Friday, December 22, 2006

 

Cramer Wrong on Jones Soda

Yesterday, on Mad Money, Cramer said JSDA could be the next HANS. The only problem: Jones sells disgusting tasting soda pop, while HANS sells the ridiculously popular Monster. No comparison. Apples to chestnuts.

With JSDA up 15% on the Cramer pump, I'd fade it.

NOTE: Bob Parker, managing director at Credit Suisse asset management, is now cautious on equities. I respect Bob's opinion on the markets more than any talking head that CNBC interviews. Bob is a regular guest on CNBC Europe. Which, by the way, is a great program-- unlike CNBC U.S.

Watch Bob here.

Comments:
Heavy manipulation on low volume going on today in tech. Broker I hope you've got some Christmas money left over cause the dip buyers are at Best Buy.
 
Broker,
Your starting to sound like Rev Shark.
 
Great, now we have Doug Kass's Fly on WallStreet.
 
"Broker,
Your starting to sound like Rev Shark."

Holy shit, I do sound like Rev. No seriously, fuck off-- I do not.
 
Thanks for posting the Bob Parker interview. Nice to hear someone speak honsetly about the risks in the market rather than toak their book like most of the talking heads on CNBC and Bloomberg.

BTW, anybody who doesn't expect at least a 10% correction by March is, to borrow an often used phrase here, a DICKLESS, FUCKTARDED, ASSHAT.
 
You know what:

You may be right. However, I refuse to put my balls on that line yet. If I see the writing on the wall, I will reverse my bullish position-- faster than you can say "eat my shorts."
 
What direction does Bob Barker over at the Price Is Right think were going?
 
I don't sell until Bob Barker tells me to.
 
$10 billion outflow out of mutual funds. Did the asshole dip buyer finally ran out of gas?

I see signs of buyer exhaustion EVERYWHERE. RIMM down $3 on an unbelievable quarter and guidance that even the bull with the biggest balls didn't expect. GS blows away the quarter and the stock subsequently gets marked down $3. Selling in AAPL every day. Transports down every day. Commodities rolling over. Parabllic blow offs occuring in emerging markets (Russia, China and to a lesser extent Brazil).

I'd love to know what signs you are looking for to tell you the rally has legs.
 
I wouldn't read too much from today's action.

The volume is thin and big money is on vacation.

Let's talk next week.
 
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