cramer said to buy a small amount of DEC 44 Call options on best buy!!!!!Down 98%!!!!

S

S2007S

BBY Dec 2010 44.000 call
(OPR: BBY101218C00044000 )
Last Trade: 0.01
Trade Time: 3:26PM EST
Change: Down 0.56 (98.25%)
Prev Close: 0.57
Open: 0.05
Bid: N/A
Ask: 0.01
Day's Range: 0.01 - 0.05
Contract Range: 0.13 - 5.50
Volume: 1,144
Open Interest: 18,986
Strike: 44.00
Expire Date: 17-Dec-10


Talks about best buy, seemed very positive about it. Fast forward and today the stock is down over 15%, one if its worst days SINCE august 2002!!!!!


2:16-3:06 mins

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Oh no, I'm sure he will twist his words such that he ends up nailing that call in retrospect. I think he meant to say Put options!
 
Guys a monumental idiot..


I feel for the people that listen to him, how he gets on tv, spews this shit and gets people to gamble there retirement money is criminal....
 
Quote from ChkitOut:

In fairness, he did say a small amount as in, its just a
speculative play.
More...

A small amount to me would be 10 contracts!!!! This guy needs to be fired, I said FIRED.

Crammer does twist all of his calls, have you ever watch some of his blatant stupid calls on You-tube. Search them out and laugh....
 
there are not enough traders to even bother participating. why does he even bother with these calls,,people don't care to trade it.


Quote from nickdes:

A small amount to me would be 10 contracts!!!! This guy needs to be fired, I said FIRED.

Crammer does twist all of his calls, have you ever watch some of his blatant stupid calls on You-tube. Search them out and laugh....
More...
 
Quote from nickdes:

A small amount to me would be 10 contracts!!!! This guy needs to be fired, I said FIRED.
More...

I have heard Cramer say multiples times to buy 1 share of stock of companies to get invested in them. So translating that to options you probably should have just bought 0.01 shares! You were overleveraged by a factor of 1,000!
 
Quote from sprstpd:

I have heard Cramer say multiples times to buy 1 share of stock of companies to get invested in them. So translating that to options you probably should have just bought 0.01 shares! You were overleveraged by a factor of 1,000! [/QUOTE

You are nearly as laughable as Crammer is. 1 share, LOL I sold my calls last week, He will twist this out somehow, I won't know until I see it on here or on Don's youtube site....LOL I feel bad for the seniors who have lost a great deal because of this dude.
More...
 
Quote from sprstpd:

I have heard Cramer say multiples times to buy 1 share of stock of companies to get invested in them. So translating that to options you probably should have just bought 0.01 shares! You were overleveraged by a factor of 1,000!
More...

On top of everything else, the 44 Strike on BBY DEC was selling for 57 cents, the stock would have to have risen 9 percent to break even. Crammer is an idiot and if you watch him then you really should not be trading.
 
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