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  • Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)  [View article]
    I like most of you have watched Cramer for years. I use to think his advise was the greatest thing since sliced bread. I backed up the truck on RIG at $110 and did likewise on NOV at $54. Well, RIG went to $163 and NOV went to the 80's. Why did he not tell us to sell then. Instead he puts a sell,sell,sell on RIG at $84.
    He would cover himself by saying I always tell you to take some off the table...and he is probably right.
    We all hate to hold losers but RIG and NOV both are international and they will be back. My take on Cramer now is to ignore him...he is in panic mode and his brain is not working right.
    RIG has 10 years of backlogs and NOV does too. The fundamentals on both of these companies is still sound so if you sell now you are doing so at your own peril.
    I would say buy, buy, buy....let's see which one of us is right.
    Two others to buy DE and MOS...absolute steals at this level.
    Oct 09 12:54 pm |Rating: 0 0 |Link to Comment
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