Jim Cramer's Wall Street Confidential Mar. 2
GlobalSantaFe (NYSE: GSF - News), Charter Communications (NasdaqGM: CHTR), EchoStar Communications (NasdaqGS: DISH),Viacom (NYSE: VIA - News)
Cramer commented that, in the drama and trauma that was last week's market,"There was tons of information that was totally overlooked" on conference calls, and he urges investors to do their homework and to review the conference calls of GSF, CHTR, DISH and VIA. All of these companies said important things that were ignored. He disapproves of a "scalping" approach to trading which investors use to fade the open or benefit from sudden market moves, such as a fall in U.S. markets due to an overseas event. Cramer calls this a strategy for underperformance. What is needed is homework, says Cramer, and he adds that every investor needs to ask;"Which stocks do I like on the S & P down 1%?' and circle the wagons around those stocks."
Published By SeekingAlpha
Cramer commented that, in the drama and trauma that was last week's market,"There was tons of information that was totally overlooked" on conference calls, and he urges investors to do their homework and to review the conference calls of GSF, CHTR, DISH and VIA. All of these companies said important things that were ignored. He disapproves of a "scalping" approach to trading which investors use to fade the open or benefit from sudden market moves, such as a fall in U.S. markets due to an overseas event. Cramer calls this a strategy for underperformance. What is needed is homework, says Cramer, and he adds that every investor needs to ask;"Which stocks do I like on the S & P down 1%?' and circle the wagons around those stocks."
Published By SeekingAlpha
posted by Stock Administrator @ 12:19 PM
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