Jim Cramer, Foster Wheeler, Schering Plough, and Loads of BS
BackIMPORTANT NOTE READ THIS: In this video, I discuss Jim's picks of FWLT since late last year (2007). The prices I used in my video were derived from TheStreet.com. However, after I went back and checked the charts later, I found that FWLT split (2 for 1) since his picks in late 2007. Therefore, the losses on those picks would be HALF what TheStreet.com's site reports. The losses would be around $19 per share since late 2007, not the $74 I originally figured based on TheStreet.com's site. That $19 loss would be if you bought based on Jim's calls at the SPLIT ADJUSTED PRICE AVERAGES. Even though my numbers in the video come from TheStreet.com, and, are INCORRECT - as I state here, and, will announce in my next video - that $19 average loss per share is still unacceptable. If, however, you think $19 losses on $70 average positions is acceptable, well, then you truly are a Cramerican.
Category: News
Uploaded: May 8th, 2008 @ 5:20 am
Author: donharrold
Length: 09:58
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Views: 5,016
Tags: bartiromo booyah cnbc cramer don foster fwlt harrold jim mad money plough ratigan rick santelli schering sgp wheeler
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