Don't woory about Cramer-Goog was on his Sh#t list
Cramer only recommends stocks when he sees them taking off, he poo pooed GOOG, now he's on his knees because he missed the big 150 point move. STV will be fine without a Cramer recommendation. STV earnings will speak for themselves. Cramer is not recommending BIDU or SOHU lately, so don't worry about him.
Saw this on a Google post - thought I'd share...interesting
" Jim Cramer last night on mad money said about STV "That's a risky Chinese play. I can't recommend that one.".
Before we make any rash decisions just because "Jim said so" - let's consider this:
* STV is near its 52 week lows, showing a bullish trend. * Upside potential is very very high. (size of the potential market, STV being the market leader) * This qtr and next qtr the results will be mind blowing. * All chinese stocks will get a boost from Olympics in the near term. * China is going all digital.
Finally, the punchline, last time Jim actually recommended the stock - it fell from 50 to 15.
"This is as good as a Baidu(BIDU - Cramer's Take - Stockpickr), this is as good as a China Telecom(CHA - Cramer's Take - Stockpickr), but this thing is up. ... It does feel like VMware(VMW - Cramer's Take - Stockpickr). Could it add another 20 points? Yeah, I say BuyBuyBuy!" - Jim Cramer. http://seekingalpha.com/article/49287-jim-cramer-s-mad-money-lightnin...
It would be curious to see where the stock price goes now that he does not recommend STV. :)
Personally I have only lost money listening to that mad man. On the plus side this has resulted in a buy opportunity ahead of the blowout earnings.. Buy Buy Buy "