cramer described the quarter as a big beat in fact if one read's the press release and eliminates the special items, the eps is .48 vs. est of .51.
As frequently occurs, cramer doesn't know the facts. that is why the ceo was not all excited about the quarter. the ceo knows it was an okay quarter.
it is not that hard, the special items are in the first paragraph of the press release. How can revenue be less than expected and eps be significantly better than estimated.
This is why Cramer recommendation's last a few days and then reality frequently sets-in.
He is making the same mistake he made with EGO last week...
AEM is overvalued:
I have $52, for your shares of AEM. He has a CNBC
commercial, where he says do not buy off good earnings,
you will get burned... and, tonight, he says to
do just that with AEM. Akin to saying buy EGO
before earnings... a total falling knife...
HMY? Undervalued. Many others too... not AEM.
What really gets me writing at 1:35 A.M. is the
story I just saw on Bloomberg, refering to this
The story said Uncle Ben Screwball Bernanke sent
a letter to fund managers today, asking for their
feedback and ideas of what the effect of QE2 would
be. Is he serious? The story listed 0-$1 Trillion
as his range of choices and possibilities...
Can you imagine, if Droopy Dog Ben announces
zero addtional quantitative easing next Wednesday,
because he is afraid of spiking bond rates?
Now, I think I must not touch any resource plays,
until he speaks and the paln is made clear.
After his WSJ leaks yesterday, this new flip flop
and revelation he is clueless is not welcome
But, hey, he is Jimmy's hero!
Support1: 66.14 Support2: 60.83
I suppose at $61, I might bite. Maybe... probably.
I want Jimmy C.'s tear soaked shares, the ones full
of his humiliation.
Hear how he calls his critics crazy lately? Yep,
that is his love for me, his alter-ego. Crazy
like a fox, is what he means, and before he dies,
he will admit I made him a better man. ClownBoy.
"A long habit of not thinking a thing wrong gives
it a superficial appearance of being right."
- Thomas Paine
Hmmm... I still like $55 and $49 best...
A dip below $42 would be very nice. What do you
I do not make the rules, or the market, I just
strive to survive. Santa Ben is making our
lives a tad more difficult... where is Terminator Ben
when we need him? The only thing I am unusually
uncertain about is Uncle Ben, and Glossy-Eyed Pelosi...
Oh, look at this view of the SPY:
1040, and 1100? Looks toppy... oh, just sell off...
"We can only reason from what is; we can reason
on actualities, but not on possibilities."
- Thomas Paine
"Time makes more converts than reason."
- Thomas Paine
A wise man once said, "nobody's right forever and nobody's wrong forever". Time proves this. Go figure! In the last 2days the stock put in 2 value lines and they are bullish. At 81.20 and 81.42... giving buying interest from 84.00 to 90.00. This is the future of this stock. Everything now is just a moment in time. Aye?