HBAN Pumped by Cramer. How Safe to Short?

[shortie]

HBAN (a regional bank) was pumped by Cramer yesterday for a nice pop. I assume that these recent naive longs will start bailing out once they are a bit in the red. So, is it safe to short here? Typically how long do Cramer induced rallies last?

HBAN has had some giant short squeezes recently, so shorting it has its dangers.

 

[shortie]

and now the dump:

surely there must be some pissed off Cramer viewers who quickly lost 5-10%

 

[sprstpd]

Quote from shortie:

surely there must be some pissed off Cramer viewers who quickly lost 5-10%

Oh no, because you are supposed to wait 5 days before buying, but if the stock just takes off and never comes back, you should have bought on his call right away!

 

[shortie]

Quote from sprstpd:

Oh no, because you are supposed to wait 5 days before buying, but if the stock just takes off and never comes back, you should have bought on his call right away!

this is some funny sh*t!

i wish i could run a strat like that!

 

[mister_doodi]

Quote from shortie:

and now the dump:

surely there must be some pissed off Cramer viewers who quickly lost 5-10%

Buy at 4.2 close at 3.8, haft tick under 10%. Massive fail.

 

[NoDoji]

When I have an overnight short position on, I'm usually a bit nervous. But if I see Cramer pumping the stock, I breathe a huge sigh of relief.

 

[sprstpd]

Quote from NoDoji:

When I have an overnight short position on, I'm usually a bit nervous. But if I see Cramer pumping the stock, I breathe a huge sigh of relief.

I call BS.

 

[NoDoji]

Quote from sprstpd:

I call BS.

For verification of my Cramer pumping claim, I direct you to the 2/20 post on my journal: http://www.elitetrader.com/vb/showthread.php?s=&threadid=132626&perpage=6&pagenumber=55

 

[sprstpd]

Quote from NoDoji:

For verification of my Cramer pumping claim, I direct you to the 2/20 post on my journal: http://www.elitetrader.com/vb/showthread.php?s=&threadid=132626&perpage=6&pagenumber=55

It's a BS statement because some of his stocks keep on going up after he pumps them. Let's say you are short TSRA before he pumps them on the evening of Tuesday, May 26th. You're happy now you are short and that it has gone from $20 to $27? Maybe it worked out once for you, but you just got lucky.

 

[NoDoji]

Quote from sprstpd:

It's a BS statement because some of his stocks keep on going up after he pumps them. Let's say you are short TSRA before he pumps them on the evening of Tuesday, May 26th. You're happy now you are short and that it has gone from $20 to $27? Maybe it worked out once for you, but you just got lucky.

Damn, that was a solid pump, Cramer!

Who would short a company that a) hadn't yet tested 52-week highs, and b) has 2009 earnings projections 10 times 2008???

If you were short TSRA on Tuesday, May 26th, time to put the training wheels back on.