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Thursday, February 15, 2007

February 15th - CLWR

Cramer started out with a "Know your IPO" segment for Clearwire Corp. (CLWR). Not something that can be shorted following this strategy. Cramer did give FIG 1 thumb up on its IPO and it has gone from a high of $37 to under $29 today. I'm pretty sure anyone that bought day 1 (and didn't get in on the IPO shares at $18.50) are all underwater on the trade. Since Cramer really didn't endorse the IPO and the segment was really about SHLD I won't hold it against him :)

And if I heard right, Cramer is doing the Sell Block and Am I Diversified, neither of which I follow for shorting.

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