kgeechee

Cramer's Stop Trading! The Short Sellers Shoot Themselves (9/15/09)

Cramer's Calls and quick advice are a FREE Service to novice investors. We all know that Free Advice is worth exactly what the cost is....Zero. Think of the Show as entertainment (I rarely watch it, and then only a few moments when another show goes to commercial). One might get an idea occasionally and profit from the free advice. One might profit on some 'Picks', Avoid Losses on some Pans.

It is never GOSPEL and NEVER bet the Farm on any one stock idea.

As for the Big Loss on Sears, I would not have touched that with a10 foot pole. I do not care whose friend was backing it. If I had taken a big bet on Sears or any other position, SET a SAFETY STOP, a Trailing Stop. You could lose a few dollars on a good stock on a pull-back and you might avoid a disaster. I'd rather lose a few dollars sometimes to avoid a big disaster any time.