James Cramer: Reality Check, Anyone?
This article originally appeared on Jan 30, 2014 on RealMoney.com. To read more content like this plus see inside Jim Cramer's multimillion-dollar portfolio for FREE... Click Here NOW.
I love companies that stick it to the bears. Under Armour
What did I hear from the bears? How about endless chatter about how he had too much inventory and declining gross margins. The bears swore that the multiple was way too high and was, therefore, ripe for a fall.
Then you look at today's action and you realize that the stock was cheap after all on next year's earnings and that the sucker play was to short it on valuation. I always urge you never to short on valuation.
Or how about Caterpillar
But you want to know who stuck it to the bulls? How about those clowns at ADT
If I were the SEC, I would be calling them up right now to have a little sit-down about the concept of insider information. We used to own this stock for Action Alerts PLUS and there but for the grace of God we avoid this monstrosity.
Fortunately, I can tell you that you should have too, as Herb Greenberg was writing about this travesty when you still had a chance to get out. Reality check, anyone?