You poor b a s t a r d
strange that he said to buy PACB after a huge sell-off where shares were bought by JP Morgan...In order to let JP Morgan to get out of the stock (roughly 400K were sold at $10.50) my feeling is that they have asked Cramer to talk about PACB..I don't have the proof but for those who bought at around $12 they should have a closer look and take action if I am right on what I am saying as this has to stop one dayI think the company is not bad but valuations simply don't stand at current levels - If stock is halved I would have a closer look once again
As much as I agree with you, Jim Cramer just pumped it on Mad Money as his spec. pick. His sheep will be piling into this on Monday. With the small float, I wouldn't be surprised if this sees a +10% pop. Then it will be a great short candidate.
Any idea why the volume is 3.2 mil today with NO news ?