http://maddmoney.blogspot.com/2005/10/cramer-calls-bottom.html
Cramer Calls A Bottom
People feel bad enough about stocks that they're safe to buy, Jim Cramer told viewers on CNBC's "Mad Money" program Friday night. "Things have to get really bad, people have to be psychotically negative, before things can start to get good," Cramer said. Cramer was bullish on Procter & Gamble (PG), Microsoft (MSFT), Motorola (MOT), and Ingersoll-Rand (IR) as play for a bounc off the current market weakness. Cramer also likes Pike Electric (PEC), and he thinks it's a steal at these prices. Indications market sentiment has bottomed include a 45% bull reading in a recent investor sentiment poll and a report showing retail traders have roughly four times as many short sales on as professional specialists. "There aren't a lot of bulls left to convert into bears," Cramer said. "There are more bears than the market can handle. You have to shoot them when that happens." Cramer said the current market isn't one of his "exquisite moment" opportunities where investors should expect huge upsid. "I'm not saying it's going to go up a thousand points," he said. "But you gotta buy." Even oil stocks, which "every joker and his brother own," could get caught up in the cominggains, Cramer said. "I think the stocks lag, but because I believe in a larger bull market thesis, we buy into the lift this time."
I love 100% up room to go$$
gap down?
whats a gap down?
Cramer Calls A Bottom
People feel bad enough about stocks that they're safe to buy, Jim Cramer told viewers on CNBC's "Mad Money" program Friday night. "Things have to get really bad, people have to be psychotically negative, before things can start to get good," Cramer said. Cramer was bullish on Procter & Gamble (PG), Microsoft (MSFT), Motorola (MOT), and Ingersoll-Rand (IR) as play for a bounc off the current market weakness. Cramer also likes Pike Electric (PEC), and he thinks it's a steal at these prices. Indications market sentiment has bottomed include a 45% bull reading in a recent investor sentiment poll and a report showing retail traders have roughly four times as many short sales on as professional specialists. "There aren't a lot of bulls left to convert into bears," Cramer said. "There are more bears than the market can handle. You have to shoot them when that happens." Cramer said the current market isn't one of his "exquisite moment" opportunities where investors should expect huge upsid. "I'm not saying it's going to go up a thousand points," he said. "But you gotta buy." Even oil stocks, which "every joker and his brother own," could get caught up in the cominggains, Cramer said. "I think the stocks lag, but because I believe in a larger bull market thesis, we buy into the lift this time."
I love 100% up room to go$$
gap down?
whats a gap down?
