Comments on: Cramer on Tech sector stocks: “Tech’s awful.” http://www.makeyougohmm.com/20080206/5065/ Technology, music, video, art, news, reviews and muse on the web Thu, 04 Dec 2008 01:28:53 +0000 http://wordpress.org/?v=2.2 By: Kevin http://www.makeyougohmm.com/20080206/5065/#comment-721485 Kevin Sat, 09 Feb 2008 23:53:09 +0000 http://www.makeyougohmm.com/20080206/5065/#comment-721485 Whether now is a good buying time or not, depends upon your intention. If you are buying for the short term and looking to sell, it is probably not a good time to buy. But if your intention is to hold long term, it is a good time. So it is always relative to what you plan to do. Whether now is a good buying time or not, depends upon your intention. If you are buying for the short term and looking to sell, it is probably not a good time to buy. But if your intention is to hold long term, it is a good time. So it is always relative to what you plan to do.

]]> By: John Hunter http://www.makeyougohmm.com/20080206/5065/#comment-720613 John Hunter Thu, 07 Feb 2008 00:04:50 +0000 http://www.makeyougohmm.com/20080206/5065/#comment-720613 Google is a great investment here in my opinion. What will happen in the next 6 months I really have little idea. 5 years from now I think the odds are high for a very good return. Google is a great investment here in my opinion. What will happen in the next 6 months I really have little idea. 5 years from now I think the odds are high for a very good return.

]]> By: TDavid http://www.makeyougohmm.com/20080206/5065/#comment-720509 TDavid Wed, 06 Feb 2008 17:22:15 +0000 http://www.makeyougohmm.com/20080206/5065/#comment-720509 I think Cramer is pretty good entertainment but as for his accuracy, I have only followed one stock that he bought into: NLY and did good on that one. Anybody can get lucky and pick one stock so I'm not convinced following his advice is a good strategy. I'll check out the others you mentioned, Davis, thanks :) I think Cramer is pretty good entertainment but as for his accuracy, I have only followed one stock that he bought into: NLY and did good on that one. Anybody can get lucky and pick one stock so I’m not convinced following his advice is a good strategy.

I’ll check out the others you mentioned, Davis, thanks :)

]]> By: Davis Freeberg http://www.makeyougohmm.com/20080206/5065/#comment-720505 Davis Freeberg Wed, 06 Feb 2008 17:11:20 +0000 http://www.makeyougohmm.com/20080206/5065/#comment-720505 Cramer is a moron. Investors shouldn't listen to him. They are much better off buying well run companies and holding on for the long term. If you look at the stocks that are getting pummeled, it's the large cap fast money positions that are being abused. This should tell you something about the conditions of the hedge funds who have been speculating on these names for so long. Ironically, the crappy little small caps that have been underperforming are actually going up as the hedge funds cover their shorts on the small stocks. Look at the performance of stocks like OSTK, TIVO or IRBT during the credit crunch last summer and you can see this effect. Right now, I like Lojack (LOJN) a lot. Their stock has been hammered on auto slow down concerns, but I think people have underestimated the appeal of being able to track down your stolen laptop. I also like Calamos (CLMS). Their assets under management will decline with the market, but should also recover during better economic times. Their funds did great during the last bear market and I bet that they are getting some real bargains in the convertible bond market right now. I could of tried to call the bottom on this one and waited a bit longer to invest, but I see this recent weakness as a way to get into some stocks that will likely be too expensive during the next bull market. I may end up waiting or taking a loss in the near term, but Calamos runs a great shop and I've got confidence in the long term future of the company. Finally, I like Interdigital (IDCC). I haven't invested in this one because they are a patent troll, but I can't argue with their economics. With about $200 million in very high gross margin (85+%) revenue each year, the company has the opposite problem of a lot of the cash strapped banks. Add to this two recent $200+ million judgment decisions, a third possible lawsuit settlement in the wings, a massive buyback, and $20 - $30 million in revenue when Apple announces 3G support and I think you have a winner regardless of how the economy turns out. These companies won't make you any fast money and I doubt that you'll ever hear Cramer pumping them on his show, but I think that by focusing on some of the lessor known companies, that you can out perform the day traders who have to come up with a new idea each day, in order to keep churning their accounts. Cramer is a moron. Investors shouldn’t listen to him. They are much better off buying well run companies and holding on for the long term. If you look at the stocks that are getting pummeled, it’s the large cap fast money positions that are being abused. This should tell you something about the conditions of the hedge funds who have been speculating on these names for so long.

Ironically, the crappy little small caps that have been underperforming are actually going up as the hedge funds cover their shorts on the small stocks. Look at the performance of stocks like OSTK, TIVO or IRBT during the credit crunch last summer and you can see this effect.

Right now, I like Lojack (LOJN) a lot. Their stock has been hammered on auto slow down concerns, but I think people have underestimated the appeal of being able to track down your stolen laptop. I also like Calamos (CLMS). Their assets under management will decline with the market, but should also recover during better economic times. Their funds did great during the last bear market and I bet that they are getting some real bargains in the convertible bond market right now. I could of tried to call the bottom on this one and waited a bit longer to invest, but I see this recent weakness as a way to get into some stocks that will likely be too expensive during the next bull market. I may end up waiting or taking a loss in the near term, but Calamos runs a great shop and I’ve got confidence in the long term future of the company. Finally, I like Interdigital (IDCC). I haven’t invested in this one because they are a patent troll, but I can’t argue with their economics. With about $200 million in very high gross margin (85+%) revenue each year, the company has the opposite problem of a lot of the cash strapped banks. Add to this two recent $200+ million judgment decisions, a third possible lawsuit settlement in the wings, a massive buyback, and $20 - $30 million in revenue when Apple announces 3G support and I think you have a winner regardless of how the economy turns out. These companies won’t make you any fast money and I doubt that you’ll ever hear Cramer pumping them on his show, but I think that by focusing on some of the lessor known companies, that you can out perform the day traders who have to come up with a new idea each day, in order to keep churning their accounts.

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