987."
If I am going to believe anyone, its him, hes been there, seen these things happen, RAN THE SHOW. He is the only person in the market that I respect more than Cramer.
SIRI has been a hot stock since day one. It is super hated on because frankly, no one listens to satellite radio. Sirious and XM have announce a planned merger for some time now and have not yet gotten the gov. approval. This has been the longest approval process ive ever witnessed leaving many to believe that it is not going to happen.
Today, former FCC chairman, Mark Fowler made public that he is behind the merger and believes it will go through. Investors have been waiting for a catalyst and I think this is it.
I am going to buy half a position now and probably another half when more news is released.
This morning VMW opened @ $70.18 after closing yesterday at 65.99! The reason... Jefferies (some monkey analyst) raised their price target from 71 to 74. When I saw this thing high flyin i put in my sell order at 74. If it went to that target on the same day it was set I was sure it would sell off.
So what happen? VMW soared str8 to 74... well 73.95 anyway! This didnt pull my trigger so i had to adjust down to 73.50 where I did get my fill. I will DEFIANTLY get back in this stock, maybe trade it a little. Either way this stock is staying on my main watch list.
Bought Aug. 15 @ 51.99 Sold Aug. 22 @ $73.50 +21.51 per share +41.4% in 5 trading days
I think this is my all time record... Ill havta check.
I have to cut back on my Jamba habbit. The stock didn't do what I expected so I need to get out. I am going to sell half of my position today and hope for a nice bump so i can sell the other half. I can't be hanging on to trades like this.
Oh man was I right about VMW. I only wish I picked up more shares in the 52-55 range. Today it hit an all time high of 64.76 on a simple coverage initiation. I think this stock has a one way ticket to $80 where it will stall and probably take profits before its off to $100. There is no way I am going to miss this one.
On Aug. 6th I couldn't believe it when I saw a video of Cramer on the homepage of Digg with over 2000 diggs! What was all the fuss about!? I've seen Cramer flip out 1,000 times but never like this...
This was seriously Cramers biggest meltdown to date, but that's just because he knows when he is right and is not afraid to hide it. Cramer knows the market better than anyone and still the bashers continue to peck away at him. He is just such an easy target! Who else puts their neck out on the line EVERY DAY making calls on the market for the benefit of EVERYONE. It looks like more than just homegamers are paying attention.
Aug 17th Bernanke did exactly what Cramer told him to do. He cuts the rate to 5-3/4% or 50 basis points. We know he reports directly to Bush, but who is that other guy whispering in Bernanke's ear???
A popular topic of Cramer's book: Watch TV Get Rich, is that when Cramer is serious about something you can tell. Most of the show it seems like he is just goofing around, because he is, but when Cramer wants his viewers to know/understand something, he makes sure they are paying attention.
This was a classic example of Cramer knowing what to do and him making sure his viewers are listening. I wonder if he knew Bernanke reads Digg?
VMWare went public yesterday and popped 79% on the first day. The company's market cap is set at $19 billion making it the 5th largest software company on the market; reasonably so.
VMWare's virtualization software is unbelievable and is only the beginning of what will be a virtual server explosion. I am not going to miss this one. Ive sat on the sidelines and watched some HUGE tech IPOs fly by in the past (like when I thought GOOG was expensive at $85) and I am not going to let it happen again.
feed my brain...
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Today Alan Greenspan (former chairman of the federal reserve) predicted that the stock market is about to crash. Great...
