StockBlade Call On March 25th Revisited: “Cramer Is Dead Wrong. Housing And Homebuilders Are Going LOWER”
May 9, 2008 11:26 PM
Not often will you see a site come out the SAME day as Cramer and say he is dead wrong. We do it often. On March 25th (you can search the post), we said Cramer is dead wrong, housing and homebuilders are going lower, this was nothing more than a short covering rally. Homebuilders have only fallen about 10% since, but more than 15% off the recent high. Down 10% is a good call, last I checked.
Then again, if you are long AEM on Cramer’s call to “buy more” the day after it’s high and we said the stock was a SHORT…you would be down 20%…and counting. Or up 20% if you had listened to us and shorted it. So maybe “only” down 10% a month on Mad Money is good, not sure.
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