Tuesday, December 12, 2006
From my undisclosed location, I had my trader/servant buy RACK-- all day. Franky, I fucking hate RACK and its stupid name, but the stock sold off 3 points because a VP of sales left the company. The shorts made it seem like everyone but the janitor left and the company was leaking out a warning. Please, I don't think so.
Therefore, I bought 10,000 RACK @ $30.10 for a trade.
Also, JP Morgan initiated coverage on HANS and basically repeated my point: HANS is cheap and Cramer has no fucking idea what he's talking about-- with regards to the Monster. Go ahead, bet against it.
NOTE: I have been right on HANS for 6 straight points.
Finally, the steel stocks got ripped to shreds. I do not like the NUE warning and would avoid the metals like the plague.
As for oil: UPL and VLO are on sale.
Like I said, this option grant thing is a red herring. Very shortsighted and counterproductive for stockholders to sue--costs the company money that could be spent growing the business. The only real winners are the lawyers.
HANS goes to $55 in 2007 and Cramer admits he was wrong on the monster.
I've found it difficult to make money in a stock that he's pissing on, whether he's right or wrong.
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