March 13th - MO-WI DOW AA
Cramer started out recommending some stocks after the sell off today that was apparently based on the sub-prime crisis. He recommended defensive plays that do better in a bad market. He said to buy Altria but under the stock code (MO-WI) and not MO, which are the shares without Kraft foods (or called "when issued" shares). It closed at $63.10 today and it looks like it just started trading. I can find MO-WI on Yahoo! finance but not at my broker site, but regardless, its not one I'm interested in shorting (assuming you even can yet) because its "new" and expensive.
Finally Cramer spoke of some rumours that Dow Chemical Co. (DOW) and Alcoa Inc. (AA) could be takeover targets. These are both heavily traded stocks that are just too big for Cramer to have enough of an effect on. DOW and AA are still red after hours, so the recommendations haven't even brought them to even on the day.
posted by CramerTracker @ 3/13/2007
4 comments
Comments on "March 13th - MO-WI DOW AA"
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Anonymous said ... (March 13, 2007 8:16 PM) :
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CramerTracker said ... (March 13, 2007 9:34 PM) :
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Unknown said ... (March 13, 2007 11:03 PM) :
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PENNY STOCK INVESTMENTS said ... (January 20, 2014 1:45 PM) :
post a commentAmazing how lonely things get when the market's not doing so well.
Haha very true. Not a fun time for Cramer I'm sure trying to make picks that won't hurt people too much while at the same time trying to keep people interested in watching his show. The comments on the blog here typically come in spurts though and then go quiet like this for a long time.
Ok, I am authorizing people to begin posting comments agian. Jason you jumped the gun but I forgive you. How about commenting on down side plays. You guys have any your doing? Myself I've been holding QID, its an ultra short ETF. Ive also been in USO (oil ETF). That has kept the pain from being too sever and cripling. What are you guys doing...?
Its very true.