CramerEffect.com » sell off http://www.cramereffect.com Tracking the Stock Pick's of Jim Cramer Thu, 16 Dec 2010 23:18:50 +0000 http://wordpress.org/?v=2.8 en hourly 1 Cramer Continues Bearish Theme As the Market Sell Off Continues http://www.cramereffect.com/2009/09/cramer-continues-bearish-theme-as-the-market-sell-off-continues/ http://www.cramereffect.com/2009/09/cramer-continues-bearish-theme-as-the-market-sell-off-continues/#comments Fri, 25 Sep 2009 20:42:42 +0000 admin http://www.cramereffect.com/?p=167 The stock market finished the week by dropping for the third consecutive day. The Dow Jones Industrial average fell 42 points to close at 9,665. Disappointing earnings results from Research in Motion (RIMM: 16.575 0.00%) and KB Homes (KBH: 10.43 0.00%) along with worst than expected August new home sales led to the market sell off. Jim Cramer continued his recent bearish tone on last night’s Mad Money show as well.

Here is a review of the performance of Jim Cramer’s stock picks from Thursday’s Mad Money show.

A123 Systems (AONE: 2.52 0.00%)
A123 Systems, the hot IPO, dropped 3.4% after Cramer recommended that investors take their gains off the table. The battery maker went public yesterday at an offer price of $13.50. The stock shot to over $21 on its first day of trading.

Research in Motion (RIMM: 16.575 0.00%)
Research in Motion fell big time today after posting disappointing revenue numbers yesterday. Jim Cramer appeared to have been lukewarm at best on RIMM over the last couple of months and has clearly preferred Apple (AAPL: 463.97 0.00%). Last night, he once again urged investors to use the drop Research in Motion as an opportunity to buy Apple stock.

Cramer’s Lightning Round stock picks:

Clearwire Communications (CLWR: 1.81 0.00%) fell 3.2% – Cramer was bearish on Clearwire and believes that investors have much better options in AT&T (T: 29.97 0.00%) and Apple.
Live Nation (LYV: 10.84 0.00%) dropped 1.8% – Cramer recommended investors take profits as he doesn’t see this stock going much higher.
Sallie Mae (SLM: 15.875 0.00%) fell 1.0% – Cramer actually likes Sallie Mae which he believes will go to $10 by the end of the year.
Oracle (ORCL: 29.00 0.00%) dropped 1.5% – “Oracle is flat lining here.”

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