Indian Portal Rediff, Post Cramer Spotlight (REDF)

Feb. 9.06 | About: Rediff.com India (REDF)

We have commented several times in the past on Jim Cramer's Mad Money show, and some may even think that we have a negative view towards the show (although if we disliked the show so much why would we have it on?). However, our concerns have always been towards the segment of his audience that shoots first and asks questions later, rather than him.

In this light, we feel it is worth mentioning REDF, which he highlighted on his show two weeks ago (1/24). We remember hearing a lot of criticism towards Mr. Cramer after some said he recklessly caused the stock to gap up from 15 to 20 overnight, when he called it the Google of India. Today the stock closed at 31.18 for a gain of over 50% in under two weeks. Not bad if we say so ourselves. Ironically, we haven't been hearing much mention of the REDF pick lately.