That's interesting, because in November of 2011 he recommended against CTL, which is part of the reason I sold it then (I'm skeptical of Cramer regarding his buy recommendations, but tend to listen to him when he doesn't like a stock). He said at the time that the divy was too rich and risky. I regretted selling it over the following months because the stock price kept going up. But now it looks like his initial instinct was correct. I'm surprised that he reversed himself so publicly...
IMHO I believe he will say this is an over reaction by the market. Hoping so as well. Just cant see how a 1 cent miss translates into a beating like this. I too have stopped trading on cramer's recommendations unless they pass my reviews. Done much better that way. Good trading to all.
I've been very fortunate to have bought many of Cramer's recommendations over the last several years and something unexpectedly overnight always seems to happen that I lose a significant amount of money as in this most recent case with CTL. Most of my investments have been chosen thru watching Mad Money. I think I will probably stop watching him and putting confidence in his recommendations maybe I can make more money selecting stocks on my own or subscribe to Barron's or something. Truly dissappointed in his track record and thus mine as well.