Michael Delaney's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/188989/comments http://seekingalpha.com/article/164678-survivor-s-bounce-coming-to-an-end?source=feed#comment-705871 705871 "I have switched my bet ... We're going to [10,000]," he said.]]> Tue, 06 Oct 2009 17:59:25 -0400 "I have switched my bet ... We're going to [10,000]," he said.]]> http://seekingalpha.com/article/162540-railroad-indicator-on-track-for-recovery?source=feed#comment-689547 689547
BNSF was down 0.95% on 9/23. Hardly what I would call a slam. BNSF is down another 1.05% today (as of 1:30 pm). I would call a 2% drop in two days a buying opportunity.

I guess I'm just not ready to call this the beginning of a 10% to 20% pullback, as some bears are opining. But I have been wrong before. It's still too early to panic.]]> Thu, 24 Sep 2009 13:28:06 -0400
BNSF was down 0.95% on 9/23. Hardly what I would call a slam. BNSF is down another 1.05% today (as of 1:30 pm). I would call a 2% drop in two days a buying opportunity.

I guess I'm just not ready to call this the beginning of a 10% to 20% pullback, as some bears are opining. But I have been wrong before. It's still too early to panic.]]> http://seekingalpha.com/article/160706-cramer-s-mad-money-ignore-obama-s-healthcare-speech-9-9-09?source=feed#comment-672487 672487
Cramer did not rip off his clients with massive churning. And Cramer never said that he ripped off his clients with massive churning. Cramers clients did very well (as did Cramer) and that is why more people wanted in his hedge fund than he could accommodate. People were turned away from Cramer Berkowitz.

If your dislike of Cramer causes you to believe that he is always wrong, then you have a closed mind and are missing investment idea opportunities. You should be listening to Cramer and Buffet and El Erian and CNBC and Fox Business and checking the Motley Fools and MSN Stock Scouter and Investors Business Daily and the Wall Street Journal, etc., etc. The more information you have, the better able you will be to make (and take full responsibility for) your own decisions. If Cramer bothers you too much, just turn him off. I find him interesting.]]> Fri, 11 Sep 2009 13:28:53 -0400
Cramer did not rip off his clients with massive churning. And Cramer never said that he ripped off his clients with massive churning. Cramers clients did very well (as did Cramer) and that is why more people wanted in his hedge fund than he could accommodate. People were turned away from Cramer Berkowitz.

If your dislike of Cramer causes you to believe that he is always wrong, then you have a closed mind and are missing investment idea opportunities. You should be listening to Cramer and Buffet and El Erian and CNBC and Fox Business and checking the Motley Fools and MSN Stock Scouter and Investors Business Daily and the Wall Street Journal, etc., etc. The more information you have, the better able you will be to make (and take full responsibility for) your own decisions. If Cramer bothers you too much, just turn him off. I find him interesting.]]> http://seekingalpha.com/article/159243-5-anomalies-in-the-current-u-s-markets?source=feed#comment-657382 657382
I agree that a disproportionate amount of the daily volume is in junk like AIG, Citi, Fannie, Freddie, etc. But this volume is not being generated by corporate officers "dumping and running". It is being generated by gunslingers and hedge funds who find opportunity in high volatility areas to make money both long and short (sometimes in the same day!). I sincerely hope that a very insignifificant portion of the volume is an average citizen investor who says to himself "AIG sure is cheap. I think I'll buy some for my 401(k) and hold it for a few years".

There are dozens of reasons why corporate officers would want to sell. Maybe they had stock options about to expire and needed to exercise them. Maybe they found that great house on the beach in Costa Rica and need a few million in cash. Maybe they just need to diversify. But there is only one reason why corporate officers will buy more of their stock on the open market. And they should know their company's future prospects better than anyone else. When you find a company like that, it's a gift.]]> Tue, 01 Sep 2009 18:31:39 -0400
I agree that a disproportionate amount of the daily volume is in junk like AIG, Citi, Fannie, Freddie, etc. But this volume is not being generated by corporate officers "dumping and running". It is being generated by gunslingers and hedge funds who find opportunity in high volatility areas to make money both long and short (sometimes in the same day!). I sincerely hope that a very insignifificant portion of the volume is an average citizen investor who says to himself "AIG sure is cheap. I think I'll buy some for my 401(k) and hold it for a few years".

There are dozens of reasons why corporate officers would want to sell. Maybe they had stock options about to expire and needed to exercise them. Maybe they found that great house on the beach in Costa Rica and need a few million in cash. Maybe they just need to diversify. But there is only one reason why corporate officers will buy more of their stock on the open market. And they should know their company's future prospects better than anyone else. When you find a company like that, it's a gift.]]> http://seekingalpha.com/article/158483-cramer-s-stop-trading-the-retail-rally-is-really-happening-8-26-09?source=feed#comment-651545 651545
The most vehement of the JC haters are not typical investors. Most of them are traders and make more money on the short side than the long. The last thing a short perma-bear needs is a cheerleader on television every night, especially when a lot of people follow him. Perma-bears are generally grumpy people, but when they think someone is hitting them in the pocketbook, they get mean. Check out the flames on Stockpickr. ]]> Fri, 28 Aug 2009 16:45:39 -0400
The most vehement of the JC haters are not typical investors. Most of them are traders and make more money on the short side than the long. The last thing a short perma-bear needs is a cheerleader on television every night, especially when a lot of people follow him. Perma-bears are generally grumpy people, but when they think someone is hitting them in the pocketbook, they get mean. Check out the flames on Stockpickr. ]]> http://seekingalpha.com/article/157451-cramer-s-lightning-round-royal-dutch-shell-trim-the-fat-8-20-09?source=feed#comment-640119 640119
At this point in time, there are a lot of investors (with a small impact to the market), and a lot of mutual funds (with a much larger impact on the market), and a lot of hedge funds (with a huge impact on the market) who were all afraid or too cautious to participate in this summer's rally. And people are asking why they missed the opportunity. Everytime we get a 3% pullback, the cash on the sidelines pours in. Eventually, we will exhaust this supply of cash and we will get a 5% to 10% pullback before the value guys start jumping in. That is why I still want high dividend stocks which will weather the storm a little better. Because I am not a trader and I am not going to try to guess when to get out and when to get back in the market.

In my opinion. But I could be wrong. I have zigged when I should have zagged several times in the past two years.]]> Fri, 21 Aug 2009 14:03:56 -0400
At this point in time, there are a lot of investors (with a small impact to the market), and a lot of mutual funds (with a much larger impact on the market), and a lot of hedge funds (with a huge impact on the market) who were all afraid or too cautious to participate in this summer's rally. And people are asking why they missed the opportunity. Everytime we get a 3% pullback, the cash on the sidelines pours in. Eventually, we will exhaust this supply of cash and we will get a 5% to 10% pullback before the value guys start jumping in. That is why I still want high dividend stocks which will weather the storm a little better. Because I am not a trader and I am not going to try to guess when to get out and when to get back in the market.

In my opinion. But I could be wrong. I have zigged when I should have zagged several times in the past two years.]]> http://seekingalpha.com/article/155201-neutral-tandem-offers-an-attractive-entry?source=feed#comment-630389 630389 Fri, 14 Aug 2009 17:20:52 -0400 http://seekingalpha.com/article/155297-it-s-a-dow-theory-buy-signal-time-to-sell?source=feed#comment-627388 627388 Into your heart it will creep ..........]]> Wed, 12 Aug 2009 18:00:22 -0400 Into your heart it will creep ..........]]> http://seekingalpha.com/article/148307-p-e-value-plays-or-value-traps?source=feed#comment-587999 587999
Windstream has a trailing EPS of $0.86, an estimated forward EPS of $0.88, and is paying a dividend of $1.00. How can this dividend be safe? It cannot.

I would not be surprised to see the dividend cut to $0.50. The current price is $7.97, so the dividend yield would be 6.2%, still a good return if the price per share remains constant or rises.]]> Tue, 14 Jul 2009 15:23:58 -0400
Windstream has a trailing EPS of $0.86, an estimated forward EPS of $0.88, and is paying a dividend of $1.00. How can this dividend be safe? It cannot.

I would not be surprised to see the dividend cut to $0.50. The current price is $7.97, so the dividend yield would be 6.2%, still a good return if the price per share remains constant or rises.]]> http://seekingalpha.com/article/145461-cramer-s-mad-money-when-the-facts-change-6-25-09?source=feed#comment-563323 563323
I do not buy stocks because Cramer likes them. Only a fool would buy something because somebody on television said to buy it. But only a fool would close his mind to new ideas and new ideas are what I take away from Mad Money. (and from Motley Fools, IBD, and Seeking Alpha).

If you do not like his personality, don't watch. But don't call me stupid because I do. And do you seriously think that Cramer has enough influence to move the price of RIG, BMY or AAPL? Really??]]> Fri, 26 Jun 2009 08:53:59 -0400
I do not buy stocks because Cramer likes them. Only a fool would buy something because somebody on television said to buy it. But only a fool would close his mind to new ideas and new ideas are what I take away from Mad Money. (and from Motley Fools, IBD, and Seeking Alpha).

If you do not like his personality, don't watch. But don't call me stupid because I do. And do you seriously think that Cramer has enough influence to move the price of RIG, BMY or AAPL? Really??]]> http://seekingalpha.com/article/144715-cramer-s-mad-money-bye-bye-knights-who-say-nii-6-22-09?source=feed#comment-562380 562380
Jim even talks about this in his books. To make big money, you have to find a good small stock that is not yet covered very well. I start with Investor's Business Daily. But I carry a trailing stop loss also, because small cap stocks not only rise more quickly than the overall market; when they fall, they fall hard and fast. Let's be careful out there. Oh, and have some fun. This is supposed to be fun.]]> Thu, 25 Jun 2009 13:49:41 -0400
Jim even talks about this in his books. To make big money, you have to find a good small stock that is not yet covered very well. I start with Investor's Business Daily. But I carry a trailing stop loss also, because small cap stocks not only rise more quickly than the overall market; when they fall, they fall hard and fast. Let's be careful out there. Oh, and have some fun. This is supposed to be fun.]]> http://seekingalpha.com/article/143590-cramer-s-mad-money-housing-has-bottomed-6-16-09?source=feed#comment-553264 553264
No such thing as a phony rally. A rally is a rally. Buy'em when they're cheap because everbody hates'em. Sell'em when they've done well because everbody loves'em.]]> Thu, 18 Jun 2009 23:01:51 -0400
No such thing as a phony rally. A rally is a rally. Buy'em when they're cheap because everbody hates'em. Sell'em when they've done well because everbody loves'em.]]> http://seekingalpha.com/article/143843-cramer-s-stop-trading-say-no-to-china-ipos-6-17-09?source=feed#comment-553262 553262
If you use low cost index funds, why do you have to diversify? Index funds are diversified.]]> Thu, 18 Jun 2009 22:54:48 -0400
If you use low cost index funds, why do you have to diversify? Index funds are diversified.]]> http://seekingalpha.com/article/141892-gilead-looks-good-on-strong-sales-and-pipeline?source=feed#comment-537800 537800
"I know what you're thinking. Did Nancy Pelosi/Harry Reid/Barney Frank/Barack Obama fire six shots or only five? Well, to tell you the truth, in all this excitement, I've kinda lost track myself. But being as this is pricing issue a .44 Magnum, the most powerful handgun in the world, and would blow Gilead's head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?"]]> Mon, 08 Jun 2009 17:46:29 -0400
"I know what you're thinking. Did Nancy Pelosi/Harry Reid/Barney Frank/Barack Obama fire six shots or only five? Well, to tell you the truth, in all this excitement, I've kinda lost track myself. But being as this is pricing issue a .44 Magnum, the most powerful handgun in the world, and would blow Gilead's head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?"]]> http://seekingalpha.com/article/141847-how-to-invest-in-ocean-wave-and-hyrdopower-sustainable-energy?source=feed#comment-537783 537783 Mon, 08 Jun 2009 17:34:16 -0400 http://seekingalpha.com/article/140617-wall-street-breakfast-must-know-news?source=feed#comment-526584 526584
Everything is a trade-off. If you want to trade a less safe vehicle (lighter weight) for more fuel economy and fewer emissions (lighter weight can use smaller engines), then let Washington know. Say what you want about big SUVs. They are safe and as long as gas is cheap, the public will want them.]]> Mon, 01 Jun 2009 12:17:53 -0400
Everything is a trade-off. If you want to trade a less safe vehicle (lighter weight) for more fuel economy and fewer emissions (lighter weight can use smaller engines), then let Washington know. Say what you want about big SUVs. They are safe and as long as gas is cheap, the public will want them.]]> http://seekingalpha.com/article/138947-jim-cramer-master-class?source=feed#comment-517158 517158
Cramer's calls did not cost you any money. You made a decision to buy and you were wrong. Grow a pair.

And you can still make money even if you are right only 50% of the time, if you follow Bill O'Neill's advice and cut your losses at 8% and let your winners run.]]> Mon, 25 May 2009 18:34:09 -0400
Cramer's calls did not cost you any money. You made a decision to buy and you were wrong. Grow a pair.

And you can still make money even if you are right only 50% of the time, if you follow Bill O'Neill's advice and cut your losses at 8% and let your winners run.]]> http://seekingalpha.com/article/139177-philip-morris-international-is-a-strong-buy?source=feed#comment-517143 517143
"Paul Price alias the newsboy, in his obsession to comment negatively on every one of my posts, has made sure all my 600 posts on here EVERY single one has received a thumbs down. Perhaps its because I am financially independent at age age 43 because of my obession in buildinga dividend machine with Mo and Pm."

He may be right about Paul Price. He knows him better than I. But there could be another reason for a thumbs down.

"I am baised because I achieved financial independence through owning this stock over the past 16 years and reinvesting the dividends. It was over 97% of my portfolio for from 1993-2005."

A single stock was over 97% of your portfolio for 12 years? I would never recommend that anyone take on that much risk with virtually their entire portfolio.
]]> Mon, 25 May 2009 18:14:55 -0400
"Paul Price alias the newsboy, in his obsession to comment negatively on every one of my posts, has made sure all my 600 posts on here EVERY single one has received a thumbs down. Perhaps its because I am financially independent at age age 43 because of my obession in buildinga dividend machine with Mo and Pm."

He may be right about Paul Price. He knows him better than I. But there could be another reason for a thumbs down.

"I am baised because I achieved financial independence through owning this stock over the past 16 years and reinvesting the dividends. It was over 97% of my portfolio for from 1993-2005."

A single stock was over 97% of your portfolio for 12 years? I would never recommend that anyone take on that much risk with virtually their entire portfolio.
]]> http://seekingalpha.com/article/138796-deere-gives-an-eh-type-of-earnings-report?source=feed#comment-513550 513550
I think we are due for a correction soon. Much sooner than Q3 or Q4. But I expect a pullback to 800 or so, which is 14% off the high on May 8 and where we were at the start of April. We might get support at 850 (the 50 day moving average), so 800 would be my lower estimate. There are a lot of people out there who felt they missed the last run up and want a second chance to buy something.

But I do not mind the bearish sentiments expressed above. As long as there are a few bears around, the market can go higher. And if I could predict the future, I would be freaking rich. And I am not. Stay invested, but be careful and carry tight stops. And remember to have fun.]]> Thu, 21 May 2009 17:42:51 -0400
I think we are due for a correction soon. Much sooner than Q3 or Q4. But I expect a pullback to 800 or so, which is 14% off the high on May 8 and where we were at the start of April. We might get support at 850 (the 50 day moving average), so 800 would be my lower estimate. There are a lot of people out there who felt they missed the last run up and want a second chance to buy something.

But I do not mind the bearish sentiments expressed above. As long as there are a few bears around, the market can go higher. And if I could predict the future, I would be freaking rich. And I am not. Stay invested, but be careful and carry tight stops. And remember to have fun.]]> http://seekingalpha.com/article/136892-the-oil-business-could-be-worse-but-not-much?source=feed#comment-499588 499588 Mon, 11 May 2009 18:37:47 -0400 http://seekingalpha.com/article/136746-jim-jubak-s-watch-list-should-you-own-these-stocks?source=feed#comment-499576 499576
You can question the viability of a lot of stocks, but understand that if you mention anything negative about Apple, Starbucks or Ferrari, the tifosi will be out to get you.]]> Mon, 11 May 2009 18:28:26 -0400
You can question the viability of a lot of stocks, but understand that if you mention anything negative about Apple, Starbucks or Ferrari, the tifosi will be out to get you.]]> http://seekingalpha.com/article/135166-cramer-s-lightning-round-youth-apparel-stock-are-worn-out-5-5-09?source=feed#comment-491842 491842
Unless they go bankrupt. They can go into Chapter 11, come out the other side with a new symbol (CITI?). The banks will still be there and will be open for business, but your shares of C will still be worth zero. Ask former holders of UAL. United Airlines is still flying and making money but shares of UAL are worth nothing. It is unfair to call people who think Citigroup may declare bankruptcy stupid and small brained. It's a reasonable possibility.]]> Wed, 06 May 2009 10:21:29 -0400
Unless they go bankrupt. They can go into Chapter 11, come out the other side with a new symbol (CITI?). The banks will still be there and will be open for business, but your shares of C will still be worth zero. Ask former holders of UAL. United Airlines is still flying and making money but shares of UAL are worth nothing. It is unfair to call people who think Citigroup may declare bankruptcy stupid and small brained. It's a reasonable possibility.]]> http://seekingalpha.com/article/135168-cramer-s-mad-money-mutual-fund-monday-5-4-09?source=feed#comment-489989 489989
"this all important business as an adult would not with the display he puts on, there is too much stress out there these days to find any humour in that juvenile act he puts on" Sorry, but this business is not all important. There are many things in life more important. Some people have forgotten that trading stocks is supposed to be fun. I enjoy Cramer's antics, so I watch him. If he bothers you, turn him off. But don't call me a fool because I enjoy his show.]]> Tue, 05 May 2009 09:17:14 -0400
"this all important business as an adult would not with the display he puts on, there is too much stress out there these days to find any humour in that juvenile act he puts on" Sorry, but this business is not all important. There are many things in life more important. Some people have forgotten that trading stocks is supposed to be fun. I enjoy Cramer's antics, so I watch him. If he bothers you, turn him off. But don't call me a fool because I enjoy his show.]]> http://seekingalpha.com/article/135167-cramer-s-lightning-round-jamie-dimon-is-the-next-warren-buffett-5-4-09?source=feed#comment-489971 489971 Tue, 05 May 2009 09:07:09 -0400 http://seekingalpha.com/article/135023-buffett-is-burlington-northern-this-year-s-good-idea?source=feed#comment-489960 489960 Tue, 05 May 2009 09:03:48 -0400 http://seekingalpha.com/article/133552-cramer-s-stop-trading-all-eyes-on-verizon-4-27-09?source=feed#comment-483269 483269 Wed, 29 Apr 2009 18:33:03 -0400 http://seekingalpha.com/article/133728-a-junk-stock-rally?source=feed#comment-483251 483251
If this rally only lasts another month, so what? If you like to buy a stock and hold it for two years, maybe you should be sitting in cash right now. But if you want to buy something and keep a tight stop on it, taking what the market will give, why not play now?]]> Wed, 29 Apr 2009 18:12:52 -0400
If this rally only lasts another month, so what? If you like to buy a stock and hold it for two years, maybe you should be sitting in cash right now. But if you want to buy something and keep a tight stop on it, taking what the market will give, why not play now?]]> http://seekingalpha.com/article/133852-cramer-s-lightning-round-a-plethora-of-fantastic-rails-4-28-09?source=feed#comment-483231 483231 Wed, 29 Apr 2009 18:04:00 -0400 http://seekingalpha.com/article/133853-cramer-s-mad-money-more-ultrashort-etfs-4-28-09?source=feed#comment-483220 483220
I hope so. As long as the market is going up, whether caused by lies or spin or CNBC hype or not, I am along for the ride. I don't care what the reason is. If we get a crash this summer, a smart trader would start to short. I do not short, so if the market crashes this summer, I will just be out (in cash) waiting for the next run up. I gave up trying to be right while fighting market trends a long time ago.]]> Wed, 29 Apr 2009 17:59:01 -0400
I hope so. As long as the market is going up, whether caused by lies or spin or CNBC hype or not, I am along for the ride. I don't care what the reason is. If we get a crash this summer, a smart trader would start to short. I do not short, so if the market crashes this summer, I will just be out (in cash) waiting for the next run up. I gave up trying to be right while fighting market trends a long time ago.]]> http://seekingalpha.com/article/132229-cramer-s-lightning-round-the-best-insurance-broker-in-the-world-4-21-09?source=feed#comment-473367 473367 Wed, 22 Apr 2009 18:20:30 -0400