Showing posts with label Cramerica. Show all posts
Showing posts with label Cramerica. Show all posts

Tuesday, March 18, 2008

Beware of Cramerica - Wachovia (WB) price action

Just thought this was interesting... Jim Cramer said all banks are a sell yesterday. In after hours Wachovia (WB) trades down 3%.

Today we get a massive rally that pushes WB up 10%.

If you listened and blindly followed Cramer, you are out 13%. And if you listen to others it is hard to get the conviction that lets you stand firm. I bet a bunch of those selling after hours are back in at these prices.