(03-09-2013, 09:45 AM)calaban48 Wrote:http://wallstcheatsheet.com/stocks/cramer-buy-panera-and-sell-h-p-interoil-and-this-share-today.html/
This bozo has a cable TV show called "Mad Money" or "Fast Money" or "Money Mad" or something on the CNBC network (biggest ratings of financial networks). He has bashed InterOil previously at convenient times (i.e., to end a rally) . He is either totally clueless of the IOC story or he's in with a short hedge fund. Either way, I am betting big he's wrong.The confluence of commentary, news "spin" and manipulation are the only factors in Friday's trading that I see, Liked the BIG volumes in the last hour.
Just want to add, since I don't post often, that your sharing of honest information is much appreciated here.
Most helpful are the learned comments on daily trading patterns "made on the fly." It's good to know how others interpret the data. I would like to propose an onrunning T.O.O.T. thread -- standing for Trading Observations On Today -- say, "toot3/11/12" for Monday. I know I am not alone in checking the board hourly some days to help grasp what's happening. I also think it would be a useful archive. FWIW
I truly doubt Cramer is acting selfishly on IOC.......However, I do believe he is acting IRRESPONSIBLY as it's clear that he has spent NO time assessing the underlying assets of IOC or the principles invloved in the project. He merely focuses on earnings......and that is it. At this stage of development earnings are not the way to understand the inherent value in IOC. It will be interesting to see if Cramer does a re-assessment of his error AFTER the fact or ignores his error. I suggest that WE make sure he hears us after the value becomes apparent to even the thickest of "talking heads".
Mark