CNBC - Cramer's Mad Money

Quote from KevinK:

Not really--
I have a long term account but I do my own analysis not cramer's. I tend to find that most of the stocks he pumps once and owning them longer term they will likely fade. The cramer plays are not the majority of my short term account, I try not to leave my fate in a nutjob:D

I do invest in penny stocks to answer one of your questions, but not alot of money, again. You need to have a lot of assets that you control and understand what you are going to do with it, but you can have some assets by which you take some risk for some bucks.

just my .02
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thanks again for the reply
do you ever short or do any option trading

ie mrvl option trade...if you believed it will have a pull back..

one could write august call 45@1.10, 42.5@2.35, 40@4.20...
worst scenario you end up with 3k short approx42.00 but have received 7500..
if this had be done earlier today would of been worth over 8k with the probably of the 45 expiring and you receiving the 2k short @ 41ish....
 
Quote from gettingtooold:

thanks again for the reply
do you ever short or do any option trading

ie mrvl option trade...if you believed it will have a pull back..

one could write august call 45@1.10, 42.5@2.35, 40@4.20...
worst scenario you end up with 3k short approx42.00 but have received 7500..
if this had be done earlier today would of been worth over 8k with the probably of the 45 expiring and you receiving the 2k short @ 41ish....
More...

Yes I do play with options. I would tend to play a spread if I was writing options to cap my risk.
 
Quote from KevinK:

Yes I do play with options. I would tend to play a spread if I was writing options to cap my risk.
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tend to agree with you risk management very important it is something I have neglected occassionally and paid dearly for it.

I usually buy calls/puts out of the money to protect myself
that is also one of the reasons I write the option I try if possible to use opm to help ensure a positive trade
 
JMIH is a penny stock I own, Lots of revenue, EBDITA and cash flow positive. Longer term I think it will go to .40 per share. Note: I am unlike many penny stock investors in that I don't usually go for 1,000 times my money. I ten to target smaller, more practical gains.
 
Quote from KevinK:

JMIH is a penny stock I own, Lots of revenue, EBDITA and cash flow positive. Longer term I think it will go to .40 per share. Note: I am unlike many penny stock investors in that I don't usually go for 1,000 times my money. I ten to target smaller, more practical gains.
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that is how I have played mivt over the last 4/5 months

picked up the stock in the low 40's and several times 50cent area exited the trade approx 20cents ....am waiting/hoping it will come back into 50's
 
I don't like playing companies that I find hard to research and I do not average down on penny stocks unless it is minor a minor correction. I do not consider JMIH a penny stock because although it is cheap, the insiders own a ton of stock, and margins are good unlike many penny stocks.
 
JMIH - here's hoping its a google for you, has been in a very tight channel 30cents for 4/5 years

is this the first time you traded the stock. how did you hear about it?
 
I have been long the stock for a few days. I don't 'hear' about stocks of this type. I find that when someone tries to tell me their holdings they are trying to get out of a position and I try to find companies with the best fundamentals. I do this through using a stock screener and looking for various fundamental criteria. I don't consider technicals on such thinly traded, low market cap stocks such as this one. The fundamentals are solid and I think there could be a takeover.
Not to say I do not consider technicals, that's all I consider when I trade, but on this stock it's an investment.
 
Kevin, which stock screener do you use or like the best?

if you don't mind, what success rate have you had using the screener. roughly if you decide to answer as I know this is a personal question and really none of my business.
 
Quote from KevinK:

Not really--
I have a long term account but I do my own analysis not cramer's. I tend to find that most of the stocks he pumps once and owning them longer term they will likely fade. The cramer plays are not the majority of my short term account, I try not to leave my fate in a nutjob:D
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Cramer's bag is generally trading and not investing per se. He mostly does short term sector rotation of a few months. Yes, always do your own due diligance.
 
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