He's the kiss of death for longs. The chart on this thing is busted. Looks like support somewhere around $24.75 Shares are under serious distribution. No liquidity in the options otherwise I might consider OTM puts a month or two out...but....this one is stinkin' up the joint...good luck.
Why do people think he has any influence? Has anyone ever looked at the size of his audience on the cable news ratings? It is tiny. He has no lasting effect on anything. Associating Cramer with what happens to stocks is like believing in wichcraft and voodoo.
SE is basically a solid pipeline company that finally shook off the problems from the DUK days. They are also associated with PSX on the DSP joint venture. They have huge back log of capital projects alone and with PSX that will drive their earnings, dividend and stock price higher over the next few years. Pipelines do not break ground on new ventures until they sellout the facility with long term contracts for as much a 20 years.
I just don't like Cramer. Stopped watching him a longtime ago because he talks so fast and mutters so much you can't understand him. Notwithstanding, SE has so much going for it with the demand and heatwave that like a broken clock he might be right this time.
Cramer gives you stock and you pick the ones you like. He is not holding a gun to your head.
I like this stock and I plan to do some more research before I buy some. I like the chart could be a bottom.