Value Microcaps Motherboard

[cliffvb]

OT: Cramer- I think Cramer's only value is for entertainment and only then if one enjoys his act (no more than maybe a few minutes per week for me). I really believe he has picked more losers than winners.

One year ago, back in July '07, he went on CNBC saying that Downey (DSL) had the most compelling risk reward out there at $69/ share. He said he had researched it and the book value was solid at $51 and that the recent rate drops would mean lots of profits ahead for this California based ARM mortage lender as the RE market there was bottoming. Cramer said it was going to $100/ share.

Today, Downey has dropped all the way from $69 to $2 /share and I would not be at all surprised to see the Fed have to take them over them in the next few months. Downey was also my first short sale ever, and quite a profitable one at that.