Another reason why you shouldn't listen to Jim Cramer
A few days ago Jim recommended Cabela's over Smith & Wesson? Seriously?! How in the hell did he ever manage his own hedge fund? If you invest according to his advice you deserve to lose - his show Mad Money is nothing more than a P&D scheme. He actually admitted back in an interview '06 that he used to create P&D's when he needed cash. Bear Sterns, anyone?
S&W has stellar financials and how it keeps going above oversold is amazing. Good luck guys - overdue for a pullback, but a great long-term investment!
He's momentum driven watching for other buyers. He has no courage when it comes to picking out of favor stocks like SWHC had been. If SWHC goes much higher or bigger brokers start following it expect his tone to change, and then maybe it will be time to unwind some.