I may watch Cramer once every few weeks. If I do, it's typically the late night repeat of that day's show. I did, however, happen to catch it while scrapping with the dogs moments ago. He, as well as callers, are complaining about natural gas, wind, coal and other alternative energies tanking in the last few weeks. A caller from New Hampshire (who actually said, "Greetings from Red Sox Nation...") asked about ESLR and cited Cramer's endorsement of the stock months ago. Cramer grimly responded, and I quote, "It's never too late to sell Evergreen Solar."
It will be interesting to see if Cramerica negatively impacts the share value before the market opens in the morning.
2 comments:
O.K. - Lets try and make a decision here. Judging from the last 2 posts by Joe, I would think he wants to set a sell price on ESLR (right?)
I think we have to evaluate what our goals our for each stock. Which ones are we holding onto for the long term and which ones are we looking to sell now. A target return for each stock and then maybe a target price to buy them back down the road if we think they are worthwhile?
I don't know... but like the market, the posts seem to be volitile - some positive - some negative.
What are everyone's thoughts?
A couple things fellas.
1) Jim Cramer isn't the god of all stocks. Example - Cramer said a few months ago to buy Brittania Bulk (DWT) because it was a steal under $13/share. Britannia bulk opened today at 0.01/share. A week or so ago Cramer suggested another dry bulk shipper, NAT, taking zero responsibility for his error with DWT, with no explanation for his new pick.
2) Every time the stock market dips a bit we all get a bit crazy. I do too - it's natural. A bit of advice - some stocks, like CX and GE and even EMC, are long term stocks. If you're going to look at them every day, fine - but realize it's not going to look pretty. In CX's case, it won't look pretty for 5 years probably. Other stocks, like ESLR, ELP, watch those stocks daily. We missed a key opportunity to cash in on both of those stocks with substantial gains. We didn't get the necessary votes, I think only 2 (me and Mike) said to take the gains. If the group had ponied up one more vote, we would be sitting pretty with over $100 in profits on those two stocks (est). I can't speak for ELP, but for ESLR when it gets back up to that area again (and it will - when the shorts cover their positions) I think we need to re-evaluate our goals and cash in the large percentage profit. I think we dropped the ball big time on that.
That's it I'm done.
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