jbs

Cramer on Pacific Ethanol: Can You Say 'Coin Flip'?

You have to make your own decisions about your money - end of story. To me, it doesn't matter what Cramer recommends or Gates owns. What matters is the REASON. If I believe in the reason and do more research that supports their hypothesis, then I may come to the same conclusion they have.

As far as Bill Gates... It's fair to say he's in a very different financial position than anyone else reading this article, so the fact that he owns PEIX shouldn't persuade you one way or the other. Now if he has a well documented reason why he owns it, and you believe in that reason then buy all you want, but for heaven's sake don't buy just because he bought it. (and I'm not saying anyone here is foolish enough to do so).

I never buy based on anyone's advice anyway. It's my money. I can't call Cramer and demand a bazillion dollars because he gave a bad recommendation. And although Cramer probably has good intentions, he "recommends" so many stocks and flip flops so much that his advice is generally useless. I've had my share of Cramer-inspired investments, but only a few. And only after I looked at them very closely.