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Kramer on the Emerging Energy Rollover
Energy stocks are taking it on the chin lately.
Gee, I wonder if Kramer is short?? NOT Sample of Kramer's Rants . Buy it Now!! XLE Energy Spider Chart Buy it Today !! . Uranium Rants Buy lots of Uranium producers too !! These are energy stocks after all!! Chart of Uranium producer CCJ Jimmy seems panicky. |
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Re: Kramer on the Emerging Energy Rollover
Cramer's 10/11 (Tuesday) Real Money Radio Show ... hear his take on oil stocks in his own words!
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Re: Kramer on the Emerging Energy Rollover
Cramer is a great contrary indicator these days.
Seems he's buying into his own BS on a daily basis. He may have reversed his position, and is be likely short energy now. The tell: Oil Stocks Need Recovery Time (10/19) By James Cramer About this article: Exxon looks like the bad-hands stock after a 25 million-share block caused big damage. We have to assume that seller will be back this session, selling more shares. These stocks need time to recover, so buy them at these low levels only if you can wait. |
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Re: Kramer on the Emerging Energy Rollover
Dan,
Do you have an Action Alert Plus or Realmoney subscription? (or are you just trying to interpret the headers?) Remember Cramer was a hedge fund trader, he's likely to change his opinion from minute to minute [img]/images/graemlins/wink.gif[/img] |
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Re: Kramer on the Emerging Energy Rollover
[ QUOTE ]
Remember Cramer was a hedge fund trader, he's likely to change his opinion from minute to minute [img]/images/graemlins/wink.gif[/img] [/ QUOTE ] Being off his meds doesn't help either [img]/images/graemlins/wink.gif[/img] |
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Re: Kramer on the Emerging Energy Rollover
Look at the big picture. This is a commodities bull market that started in 1999. The shortest one using data all the way back to 1823 was 17 years in duration (not opinion but fact). Matt Simmons (author of "Peak Oil") theories are now being accepted as mainstream. Matt will bet anyone 5,000 dollars that oil will sell at $200 per barrel by the year 2010. So if this is a long term bull, correct strategy is buy all the dips. But the majority get scared on the shakeouts and sell so they lose. This is not investment advice, do your own diligence.
P.S. I rarely watch Kramer; he's in your face entertainment, but I don't believe he's taking positions opposite of those he's recommending. If he is, he's a fool because he's putting his entire income stream in jeopardy and possibly risking jailtime. The SEC could also ban him from all trading. It's happened before. Kramer's not stupid. |
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Re: Kramer on the Emerging Energy Rollover
[ QUOTE ]
Look at the big picture. This is a commodities bull market that started in 1999. The shortest one using data all the way back to 1823 was 17 years in duration (not opinion but fact). [/ QUOTE ] How long were they before 1823? |
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Re: Kramer on the Emerging Energy Rollover
I'll refer you to "The Great Wave", Price revolutions and the rhythms of history by David Hackett Fischer
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Re: Kramer on the Emerging Energy Rollover
So you're saying the data before 1823 doesn't support your assertion?
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#10
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Re: Kramer on the Emerging Energy Rollover
I didn't say anything at all about data before 1823.
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