Jim Cramer is by far one of the best salesman that I am aware of. His approach takes the thinking out of making decisions. When I started this company I had a subscription to his newsletter which I thought may give us a leg up on any momentum driven sectors and some spending money. His picks: SWN and COG lost me 25% . I am disheartened because I avoided energy like the plague because of this expected drop, but as in all things that occur at midnight in the red light district, it sounded like a good idea at the time. For instance, he is currently touting DVN, which is a company that has great offshore prospects, it dropped around 26%. Though I would argue TOT has better prospects, since they have vocally made it known that they want to participate in the nuclear fuel cycle, which shows me the leadership of this company as opposed to DVN which made bold proclamations of their finds, but we’ll see if they are half way accurate with possible escalating costs while the price tags of companies in the uranium sector are decreasing and several of who are trading at their cash in the bank values.
Cramer, the public persona, will not get into a stock until it’s a proven commodity and then tout it is as a going and growing concern. But there are several ways to skin a cat, though I haven’t tried to skin even one, and believe my strategies are just as valid as his. And those will be employed henceforth. I bring this up because he has been an influence on me by giving me the encouragement to start a company.
As you are aware, the market has been going down but since I started seriously looking at the market midway in this bear market, I feared going short heavy and face a short squeeze. My strategy has always been long term gains but where there is a somewhat stable bottom.
Of course when there isn't one, I get nervouse and wanted to do something. "Idle hands are the devils play thing."REPLACE HAND WITH CREDIT CARD...AND REPEAT TO MYSELF NO NEW NEWSLETTERS, AND CURRENT ONES AS WELL!!!!!!!
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