Do institutions use professional bashers to buy at lower prices?
False statement: "The stock’s 52-week high is $13.52, and its 52-week low is $10.00."
This was attributed to Cramer by way of Tom Haly.
Yes, I know that was probably a typo AND innocuous
and of itself, but, I cannot help but wonder if a lot of
the bashers are not shorts but in fact longs trying to
accumulate without moving price up(yet).
Speedlake, see the video I posted on the other Cramer thread. In that interview Cramer candidly admits how, when he was trading, could massage prices by a variety of methods using as little as $5M in capital and a few well placed rumors. Bashers or pumpers on a heavily read site I suppose might make a difference but he could achieve better results using other, more direct, means.
"Bashers or pumpers on a heavily read site I suppose might make a difference but he could achieve better results using other, more direct, means." No doubt. I simply wonder if it is worth it to them to pay a few dozen chumps in a room to throw cr@p and see what sticks or if that would just not be worth it (risk, if any/reward).
Thanks for dignifying with a thoughtful response. I ask some odd stuff but I like knowing odd stuff.
We all know that Cramer comes late to the party. We all know if Cramer makes a call, then it is either obvious or it has been a short or long for a while. Take a look at 'now'. MAKO peaked at 13.52 this cycle. Cramer made his call after the stock had already gone below 13. Who wants to give up .30 to .50/share on a trade? So he IS late to the short call. Typical.
Cramer also want predictability in earnings. He is consistent in wanting that ... almost as a mantra. So it is not hard to imagine him not liking this. Then consider the effects of Obamacare's 2.3% tax on gross for medical device makers and the ISRG debacle and it's not hard to figure out why he is taking the safe bet.