Michael Delaney

Cramer's Mad Money - When the Facts Change...(6/25/09)

And there is nothing wrong with being a neophyte. Cramer's books taught me what a PE ratio was, why growth is so important, how to buy a stock, etc. I am not a neophyte any longer, but I still pay attention to Cramer.

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??

Cramer's Mad Money - Housing Has Bottomed (6/16/09)

Mr. Ed,

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.

Deere Gives an 'Eh' Type of Earnings Report

I do not short stocks, so I will not comment on the advisability of shorting DE. But I do not believe the S&P will revisit its 666 bottom in Q3/Q4. (If you wanted to buy at 667, you had to do so on either March 6 or March 9. It did not stay there very long. The lowest close was on March 9 at 676.)

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.

Cramer's Lightning Round-Youth Apparel Stock Are Worn Out (5/5/09)

ifuwish2,

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.

A Junk Stock Rally

The rally may be built on quicksand, but you can still make money if you are nimble. And down at my bank, they don't ask me "You didn't make this money because of a low quality rally, did you?"

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?

Cramer's Mad Money - Wells Fargo Changes the Game (4/909)

Smalltownbanker,

You do not have to listen to Cramer. Listen to the market. A lot of institutions and other big traders were looking for a reason to like the market and Wells Fargo gave them a story to hang their hat on. Whether Wells Fargo was telling the truth or was using creative accounting is beside the point. When the big dogs want a bull market, we are going to get a bull market. You may think this rally makes no sense, but you can't fight the trend.

(Were you short and caught by surprise by the rally? How much TARP did your bank get?)

Cramer's Mad Money - Beating the Bad News Bears (3/13/09)

BMWTwisty,

You are one angry Apple-holic. Nearly all of your 33 comments are very critical (of CNBC, of Cramer and of anyone who says anything negative about Apple or Steve Jobs). Lighten up. If AAPL drops in price, you can buy more! Isn't this fun?!