Can someone provide a link where his picks are posted? I see several Kramer pages at thestreet.com but I don't see updated stock picks. Does he make them late enough after the close so that most after-hours trading is finished? I would be looking for a gap & crap within the first 15-30 minutes of trading.
Jim Cramer's Mad Money "Speculative Fridays"
- Thread starter michaelscott
- Start date
His show starts at 6:00pm EST and rolls for an hour.
2 summaries:
The entire show - http://www.thestreet.com/_tscnav/funds/madmoneywrap/index.html
and this is just his lightening round which doesn't have the same "pop" effect - http://www.thestreet.com/_tscnav/funds/lightninground/index.html
Ok, no speculative Friday tonight. It was just an educational show. The interesting part was that he mentioned two stocks PG and Comcast. He was using them as examples to make his point and not really picking them. Both appeared to show some afterhours volume.
I've seen this before where there will be a show that is rerun, a randon stock mentioned and then its up in afterhours. Are people really buying stocks based upon a re-run Cramer show?
I've seen this before where there will be a show that is rerun, a randon stock mentioned and then its up in afterhours. Are people really buying stocks based upon a re-run Cramer show?
Here is a good example from last week. OMTR. If you longed on Monday (1 hour into trading session) and then dumped on Weds then it would have been the perfect speculative Friday trade and you would have made between 5-10% depending on your entry and exit points.
Looking at the chart, it appears that a rough reverse head and shoulders had formed before the show. The target price has now been reached at 24.26 once it broke the neckline.
My opinion is that it will probably go higher from here, but the purpose of this thread is to buy/dump within a few days and then move on to the next speculative pick.
This stock goes along with the guidelines I established earlier on. I looked through the profile and it appears this is a web/internet oriented company. Its also a growth type stock, forward P/E=74. Web type companies and growth stocks have been doing well these last few months. It fits with the overall market.
Looking at the chart, it appears that a rough reverse head and shoulders had formed before the show. The target price has now been reached at 24.26 once it broke the neckline.
My opinion is that it will probably go higher from here, but the purpose of this thread is to buy/dump within a few days and then move on to the next speculative pick.
This stock goes along with the guidelines I established earlier on. I looked through the profile and it appears this is a web/internet oriented company. Its also a growth type stock, forward P/E=74. Web type companies and growth stocks have been doing well these last few months. It fits with the overall market.
His other pick last Friday was GIVN. I wouldnt have longed it because it went against my guidelines. Im not a doctor, no medical experience and dont know about pillcam technology. To myself, this seems a little bit gonzo. A publicly traded company whose success rests on a pillcam device. Its subjective and you might know more about this technology then I do. I would rather not trade stocks that I cant readily understand.
However, the chart was setup perfectly and it did pop, although, it was a late pop. It didnt pop until Weds. The most important information I found was the following:
Average Volume (3 month)3: 164,312
Average Volume (10 day)3: 293,088
Shares Outstanding: 28.69M
Float: 1.75M
% Held by Insiders4: 40.21%
% Held by Institutions4: 31.40%
Shares Short (as of 12-Jun-07)3: 2.09M
Short Ratio (as of 12-Jun-07)3: 12.5
Short % of Float (as of 12-Jun-07)3: 7.40%
Shares Short (prior month)3: 2.26M
1.75M float and 2.26M shorted????
I also went back through the show's transcript that I found on thestreet.com and Cramer was comparing it to many other medical device companies that were big hits. Volume spiked up the Monday after the show and just continued on.
Apparently what has happened is a short squeeze. My opinion is that the price has climbed a high pole and will probably come down from here.
If we longed on Monday and then dumped on Weds then we would have made money, although, missed out on Thursday and Friday appreciation.
In any event, I wouldnt have longed it in the first place because I personally do not understand the technology. However, some other traders might understand it and thus consider it.
However, the chart was setup perfectly and it did pop, although, it was a late pop. It didnt pop until Weds. The most important information I found was the following:
Average Volume (3 month)3: 164,312
Average Volume (10 day)3: 293,088
Shares Outstanding: 28.69M
Float: 1.75M
% Held by Insiders4: 40.21%
% Held by Institutions4: 31.40%
Shares Short (as of 12-Jun-07)3: 2.09M
Short Ratio (as of 12-Jun-07)3: 12.5
Short % of Float (as of 12-Jun-07)3: 7.40%
Shares Short (prior month)3: 2.26M
1.75M float and 2.26M shorted????
I also went back through the show's transcript that I found on thestreet.com and Cramer was comparing it to many other medical device companies that were big hits. Volume spiked up the Monday after the show and just continued on.
Apparently what has happened is a short squeeze. My opinion is that the price has climbed a high pole and will probably come down from here.
If we longed on Monday and then dumped on Weds then we would have made money, although, missed out on Thursday and Friday appreciation.
In any event, I wouldnt have longed it in the first place because I personally do not understand the technology. However, some other traders might understand it and thus consider it.