Mad money recap :AGNC "This stock is hitting highs, which Cramer admitted he didn't see coming. Being as Cramer's had difficulty in reading this stock, he's taking himself off of it." Sounds like a cop-out to me.
History repeats itself with Cramer!! He did the same thing with NLY 3 years ago but it took him awhile to dump his position and admitt that he was wrong. Now he acts like he found NLY on his own. What an insecure little man !!!
He really missed it on DRYS when it was flying. I bought it @ 15.94 and sold in 102-103 range. He never addressed the stock during the 13-month period I had it. Near the end of the great run that several dry bulk carriers had, he finally came out and was beating the drum for DSX, if I remember correctly. How can someone avoid mentioning a stock that took off like DRYS did. After the big run was over, he finally did a thumbs down on the stock, but that was when the dry bulkers were all pulling back.
It is somewhat comical, as he displays the behavior of someone involved in "escape learning", relating to an individual's response to avoid an unpleasant or stressful situation. He botched it badly on AGNC and doesn't want to deal with it. I am surprised that they permitted the caller to speak to him on ADNC