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Re: metropick post# 279

Tuesday, 06/19/2007 1:48:32 PM

Tuesday, June 19, 2007 1:48:32 PM

Post# of 708
Well, I think I said $80 was the bottom, but I just read J. Cramer's answer to someone on stockpickr.com, and even he said maybe $72-75. Don't know if you read it, but here's the blurb:

"People should understand something. many many people
since i started this public portfolio have BEGGED me to
declare defeat on stocks.. I declared defeat three
times when faced with this pressure last year: ALCAN,
BOL, and IR. each time the stock went down a point or
two after i declared defeat. Then they went up from 100
to 50%. If people think i am going to declare defeat
when i think that the NYX can go to $72-75 where i
believe it will be a gift they are sorely mistaken. I
can't sell and buy back for AAPLUS but when i write
that it is going lower --and i write it ten
times--what's the takeaway--that it is going higher?
That the hectoring alleged fans who want me to declare
defeat are going to be happy? If i read this column in
the last month or two i would say "cramer hates NYX for
now, but will buy it when it goes lower." How can i be
more clear? Do people want me to say "I am an idiot?"
Why? Because i said a stock i like is going down??
Pretty gutsy if you ask me....SHORT IT FOR HEAVEN"S
SAKES"