The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Wednesday, December 20, 2006

Cramer Does it Again...

Hey guys,


It seems to me that Jim Cramer has a penchant for destroying stocks and chart patterns. His latest victim? NHWK. NHWK is a small cap NASDAQ stock that I have been accumulating since it began to work on the right side of its base. Just few days ago, the stock finished its base and began to work on its handle. All it needed was a little push and it would take off. Well, it seems that Jim Cramer gave it a push, or should I say, more like a toss into the stratosphere. But that's not the part that I mind. What I do not like about Jim Cramer is the reason behind his recommendations. Jim Cramers picks and rants are purely political. A large percentage of his recommendations are given in order to help his friends (the big money managers in funds and banks) move their large holdings around. A buy recommendation is usually given so his "friends" can unload a position at an inflated price. No wonder most of his stocks flop and flounder just a few days after a recommendation. His sell recommendations are the opposite. They are meant to drop the price of a stock so that his buddies can load up on it. So, lets see what happens to NHWK. A few days ago, their was huge institutional buying in NHWK. The big money moved into it and now Jim Cramer set in motion. Now lets see where the big money will start to unload. Ladies and Gents, we've been warned.

5 Comments:

At 11:00 AM , Anonymous Anonymous said...

Did you buy FFHL today?

 
At 11:17 AM , Anonymous Anonymous said...

Did you buy FFHL today?

 
At 11:18 AM , Blogger Nick M. said...

Hey Tushar,

No, not just yet. I am planning on waiting a few days on it just to see if more institutions buy into it. It may be an attractive play based on its small float, so do continue to keep an eye on it. I will post about it if I do buy into it.

 
At 7:39 PM , Blogger Nick M. said...

And I am especially not considering to take it (FFHL)since the money flow into the stock is negative. Most of the poorly performing IPO's show that distinct characteristic!

 
At 8:58 PM , Blogger Nick M. said...

update : 12/29/06 FFHL has driven me nuts during the last few days. I dont know whether this stock wants to go up or down??

Anyways, see, what did i tell you about Cramer and his pumping of NHWK. Look what the result is. The stock has been a volatile mess since he mentioned it. That guy is the worst thing to ever happen to Wall St., seriously.

 

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