Jim Cramer's Wall Street Confidential April 27th
Amazon (NasdaqGS: AMZN), Whirlpool (NYSE: WHR - News) and F5 Networks (NasdaqGS: FFIV)
Cramer devoted the program to giving tips on shorting; "If you're going to short, you can only do it with puts, you cannot do it with common," he said. Last week, the shorts didn't believe FFIV, a web traffic coordinator, had growth potential, that AMZN, which had increased 70% since August, had any more upside, and WHR would do well because its last quarter was not strong. None of the three companies had good guidance, but Cramer asked, "They didn't know how to guide going into the quarter, why would we trust their guidance going out?" and added the companies were "sandbagging." Cramer explained how he would have shorted these stocks; "I would've bought the Whirlpool 90 puts for a couple of bucks, or maybe the 85 puts if you thought it was going to fall apart," he explained. "With Amazon, the 40 puts would've been right." Cramer added FFIV "is a stock that is up so monstrously that two strikes down would've been right."
Cramer devoted the program to giving tips on shorting; "If you're going to short, you can only do it with puts, you cannot do it with common," he said. Last week, the shorts didn't believe FFIV, a web traffic coordinator, had growth potential, that AMZN, which had increased 70% since August, had any more upside, and WHR would do well because its last quarter was not strong. None of the three companies had good guidance, but Cramer asked, "They didn't know how to guide going into the quarter, why would we trust their guidance going out?" and added the companies were "sandbagging." Cramer explained how he would have shorted these stocks; "I would've bought the Whirlpool 90 puts for a couple of bucks, or maybe the 85 puts if you thought it was going to fall apart," he explained. "With Amazon, the 40 puts would've been right." Cramer added FFIV "is a stock that is up so monstrously that two strikes down would've been right."
Labels: AMZN, FFIV, Jim Cramer, Wall Street Confidential, WHR
posted by Stock Administrator @ 11:19 AM
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