ref: "should have listen to Cramer.."
Ask you the question first, why a
stock promotor is on TV!...or ask
your grandmother...about the trapper
with the 1000 pitfalls.
With your knowledege of the 3 year
underperformer in bull-2007 and bear 2008 markets,
you should have bought 35 000 chickens, for 1 mill.
eggs, for your retirement.
Thank god, you did not follow him,
otherwise your account would be
ZERO, following his mostly
OVERBOUGHT buy recommendation fakes.
People with that amount of money,
do not belong to the poor Cramer
herd of beginners and greenhorns.
They have a professional research
base!....avoiding any stupid TV
carnival barker stock wast pusher
show, and have the money, you are
likely dreaming of.
Read BARRONS and Juback MSN, and
mind TV soap shows, if you need
How old are you really?
BTW, I rate all Cramer buy calls a
STRONG SELL, without any exception.
Find out why, before your next
I bought gis @ 53.50 but if I had put over 2 mil into this company @ 72, I'd be in better shape than the overall market. gis is one of those few stocks that'll be in good shape once inflation excelerates. this company has far fewer shares open to the free market than most food companies. I wouldn't lose sleep over losing a few bucks with this stock. just buy and hold. collect your dividends and wait for splits. as far as food plays, I also own kft , cag, un, and flo but more optomistic about gis.
GIS hit an intraday high of $72.01 on September 19, 2008. So you bought GIS on that day one penny below its all time high? Exactly 6 months later, on March 19, 2009, GIS hit an intraday low of $46.37. So, even if you sold at the low on that day, you did not lose 50% of your money. You would have lost 35.6%, not including dividends.
I am not a Cramer fan, but I do not remember him pumping GIS at $72. Also, no one would put $2M in GIS at once, they would have spread buys over time. Anyone that nuts, would not have been able to accumulate $2M in a trading account in the first place.
I bought GIS at $50, which seems reasonable considering its market position, strong brands, and book value. I would be quite happy with $60 and would certainly be gone by $70.
here's some actual real logic to go along with yours....70 years old, 2 million invested and still working??? What the hell is your job, either it pays quite a lot or your love it, in which case you don't need to retire anyway.
If you're going to bash Cramer, bash Cramer, that's fine, but do it in a way that's not completely ridiculous.