11/21/2006

Unbelievably Bad Advice

James Cramer is still bullish on Nymex, and his argument still has a whiff of Money Shamanism. The stock punished late buyers by going up fast; they can only placate it by buying less than they originally intended, and then buying some more later on no matter what happens in the meantime. Come hell, high water, accounting fraud, or a general crash, Cramer still wants you to buy Nymex later in the week. I was going to use "People who made Nymex double its first day of trading" as a benchmark for Polyanish stupidity, but Cramer is -- as always -- a step ahead of crowd.

This blog is no longer being updated. Visit ByrneHobart.com for more blogging, or pay a visit to my new Internet stock research and M&A due diligence company.


posted by Byrne Hobart at 2:05:00 AM

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