iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,445 Blog Posts

Cramer is an Idiot

Believe me, I tried to think of another title for this post. I lamented over the fact that this title may be viewed as a personal assault upon Cramer’s reputation. However, after intense analysis, this is the only title that would suffice.

On yesterday’s Mad Money show, Cramer threw refiners into his “sell block.” Why you ponder?

Well, he discussed how the crack spread is “super high” and how the spread between WTI and Brent crude could not sustain current levels. He furthered his assault, claiming the group was set to report “outstanding results” and that the stocks would gap higher on that news. WTF?!? Now a normal person would discount his opinions regarding Brent-WTI spread tightening as mere conjecture. After all, there is a reason why Brent is trading at a big premium, all to do with the middle east on fire, literally. WTI crude is stored in Oklahoma, a place where tomahawk missiles and bands of RPG wielding “freedom fighters” are not found in great abundance. Frankly, I agree with everything else he said.

Yes, the refiners will report outrageous earnings, effectively roasting the stomachs of those betting against them. Going into the peak driving season, gasoline demand will soar, sending spreads even higher. Current spreads are at $25 and climbing, yet Cramer is telling his flock to take profits. I cannot agree with such thinking, especially at a time when the refiners are just ramping, from an EPS perspective.

How egregious can share prices get, best case scenario?

Let me show you something. Inside The PPT, I launched new tools that will automatically scour analyst estimates, both high and low ranges, then recalculate PEG and FPE scores based on the data. Let’s take a look at the average estimates for the refiners, then compare that to the high end estimates (I believe refiners will exceed the very highest of estimates).

No. Ticker Earnings – Avg. Est. (next yr) Earnings – Avg. High Est. (next yr) Forward PE Forward PE (high est.) Industry
1 VLO 3.48 4.80 8.33 6.07 Oil & Gas Refining & Marketing
2 MRO 5.69 7.63 9.20 6.94 Oil & Gas Refining & Marketing
3 WNR 1.89 2.41 9.74 7.63 Oil & Gas Refining & Marketing
4 HES 7.88 10.42 10.11 8.11 Oil & Gas Refining & Marketing
5 MUR 6.99 8.94 10.17 8.40 Oil & Gas Refining & Marketing
6 TSO 2.53 4.04 10.55 6.61 Oil & Gas Refining & Marketing
7 CVI 2.10 2.20 11.15 10.65 Oil & Gas Refining & Marketing
8 HOC 5.26 7.49 11.61 8.15 Oil & Gas Refining & Marketing
9 FTO 2.44 3.55 12.12 8.33 Oil & Gas Refining & Marketing
10 CLMT 1.60 1.70 13.18 12.42 Oil & Gas Refining & Marketing
11 INT 2.86 3.00 13.91 13.27 Oil & Gas Refining & Marketing
12 SUN 2.74 3.90 16.93 11.89 Oil & Gas Refining & Marketing
13 UGP 0.94 0.95 18.62 17.87 Oil & Gas Refining & Marketing
14 DK 0.71 1.06 19.04 12.75 Oil & Gas Refining & Marketing
15 EROC 0.36 0.50 28.97 20.84 Oil & Gas Refining & Marketing
16 SYNM 0.07 0.07 29.71 30.00 Oil & Gas Refining & Marketing
17 ALJ 0.40 1.87 35.50 7.60 Oil & Gas Refining & Marketing

Based upon high end estimates, VLO is trading 6x and WNR 7.5x 2012 estimates. That’s absolutely ludicrous for an industry that is enjoying extreme revenue and EPS growth. An argument could be made, due to the current WTI-Brent spread, the refiners have never been this attractive. Period. WNR trades to $25, or 10x 2012 estimates. Write.it.down.

In summary, I could never do what Cramer does, day in and day out. However, mark my words, I will eat his liver with my long bias versus his sell block bullshit, in the refiners.

[youtube:http://www.youtube.com/watch?v=E5GHn4EAR-g&playnext=1&list=PL9C849302F07CFF4E 616 500]

UPDATE: This guy gets it.

[docstoc docId=”75721668″ mId=”-10″ width=”595″ height=”550″ slideMode=”false” showRelatedDocs=”false” showOtherDocs=”false” allowdownload=”true” url=”http://www.docstoc.com/docs/75721668/WNR”]WNR[/docstoc] If you enjoy the content at iBankCoin, please follow us on Twitter

110 comments

  1. WTF

    No more explanations. It’s clear.

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    • ruggyup

      Right, no need to beat a dead horse or, a dead WNR. Either way, Cramer is irrelevant.

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      • A Monkey with a Refined Ass
        A Monkey with a Refined Ass

        WNR sucked today. Is this another VXX 😉

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        • The Fly

          BANNED

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          • CRONKITE

            to be fair he did say sell after earnings are released….on a pop scenario

            He is as you say in many regards and with those type of PEs & PEGs he is probably shaking the tree on some smaller floats to let the big boyz scoop them up for a few years hold.

            Gotta cheer lead or rattle the cage for his hedge fund buddies.

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        • russ

          More like an $FTK.

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  2. drummerboy

    HA HAH AHA AAHA AHAHAH AHAH AH A AHAHAHAHAHA

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  3. Pete

    Dec 14th 2010
    Cramer doesnt like MU, MU is trading @ $8.14 Gives impression to sell.

    February 8th 2011
    Cramer now loves MU, says it will go much, much higher. MU is trading @ $11.34.

    Nuff Said.

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    • Pete

      I dont think he is an idiot, but he is payed to give buy or sell calls all the time. Eventually he will be wrong, sometimes way wrong. Thats the problem with 24/7 Entertainment that is labeled news. He shouldnt be on TV as much as he is, but thats what hes payed for.

      Infotainment.

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  4. Belly of the Beast
    Belly of the Beast

    Don’t wanna burn my bridges, but it seems like their staff already poured the gasoline ……

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    • Belly of the Beast
      Belly of the Beast

      Tried to embed this Cramer parody, but Fly is wise to me already,

      Here’s the link:

      http://youtu.be/hkgZgNKV14U

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    • drummerboy

      aint no bridges bro. pickr is but a used tampon from a horses ass

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      • Belly of the Beast
        Belly of the Beast

        Hey Fly, any chance of bestowing embed powers upon us ?

        You could always cut us off if we misbehave.

        We could use it for charts, comedy and titties …..

        Noticed your second one didn’t work up top, either.

        An example:

        http://youtu.be/aMGu6457tFY

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      • Bullish

        When I read your posts I feel like my iq drops several points immediately. Do you even know what your point is? Is English your first language?

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        • go2mars

          “For hardwood floors, use NOFMA and NWFA accepted methods for sanding details. After sanding and screening, vacuum surface to remove dust. WARNING! If you scrape sand or remove old paint, you may release lead dust. LEAD IS TOXIC. EXPOSURE TO LEAD DUST CAN CAUSE SERIOUS ILLNESS, SUCH AS BRAIN DAMAGE”

          http://www.rustoleumibg.com/images/tds/CBG_ZIN_TDS_BE%20WaterBase%20Polyurethane.pdf

          Have a little love for a hardwood floor finishing guy. All of those sealant cans warn of brain damage. He was probably a genius in high-school. Plus, dumb as the remarks often are, they are well intentioned and sometimes funny.

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          • drummerboy

            lucky for you,cause you prolly never did an honest days work or hand a finished product to anyone before.your link means shit. read the label on the cheap paint you buy.NO PROFESSIONAL.EVER USES A RUSTOLEUM PRODUCT TO FINISH A FLOOR. thats what they put on their spray cans so idiots that put up meaningless links dont huff them selves to death for a cheap thrill.

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          • go2mars

            I had a couple painting businesses in the early university days, and did an 8 month stretch shingling houses at one point in time. I was always took the warnings on hardwood floor sealants seriously and never did those jobs because of the promise of brain damage on the labels of almost every hardwood floor product I came across.

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          • drummerboy

            this country wasnt built on being scared.my tutledge for doing that work was taught to me by masters, someone has to be able to reach the quality of floor finishing that is only excepted when the finished job looks like glass. i have been doing historic renovations in the frank loyd wright area more than i care to consider my friend, now pray tell, if youd like to match accomplishments that have advanced man forward i would be glad to engage. if you have ever opened a cheap brand of paint then you have exposed you self to noxious whatever. i can tell that hoe you defend what you read on a label of a can stops you from engaging in doing work. your a phoney and a wuss,i build , and am a journeyman in most facets of building a home, somebody has to do it,who the fuck are you knockin.

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  5. drummerboy

    hey cramer how about fitb, dont buy, dont buy. bot at 2.28, sold at 13 bucks. he still licks goat balls

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  6. TheMarketAce

    haha that Cramer picture is my StockTwits avatar. And yes, he is a fucking idiot.

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  7. Cramer

    I’m not a complete idiot, some parts are missing. As my partner at Goldman Sachs used to say: “A man profits more by the sight of an idiot than by the orations of the learned” Thus, you are welcome.

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  8. riggedgame

    Tiger Woods is SUCH an asshole! He needs Bubba Watson to pound
    the snot out of him.

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  9. flyaway18

    I like Cramer, always have.
    He posts disclaimers just like Fly does here,
    that didn’t stop some of you from following him into the VXX or TZA abyss.
    That’s the rub right there, FOLLOWING.

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    • jimmy_two_times
      jimmy_two_times

      True,

      however, Fly more than dug himself out of that murder hole … so best shut your cake hole

      had you followed Fly after the fact you would have made up for it

      at the end of the day you need to do your own research. Fly gives you the ideas and you have no one to blame but yourself if you go in blind.

      no black boxes .. you still need to F%*&ing work !!!

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  10. Bill Johnson

    Love Cramer, but he’s looking at the sector as a whole and doesn’t want to hurt his audience. The Fly is on point, and trust in WNR and VLO… trust the Fly, he will bring you to earnings bliss!

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  11. Sortofbannedfellowfrombklyn
    Sortofbannedfellowfrombklyn

    The rising right nut support and midterm uptrend per the a & a chart is still intact for wnr. No damage done.. other then for daytrading or day to day swinging…

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  12. HalfBloodPope

    Fly. Was that you calling in as “Andrew” from Illinois on “Mad Money” tonight asking about WNR? Laughing my ass off with the wife. I don’t think I need to tell you what his answer was.

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  13. Charlie Sheen

    Listen sports fans, Cramer was checked several years ago by someone and his record was…………average. He likes midcap stocks and during the 2004 – 2006 period, his picks approximately matched the midcap index. If he really was a genius stock picker, why would he seek employment on tv?

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  14. Wee-Bey

    I bet some hedge fund blew the fuck up today. Short oil finally had to capitulate, long refiners/drillers as hedge. Had to unwind everything with this oil move. Smacked the bright out their eyes.

    Humbly posting from a newbie who is long all energy down big today including town favorite WNR

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  15. dishobgyn

    one item of interest that has not been discussed is that VLO is the only oil refiner that is able to crack the heavy cruse, that is much cheaper than the WTI in north america, hence they are able to have higher margins. they just announced that they will start using their Cracking Unit in Texas.

    vagman

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  16. Geoduck

    TSO, refineries located on Pacific Rim,(Hawaii, Alaska, Washington, California) Japan curtailed, higher west coast gas prices. Curtailed unit just restarted.

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  17. Geoduck

    Morgan Stanley really has an analyst named Ben Hur???

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  18. HalfBloodPope

    The second Cramer hit the “Sell Sell Sell” button on WNR tonight is the second my penis officially uncircumcised itself and became a vagina.

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  19. Roughneck

    We Texans thank all of you Yankees for pouring money into our state. $4 / gallon gas is music to our ears.

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    • go2mars

      And to Alberta.

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    • ogma107

      Yeah, because the working schmohawks in Texas see a lot of the profits. Gotta love living in a place where the best years of your life are 16-18.

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  20. Trading Nymph

    Jim C, like this Nymph is learning as he goes along. I envy the fact that he had 30 plus years at this, heck I envy Fly’s Multi year experience too in a game I so love. Bottomline, I still think he has me listed as one of his TOP 25 friends on Facebook, he gave me my love for the game in 2007 and I learned a lot from him in, So I always have a special place in my heart for him, even though we are totally in disagreement of the market at this point.

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    • Geoduck

      Cramer seems to be turning bearish, citing high oil prices.

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      • Trading Nymph

        He does somewhat, but it was a down day in the Market on Friday. Higher Oil will just continue the move up in Container Rates, the New Comtex is about triple the rates from last year this time. BTW, the ships are charging more, but stacking the containers with more space between them, fwiw. That sort of seems like the theme of this entire market, less demand and higher prices….doesn’t make sense.

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  21. shipwrecked&alone
    shipwrecked&alone

    Cramer said crack spreads can’t stay at $20+ forever. That implies they will go back to $10. If they stop halfway, we are still right on WNR. Fly, I appreciate the MS report and the research. MRO might be my next buy. Whch refinery reports first? Their guidance will impact WNR. Guidance on the sustainability of the spread is critical.

    I want to go on record to say I own MPET in size.

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  22. Po Pimp

    Great post right up until the very end. Seriously, a report by Evan Calio? Agree that the refiners have probably never been better, but this guy is a complete Grade-A idiot. His IOC reports make for great humor.

    There must be something wrong with that research department in Morgan Stanley. They got Calio, Smitty (one of Analyst Bomber’s favorite targets), and “Analyst #3” all in the same shop.

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  23. Po Pimp

    Cramer also threw the oil services group under the bus earlier this week. That’s another call I really don’t get. Oil is screaming, international rig count is at all-time highs, N. America rig count is damn near all-time highs, Saudi Arabia is looking to increase rig count by 30% in the next 3Q’s or so, Iraq continues to ramp up, etc..

    Oh yeah, lots of those shitty contracts signed during times of duress back in 2008 are coming to expiration. OFS companies are going to get much better terms now. All these factors and oil services are actually trading at below normal valuations for this point in the cycle.

    1Q numbers could come in a little lower than original expectations due to floods in Australia and the Middle East unrest, but I think most of that is already baked in. I expect very good guidance from the Big Four during their 1Q calls. Long and big in SLB and BHI. Trimmed HAL to a smaller position because who knows what the fuck Obama and Salazar are going to do when the one-year anniversary of Macondo rolls around?

    Lastly, WFT can lick my nuts; bunch of incompetent crooks that they are.

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    • Braveflaps, Chief of Urology
      Braveflaps, Chief of Urology

      If they do lick your nuts, sir, I must confess that, from a medical standpoint, it is a relatively unconventional procedure.

      Indeud – it is truly hard out there for a pimp.

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  24. alphadawgg

    Solid post. You made your case. Not so sure if I’d go so far as calling him an idiot, except……..possibly in this interview with Erin, “revering The Bernank”, while wearing a pink shirt.

    http://www.youtube.com/watch?v=LRWO68cU8TQ

    Cramer is a fairly smart guy with lots of experience, but sometimes he gets it mightily wrong.

    …..But what’s up with Erin? Some days she looks like a semi-hot chick, and other days she looks like a rag. I don’t get that kind of inconsistency of presentation.

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  25. Canucks rule!

    Sir Fly,

    At least Cramer is smarter than Obama. I have never heard or seen such idiocy coming out of your White House, especially as it relates to U.S. energy policy with Canada. What is the man smoking?

    I mean, come on, the guy is clueless to the fact that Canada is not only “one of the largest oil exporters to the U.S.”, it is THE LARGEST oil exporter to the U.S., BY FAR!

    Then in a stroke of pure idiocy, he voices his reluctance the other day to building a much needed pipeline from northern Alberta down to Cushing, because of “environmental questions”. Whaaa???? Hello? Wouldn’t a project of that magnitude end up creating tons of jobs for Americans? But no, he’d rather build a questionable high speed railway from NYC to DC, and invest in “green jobs”. Where, pray tell, are your “green jobs” after two years of good intentions?

    Cramer isn’t the idiot. Obama is the idiot. Get it right, sir!

    I am beginning to think Obama actually wants the U.S. to go down the tubes, so he can bring about his own ideological version of “change”.

    I pity you poor fools for electing such a foolish and ill-suited candidate for the President of the United States. Now THAT is EGREGIOUS….and idiotic.

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    • Geoduck

      There’s more votes from citi-fied environmentalists than roughnecks. Living in a concrete box teaches one much about the environment.

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    • ecchymosis

      Can’t they BOTH be idiots??

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      • drummerboy

        hey canuck, when you lie to the point where you give indication to the poor and helpless, that if they vote for him, that there would be some kind of remuneration for doing so. will insure that these people who,as a statistic, dont usually vote.if obama wasnt black,the 80% of blacks that never vote,wouldnt have come out to vote,,, so,does voting for anyone in your country really mean anything, after all,you guys are the model for socialized everything,like,didnt a pack of smokes cost 10 bucks 25 years ago………

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        • go2mars

          Canada has no fiscally conservative options to vote for. But it seems that the same is true in the US. When we go to vote, it’s more of a choosing who will ass-rape you… The drunk violent guy (liberals or NDP), or the asian with a tube of lube (“conservatives”). They all want to enslave our children through debt. Just one of the parties represents “a little less debt enslavement”.

          One of the primary differences is American debt-load per capita vs. Canadian, but when the USD dies, Canada will be in just as much trouble. Almost all of our small reserves are in USD and Euros instead of precious metals.

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          • go2mars

            In fact, the Canadian federal government owns about a beach-ball sized volume of gold. Rediculous!

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  26. The Fly

    Vlo reports first

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  27. checklist

    what i hope to gain from frequenting the IBC blogs is to catch some of that competitive spirit, with respect to the markets. I just don’t feel it, hardly ever. starting at a computer and analyzing things just isn’t that raw adrenaline rush of standing on a pile of dirt with a ball of tightly woven yarn in your hand 60.5′ from a guy with a large metal stick in his hands. racked with adrenaline, and throwing that stupid pointless little yarn ball as hard as you possibly can, and then screaming as loud as you can, at him, as his face sinks into dissapointment. but you know what? fuck him, he shouldn’t have been there if he couldn’t live with it. and he wouldn’t have apologized if that yarn wad had gone flying into left field.

    i can’t find that feeling in the markets, at least not since july 15th, 2009, when I was sitting in the miami airport, drinking redbulls like they were glasses of water to a tired solider in the desert, watching the market rapm on INTCs big beat and bullish comments, watching my shares, newly bought the day before, of GCI, LEE ,and MNI ramp like it was the last day cocaine would ever be offered on the streets of manhattan.

    Thats what I hope to find somehow, that feeling of competition and winning. I want to release a threatening roar and throw things out of my window at passers-by, after watching the markets.

    But… somehow I am failing to find that competitive thrill here on “wall street”.

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    • WTF

      Well, probably you should play with Shanghai Composite. That’d give you all the thrills you’re looking for.

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      • checklist

        Haha, haegamblin but…

        Some major coin may be banked by those who get that situation right

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    • Braveflaps, Career Counsellor At Large
      Braveflaps, Career Counsellor At Large

      For competitive thrills, have you tried the ultimate game in “Durka-durkastan”?

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    • riggedgame

      Baseball bats are wood, for those who can play baseball.

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    • drummerboy

      get your ass inside the ppt,you wont be singing ” the thrill is gone” after a while.every day is exciting, it gets better as you hone the craft

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  28. checklist

    that is my great dissapointment with the society that hosts my life. adulthood just doesn’t offer competition.

    the pain of failing, and the thrill of winning, are really the only two things, besides cars and (in a completely polarly different way) parenthood, that I have ever truly loved.

    I bet my entire net worth, plus several thousand naked puts on GE and SPY, long in early 2009. Thats good.
    But here’s what sucks: who lost? Where are they? Where is that anguished look of defeat on Peter Schiffs face, on Roubinis, on all of the bullshit braindead bearfucking seeking alpha commentors from early 09.

    I can’t see it. I can remember the face of that kid, on the day that my bullshit little buttfucking clown raped farm town, who only had 8 kids to put on the field ,played my states all stars in some kind of scrimmage game. And my acne faced pointless nobody little self threw a no hitter. I remember the face of the #3 hitter, as he swung at a fastball that tailed in, missing his face by 6″. It was unhittable, it wasn’t even close to the plate, but he swung before it started tailing.

    I remember, vividly, the disbelief. This bullshit 125 pound 15 year old kid just struck me out? Again. I remember him looking into the stands at his dad, who was not impressed. And I remember thinking fuck you old man, your kid just got “clown raped”, “full retard style”.

    I saw the face tonight of – and I am 35 and going bald, i am by fucking far not the handsomest guy int he room these days – all the 25 year old studs hitting on my girlfriend tonight, while I sat and chatted with my buddy zeke. I saw their faces when closing time came and she just walked over and we left. Fuck them.

    But nobody loses if I win in this game, I mean I’m not completely stupid, I know someone was dumb enough to buy thousands and thousands of puts on GE at $5 in late February 2009.

    But where is he? I want him to come, right now, and I want him to look at my $12k pool table, upon which my laptop sits as I type this, and I want him to know he paid for it, by being a dumb fuck.

    Not, mind you, because I am vindictive or even unkind, I would say that I am an extremely nice guy, almost to the point of being boring. But this is life, we are animals. And when one lion wins, another limps away broken and wrecked. And sometimes, the broken limping animal is me, when I fail, and someone else wins. Someone short sold me half a million bucks worth of IRE shars last april, and he won, and he did a shitload of cocaine and boned 25 hookers somewhere in Manhattan.

    And that is ok. But I was robbed of that pain of defeat, of looking at someone who just beat me and seeing him gloat, and becoming extremely angry, and vowing to one day eat his heart as his mother cries. Of getting that boost, of pacing a floor for 50 straight nights angry and motivated.

    And I don’t get to see those asshats at seeking alpha cry, as their dumbassness and crybaby bearishness became my fortune.

    Somehow, I am failing to find those thrills in this stock market game. Which is extremely not awesome and amazing, and in fact it is upsetting to me. I need to re-frame this into a kid, 2 year older than me, probably from a rich family, probably getting his weenie wetted every night for beign some big baseball stud in his town, crying as he walks away from home plate. Beaten by a team with 8 kids, 2 outfielders, both of who were 12. Having to sit up all night and think why? Why? WHHHHYYYY did I swing at a pitch that almost hit me in the face.

    no, instead of the thrill of winning or losing, I get to sit on my couch and think “ok, check, with this IRE situation you failed because blah blah blah” and analyze it, like some guy in an office.

    I need to re-frame this game into something fun.

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    • Po Pimp

      Easy solution to your woes. It’s called roulette stock buying.

      Log in to your account, fire up the trade screen, type in 3 or 4 random letters then hit the ‘buy’ button for the full value of your account.

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    • theedge111

      A perfect example of why the rally is nearing an end.

      How many people are asking themselves the same thing after a 100% rally during which our country went bankrupt?

      Claiming victory after the Fed destroyed this country via the printing press is amusing to me. I would love to hear how these “winners” did in 2008 and 1999-2002. Stocks have sucked ass(-20% on the S&P) for over a decade and we have STILL not fixed our problems.

      Our currency and bonds are starting to fail as the Fed tries to hide the mistakes that have been made over the last decade. The little black boxes on Wall St love to ignore debt problems and take stocks higher.

      I guess the lessons of 2008 were never learned. Soaring oil prices will surely remind us of the error of our ways.

      It’s a frustrating time to be investing. I sit in metals and make nice coin but now what? There is nowhere to hide and I see very little hope for the future in equities and bonds. Looking to the short side as the rally exhausts itself but leery of doing so because of our currency situation.

      TOugh times.

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      • checklist

        You, sitting in metals and enjoying a niceprofit today ARE the tech investor in 199x.

        The question is what # is that x?

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      • Green Machine

        Not tough times at all compared to a year ago. What’s tough for everyone to figure out is now that we’re up, where are we going next? We’re only just touching where we used to be 2 years ago. Of course shit has grown since then; has it been factored into the market yet?
        I am long banks – CDN banks, but watching the U.S. banks closely for that moment. They’ll have to bounce sometime soon if this recovery is real. If not, then we’re all fucked.

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    • A Monkey with a Refined Bean Ass
      A Monkey with a Refined Bean Ass

      too many words……

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    • Geoduck

      People give me shit when I talk about high school football.

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    • ecchymosis

      Fly – make this man a Tabbed Blogger!

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    • The Fly

      Awesome comment. I enjoyed it a great deal

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    • drummerboy

      i did that a while back,all i ever did was options,wanted nothing to do with being long,or own a stock,now i stay away from them like the plague. the first time in 2 years,this january i put a couple of contracts on,the thrill was totally gone.just another tool in the box for me. just not my meat and potatoes’ interest anymore.

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    • alphadawgg

      Looks like you might need to get yourself a .300 Win Magnum rifle, and book a guided brown bear hunt in Alaska. you will never feel more alive, the areneline will never pump so hard. and you will never be the same again once you coonect with your primal self, as you compete for life against creatures that will kill you if you don’t kill them. Its the ultimate game of survival…..or you could join the Army Rangers and volunteer for Afghanistan.

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  29. ogma107

    For those of us who enjoy the finer things in life, locking up a 5% profit in an oil refiner is not an attractive proposition. After two days of ticking down, Cramer is telling the minions to sell, sell, sell in peak refinery season. All it will do is create the opening for the institutional buyers to jump in before earnings and ride the wave. Remember the ridiculously low institutional ownership for WNR? Everyone loves a WNR.

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    • drummerboy

      if he tells enough of his followers to dump,then he’ll think he has the power to bring the price down,problem is,will they do it?

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  30. Geoduck

    Cramer pumps usually fade in 1.5 days.

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    • why

      look at 07-08 oil boom time, refiner dropped off the cliff. Why should this time be different?

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      • drummerboy

        it’s not different,the more that can be attracted to the light, the more that can be killed.

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      • Geoduck

        Economy tanking in 08; economy recovering now. Demand for fuels should remain strong.

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        • go2mars

          Economy recoverying now? By what measure? There are 45 million Americans in soup lines (food stamps).

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        • why

          pls look at oil price from 07-08 1st half year, then comparing with WNR price accordingly before you make comments.
          Oil went to the roof during that 1.5 year before collapse but WNR tanks way before the oil peak.

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  31. Rand

    Frightening!
    When did the support group for Ibankcoin go AWOL?????
    Since I cannot see your reply any longer, it would be great if you get someone else to do the support.
    Still can read blogs however.

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  32. razorsedge

    wow, u guys got me stright trippin,,boo,,,like all the banter,,,i just hope cramer doesnt mention stocks i have good or bad,,,

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  33. hahaha

    I SEE WINSHIP COMING

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  34. Frog in Dynamite Stick Car with Lit Candles
    Frog in Dynamite Stick Car with Lit Candles

    Alpha Dog at 9:22 p.m. April 9, you gave a good reply to Checklist. There are some things that the stock market can do for you and some things it can’t. The guided brown bear hunt in Alaska might do the things Checklist is looking for.

    Some folks claim that investing/trading– when done efficiently– is boring, and that it sends one on brown bear hunts, or such places, to experience the non-boring aspects of life. And others get some thrills out of it somehow, even while being efficient rather than being gamblers.

    But most ways of making a living seem to be boring to the people who do them. Those who seek excitement are more likely to find it in their leisure time.

    Theedge111, you have a good point too. Maybe those who are longing for excitement and challenge might rise to the challenge of trying to figure out the problems of our “tribe” here in the U.S. (or in whatever country they are in, or for those really looking for a challenge, the whole world economy.) Maybe someone can figure out how the U.S. can avoid bankruptcy, the total destruction of our currency, and descent into being a 3rd world country. If that happens, we are going to see a lot of anguished faces. But I don’t know if there will be any gloating winners.

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  35. Frog in Dynamite Stick Car with Lit Candles
    Frog in Dynamite Stick Car with Lit Candles

    I have been told by someone in the business that a lot of professional traders are coke heads– trying to get excitement. And then lots of people get their adrenalin up over politics– although no one ever wins there really, because if the people you voted for are elected, they usually break all their promises and do not do what you elected them to do. Not very satisfying to most folks in the long run.

    I think, Alpha Dog, you are right. What our bodies are designed to do is what our ancestors did– is to get our needs for excitement, challenge, and competition met by hunting. It’s just that it doesn’t fit in that well in our modern society. It certainly is not the full time job of very many people.

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  36. JohnGiner

    I believe we are right upon a bear market, but there are a few very bullish energy stocks like SYMX. SYMX just announced they would get $80 million in financing to build gasification plants in China. Ever since the announcement, the stock has been on a tear. One stipulation of the Chinese investors is that they cant cash out of the stock until it hits $8…the price of the stock is right in the 3s right now. Before the deal, they were trading in the 1s, but with this new investment I am betting they will get to at least 6…

    Here is a interview with the CEO of the company that was done in December.

    http://www.ceocfointerviews.com/interviews/SYMX-SynthesisEnergy10.htm

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  37. Carsony

    Check out this video on YouTube:

    http://www.youtube.com/watch?v=OiKFCzMxJik&feature=youtube_gdata_player

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  38. Trading Nymph

    China Trade Data Came out, Trade Balance was a 6 year low for them, they are too busy buying Our and Europe Junk…and Copper numbers posted, MoM Month over Month is up, but Feb was New Years Eve, but DOWN 33% from last year…Do the Bulls still have hope for a Spring Pick up? We will see. http://www.bloomberg.com/news/2011-04-10/copper-imports-by-china-jump-29-in-march-from-lowest-in-more-than-2-years.html

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  39. Slim Shady

    Who’s the idiot now? Those stocks tanked by 30% or more.

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  40. National RV

    I am truly loving the theme/design of your web web site. Do you ever run into any browser compatibility issues? A few of my weblog readers have complained about my site not working appropriately in Explorer but looks excellent in Chrome. Do you’ve got any tips to assist fix this issue? This data is magnificent.

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