Cramer's Lightning Round - Ferro Is a Wild Trader (4/29/11)"
Bullish Calls: Ferro Corporation (FOE): "This is a wild trader. It has always been a wild trader. You buy it on a dip and you sell it on a rip, and you've got a dip right now."
Oh, One other thing. This stock gets shorted every second of every trading day. If it isn't moving up....it will move down. At the end of the downward move, it will spike to right back; look at today as an example. The shorts were in control late ...but that ends when they flip the buy switch.....then they cover. Just be patient and pull up the 6 month chart.....I'll shut up.
Not at all it went to $17.85 in April.
Homework...do it if you wnat to survive
Explanation of Responses:
1. Restricted shares of common stock granted under the Performance Share Plan. Restrictions expire based upon degree of achievement of performance goal. At the end of the performance period, 50% of shares awarded vest free of restrictions, and 50% of such shares will be exchanged for cash. If the amount awarded is less than 100% of the restricted shares, the balance of such shares are forfeited to the Company.