Cramer’s Mad Money Daily Recap 2/24/06
February 24th, 2006 / 10:50 pm / by CramersMadMoney.com
We have done our best to record the calls for you, but remember that the show is fast moving, and sometimes Cramer bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, creepy house of pain voice, machine gun, fanfare, toilet flush, all aboard, applause, cash register, bear growl, bowling pins, and submarine diving alarm buttons all at once, while he is screaming.
Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the show, where his comments about the stocks often include advice about entry and exit points.
Today’s TV show was a repeat of the show that ran October 4, 2005.
Cramer’s Stock School
Below are some of the points Cramer talked about:
- hold between 5 and 10 stocks and do one hour a week of “homework” or “research”
- listen to conference calls or read the transcripts of those calls
- research the company you are interested in by looking at their filings at http://www.sec.gov
- don’t trade unless you know your entry price, exit price, catalyst and time frame
- stay diversified - don’t hold more than 20% in any single sector
- don’t let a trade turn into an investment
- when you make a little money with a stock, sell some of it. Eventually, you will be playing with the “house’s money”
- admit to yourself when you are wrong, cut your losses and get out of the trade
- read analyst reports about the companies you are watching
- learn exactly how the company you are trading or investing in actually makes money so that when conditions change in that sector you will know how your holding will be affected
Bullish
Chicos (CHS) (guest how Aaron Task) ))))
Google (GOOG) (guest how Aaron Task) ))))
Zumiez (ZUMZ) (guest how Aaron Task) ))))
Bearish
Research in Motion (RIMM) (guest how Aaron Task) ))))
All stocks called during Lightning Round on Mad Money TV show except:
* discussed on the Mad Money TV show
)))) discussed on the RealMoney Radio show
Having trouble writing down all of Cramer’s picks?
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