Cramer

Trust:3
Votes:9
Views:150

Warren Buffett's Daring Derivative Deal Does Well - How You Can Too!

Berkshire’s 4th quarter results were propped up by Buffett’s $1.05Bn gains in derivatives betting (something Buffett himself once called "weapons of mass financial destruction" but, as we well know - if you can’t beat them…), which accounted for 1/3 of Berkshire’s $3.06Bn profits.

Vested Interest: 
Positions as indicated but subject to change.
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Trust:3
Votes:7
Views:176

Cramer should’ve listened to GTM 6 weeks ago!

Jim Cramer of CNBC finally followed GTM’s advice on the banks (but he never contacted us). GTM said to avoid Citigroup, especially the secondary offering. At the time, Cramer said buy, buy, buy, the secondary. Well, it only took Cramer about 6 more weeks than GTM to realize he needed to change his mind.

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Trust:3
Votes:8
Views:213

Cramer: Flat Wrong on GameStop

“The problem with Gamestop is you need to be able to have both good hardware and software sales. Not until later next year do I expect Grand Theft Auto. We had Rock Band, Guitar Hero. Those are all played out. I can’t get behind GameStop not because they’re not a great company but because they don’t have enough good stuff to sell.” — CNBC’s Mad Money 11/17/2009

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Trust:2
Votes:7
Views:118

Digging in the Mud for Green Shoots - How Did We Get Back Here?

We’ve been testing the lower end of our range, mostly doing buy/write plays that give us 15% discounts off the current entry price. Hopefully that’s enough cushion to ride out a panic dip but we are also scaling in with plenty of cash on the side, as we’re happy to buy more if the market does drop 20%, all the way back to 700 on the S&P, where we would happily load up the truck.

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