Didja catch NPR this morning? Nice feature on Cramer’s Mad Money. Check it out! Lots of extra links there to check out.
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Cramer on NPR
Swaps Today NBR for ENG, CTRN for GME
Sold 1190 Englobal (ENG) at $11.13 and bought 168 Nabors (NBR) for $78.78 at 10:30 as promised.
Sold 314 GameStop (GME) at $39.98 and bought 288 Citi Trends (CTRN) for $42.51 at 10:30.
You’ll see it on the Portfolio page tonight.
ENG Downgraded, IBD Free
The MMM Cramer 2006 portfolio slipped today while the ETF posted a small gain, slightly narrowing the gap. Mostly due to an analyst downgrade from Buy to Neutral of Englobal (ENG). We’ll see how that works out. Let’s take half off the table tomorrow at 10:30. Might swap that half into Nabors (NBR), but I need to do some checking before then, otherwise rest in cash.
Jim also says to take some GME off the table. I think we may swap completely out at 10:30 ET tomorrow just to keep the bookkeeping easy. Stay tuned…
Also, Investor’s Business Daily is free this week. Take advantage of it! Hint: You can download past issues too. Get ‘em while the gettin’s good.
Will put out a new podcast either tomorrow or Friday so be on the lookout for MMM-005! And I’ll pick the winner of Cramer’s Book and the RARE Mad Money notepad. If you haven’t entered the drawing yet, listen to the MMM-004 podcast (below) for details, but do it quickly!
10.3%
Dude, 6% return on your money is OK, right? 8% return in a year is pretty good. 10% these days is really nice. Well, after 6 trading days the MMM Cramer 2006 portfolio is up 10.3% already! Pretty fantastic for a diversified portfolio!
As I mentioned previously, I swapped out of Cynosure (CYNO) today and into Palomar (PMTI). Sold 479 CYNO at $18.00 and got 221 PMTI at $39.08 at 10:30. (Pretend money, remember). So in addition to a 10.3% gain in the portfolio, we also have $1,370 of tax loss that we can apply to any tax gains we may happen to take later this year.
Darn, I should have put real money into this thing!
Should we ring the register on ENG, STX, or GME? Lemme know!
Adjustments
Cramer says Palomar (PMTI) is now the best-of-breed laser company. While he still likes Cynosure (CYNO), he says PMTI has more patent protection than competitors. Let’s swap CYNO for PMTI from the Cramer 2006 portfolio as of tomorrow’s (Tuesday’s) price at 10:30 ET. (Guess I’ll have to keep track of the tax-loss selling too.)
Also, he said Friday that until the Guidant (GDT) deal is done he’d stay away from Johnson & Johnson (JNJ). So strike it from our Common Ground report below.
Me, the fan. Without the plug.
I’m mentioned briefly in an article about Jim Cramer’s Mad Money show. I told the reporter about my (at the time upcoming) website and podcast too, but sadly it didn’t get a mention. At least she got my quote right! But I think I also mentioned something about investing being a normally dry topic and that is what is different about Mad Money.
BTW: as of this writing the link to the slideshow at the bottom of the article didn’t work. I’ll send her an email…
Party like its 1999!
A market that acts like this makes one giddy. Ah memories of 1999 all over again. I’m liking 2006 already. MMM Cramer portfolio up 6.7%, ETF portfolio up 4.0%.
No Stoppin’ GameStop
Holy Cow! Whatta move today for GME. up 11.5% for the day and 17.3% since the 12/30 close. December comp same store sales up 8.7%. Lots of other good news there. Should we RING THE REGISTER NOW? or let ‘er ride??? Perhaps a trader would sell now and buy it back again slightly lower, but I think we’ll just hold it until we get the signal from Jim.
The MMM Cramer Portfolio is already pulling ahead of the ETF portfolio after only 3 trading days, thanks to GME and ENG. CYNO and SLE are the only two under water at the moment. The MMM Cramer Portfolio is up 4.2% and the ETFs are up 2.9%. That’s fantastic after only three days.
BTW: Jim’s newest monthly column is up at nymag.com. In it he gives some headlines we should expect to see in 2006. BTW: he also covered the material in yesterday’s radio show. He says CBS is ripe for a takeover and that Citigroup and GS will merge.
Love days like today
Oh my, what a great day to be in the market. Kinda makes you wish you didn’t have anything at all in cash. Have a look at how well the MMM Cramer portfolio did compared with the ETF portfolio today. Nice energy spike, huh?
Hey, while I’m here I have a favor to ask: would you please VOTE for my podcast? I’m trying to gain some traction here against the big corporate types. So if you like rooting for the little guy, please VOTE.
Overwhelming Response, Thanks!
The first Mad Money Machine podcast is only 48 hours old now, but the response has been absolutely overwhelming! I am flabbergasted by the amount of attention this thing is getting and so soon. We addicts are finding a community I can tell. I will work my hardest to keep improving both the quality of the show and the quality of the information contained therein, especially now that I know you’re listening. (And I’ll add some energy while shortening its length, two things I’m sure you’ll appreciate!) Please send emails to feedback@MadMoneyMachine.com with questions, ideas, improvements, or just a Merry Christmas. I’ll see what I can do to get another show out before the new year with the 2006 portfolio. Then again after the turn of the year I’ll discuss the prices we got for the stock picks. And as always in each show I’ll give ideas from other gurus, some tools, and the New Money segment for the new investors and kids. Happy Holidays! Click HERE to listen or download into iTunes.
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