Michael Comeau

Cramer Does It Again with CIT Call

Stops don't help when a stock gaps against you.


On Nov 02 09:38 AM kgeechee wrote:

> Your math skills are as bad as some of Cramer's stock picks. Double
> your money after a decline of 90% won't help much. Assume $10K invested,
> 90% decline to $1k doubled to $2k; I am not even; I'm $8k short.
> Double again at $4k and again at $8K and I'm getting closer; only
> $2K short now after 3 stellar picks in a row. Moral: forget the math
> (and spelling). Use protective trailing stops. Yes, sometimes you
> get closed out on an immediate 'short' run and the stock recovers
> to a decent profit. Those are the breaks. It won't happen often.