free counter statistics

Wednesday, February 28, 2007

February 28th - Bottom Fishing

Cramer started out bottom fishing for some good deals on the heels of the big sell off from Tuesday. He named several "shopping cart" picks like HNZ, CLX, GIS, and said he really likes Altria Group Inc. (MO). He also likes some bio-techs namely Celgene Corporation (CELG)
and Gilead Sciences Inc. (GILD). These types of stocks aren't big gainers because they aren't what people appear to buy when watching Cramer.

Cramer said the next bottom sector that could be in the new 2 weeks is in part of the financial sector. Again he named Goldman Sachs Group Inc. (GS), Capital One Financial Corp. (COF), Bank of America Corp. (DE) (BAC), Citigroup Inc. (C), and T. Rowe Price Group, Inc. (TROW). Again, not the speculative type stocks that are best for big price spikes and shorting. The current market state are going to make things a little difficult here until confidence is regained.

Comments on "February 28th - Bottom Fishing"

 

post a comment