a lightning round call onLgf and he said a controversial stock in a range around 13 if you can get in around 12 you can make a couple bucks as the movie comes out. Wow, he was a lot more bullish a few weeks ago.
Yes he was and still is. He knows the playmakers will try to knock this down to 12 so they can buy as many shares as cheap as possible and i think thats his reasoning. He also didn't hesitate to say that you would gain money buy buying it. Personally i feel like enough credit for price spike hasn't been given to the aquisition of summit and along with it the franchise rights to twilight series. Even though this is the last movie for the books doesn't mean lionsgate can't spin the series off and especially if you look at a possible tv series scenario. reuters, alph-trader, and many other big anylysts are very bullish on lgf no matter what mad money thinks and so am i. I'm in now and staying put and i won't turn lose anywhere under 18.50 unless something drastic occurs.
Cramer = BS artist + idiot
Let's recall the past six months and Cramer's call on LGF.
Told people to "avoid" and "stay away" from LGf below $7
He missed a 60%+ move.
Then, finally, he saw the light and came on board late.
Ignore and turn him off.
You get better advice here.
Cramer wanted his daughters to buy in at $12.00. Weeks ago he was first pumping this but said, "wait for a pull back to $12 then buy." It never went there, so now he's trying to bring it down to $12 before it takes off. It still isn't working; his daughters will just have to buy it near $14.00; too bad, CramerAmerica!
What an A-Hole! Just a few weeks ago he said LGF was going past $15 bucks! Not he's totally downplaying it.
It's the same BS he did with Apple pumping at peacks and giving SELLS and bottoms. If you listened to Cramer on APPLE you would have lost your ASS!!