On the viewer mail section on Monday's show Cramer had the following to say regarding a viewers email - "Finally, on Mesabi Trust (MSB), Cramer said he would sell half a position and let the rest run."
Say what you want about him, but he has quite a following. Look what happened to Net Flix the day after he made the same comment regarding that stock.
Do you know how many times Cramer jumps back and forth on buying and selling a particular stock? He's all over the place. You just have to decide whether you want to be a trader or an investor. I don't listen to Cramer- nothing makes me more nervous than hearing him recommend a stock I own.
MSB is prone to freezing weather. When the lac freeze and boats cannot cruise, MSB units drop. The freezing is late January early March, units will drop $20 to $30. Maech may be the time to get in!
I assume I'm just going to hold through the spring and assume and fall in unit price is temporary. I mean, I could sell now with a decent embedded gain, or i could try to time the market and in the best case succeed but have to pay tax on it, or in the worst case pay taxes and when March comes, find out everyone already bought back into it in February in anticipation of the March timing call.