Friday, November 21, 2008
BTW for you traders out there...if you want to go long in here for the potential for one of those one day jaw dropper rallys...i'm using FAS...its an ETN that is triple large cap. Makes big moves. Week range is 12.60 to 35.80! But ladder in if your going to do it and it goes down just as fast. It also has options so you can do buy/writes with huge premium.
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joseph cioffi's Source Page - Associated Content
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Somebody needs to muzzle Kramer. Last week he recommended NAT (a shipping company) at about $30. After his pump, it rallied to about $33 or $34, but now, a week latter, it can be had for $24. Then last night, as Joe mentioned, he yakked about MLPs proclaiming APL, WPZ, and DPM unworthy investments because of their price sensitivity to commodities. As a result, they’re all down about 12% today.
The man has a cult following of "investors" who measure their investment time horizons in nanoseconds. Apparently, they also like their advisors to scream at them, but that’s another story. Kramer manages to swing stocks a few percentage points, then some degree of market efficiency returns to his picks (or pans) and the direction reverses before you can say "amateur.” So, on one hand I hate it when he gets on his soapbox about MLPs; on the other hand, I’m learning to play his advice by just waiting a few days and then fleecing his viewers. Just my opinion…
On another topic…
"The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
-Ronald Reagan
Lee
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