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Friday, August 25, 2006

August 25th - Day of Atonement - Repeat

Cramer had a repeat of his "Day of Atonement" show where he highlighted several of his worst picks. Of course, these are not picks that are going to be short-worthy come Monday, and doesn't really help short term shorting of his picks but could make an argument for some longer term shorting....but that's another story.

If you're interested, here are the bad picks Cramer looked at:

CD Cendant Corp.
Accounting Irregularities

DKS Dick's Sporting Goods Inc. Called before earnings and they missed

MRH Montpelier Re Holdings Ltd. Said the hurricanes were done, then Katrina hit

CBH Commerce Bancorp Inc. (NJ)
NLY Annaly Mortgage Management Inc. Held both of these as the Fed was raising rates

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