You are 100% correct. The woman who called in said she bought at 8.50 and sold at 14.30.
Cramer congratulated her on making some money and then said to wait and she would PROBABLY be able to buy it at a lower price.
That is what I heard, and people are misplacing his words.
I am still trying to figure out why we pulled back so much after the quick run back up to 13.90.
It is noon CT. and we are at 13.48.
The FDA's pre-panel report on safety concerns SHOULD make longs nervous and make it easy to take profits.It should be logical to expect a sell-off before next Tuesday regardless whether it's the right or wrong choice. It may never happen,but at 13.50, a more robust sell-off SEEMS logical.