Cramer’s Mad Money Daily Recap 6/26/06
June 27th, 2006 / 12:47 pm / by CramersMadMoney.com
We have done our best to record Jim Cramer’s calls on his Mad Money CNBC show for you, but remember that Cramer often bangs on the sell! sell! sell!, bull roar, train wreck, suicide jump, hallelujah chorus, backing up truck, machine gun, fanfare, 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 many of the comments about the stocks offer advice about entry and exit points.
Cramer’s Stock School
Cramer’s Mad Money today was a repeat of a show first broadcast on October 4, 2005 that explained to viewers some rules for investing and trading successfully.
- 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 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
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