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AEM Is Not Out Of The Woods By Any Stretch, Cramerica Sheep Take Another Beating

April 26, 2008 8:27 AM

dicemarket.jpgHow are the Cramerica Sheep liking his call to be long AEM AT THE HIGHS when I warned against it - repeatedly. AEM is STILL in trouble here. If it cannot take out the all time high, then testing the December 07 low of $45.55 is not impossible. That is the only key number to be long AEM above here. I have warned many, many times to avoid this stock. I feel bad for the guy that called in to Mad Money the day after AEM made it’s all time high, and Cramer’s advice was to “buy more”. That post is on here if you do a search of AEM. In that post I said buy more??? AEM is a SHORT …not a double down.

 If you invest on what you “believe” is likely in the macro future, like Cramer’s call that gold is going to $1600, and ignore what the market is saying, you are gambling. it is that simple. AEM clearly was a short below it’s high and his advice to “buy more” is simple stupidity.

Written by Tom@StockBlade.com · Filed Under AEM, Stock Watch 

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