Sure now that FB broke below 33 support and could not rally back above it, it'll conceivably trade between current level and 13.80 according to Mark Hulbert... Cramer did say they have growth but did he missed the fact that Morgan Stanley cut its estimates right before the ipo and only letting select few informed about it so its DECLINING GROWTH which obviously bad. AND did cramer remind everyone that he said to buy FB under 50 on its first so all of his followers must have thought it was a bargain when it hit its high of 45 before plummeting to current price. So between Cramer and Mark Hubert's 13.80, which price would you venture a buy...exactly.
Cramer is always wrong.
exception: V IPO, he said to buy,...
but, he was wrong, too: he said buy the V IPO, and to immediately sell into the market. Kept saying sell as soon s it trades.
V IPO IPO'd at $44 a share, and proceeded up to nearly $100, before retreating back to the IPO price.
I held to top and sold at about $90.
Why did I sell? Cramer started to say buy when it hit $90, and, like clockwork when Cramer said to buy, it of course dropped.
While V is now higher, you could have sold at $90 as I did and when it stayed in the $40's/$50's/$60's repurchased it, probably when Cramer was just saying to sell again.
Cramer probably bought a bunch at 33 and realized he got hosed - now he is just looking for an exit point by getting his lemmings to run it up a bit for an hour or two. 31 per share and earning per share are how much? Here's your sign.