Question on Stockpickr : "Jim Cramer, I am a big fan and have faith in you and your picks. However, you must admit NYX and LVLT are dogs! They are your stocks of the year and most stocks are up 10 to 20 percent on the year. What is it going to take for NYX to turn around? It seems any news is bad news! Look at my portfolio, I am up nicely on the year except for you guessed it NYX! I feel like a sheep being lead to the slaughterhouse with this stock! What do you think their earnings will be on AUG 2nd? Most are calling for .63/share. I still feel like this stock can take off anytime, however I am losing hope day after day, dollar after dollar. Help!!!!"
Answer from Jim Cramer : "People should understand something. many many people since i started this public portfolio have BEGGED me to declare defeat on stocks.. I declared defeat three times when faced with this pressure last year: ALCAN, BOL, and IR. each time the stock went down a point or two after i declared defeat. Then they went up from 100 to 50%. If people think i am going to declare defeat when i think that the NYX can go to $72-75 where i believe it will be a gift they are sorely mistaken. I can't sell and buy back for AAPLUS but when i write that it is going lower --and i write it ten times--what's the takeaway--that it is going higher? That the hectoring alleged fans who want me to declare
defeat are going to be happy? If i read this column in the last month or two i would say "cramer hates NYX for now, but will buy it when it goes lower." How can i be more clear? Do people want me to say "I am an idiot?" Why? Because i said a stock i like is going down??
Pretty gutsy if you ask me....SHORT IT FOR HEAVEN"S SAKES"
NYX is at $75. Maybe now it's time to pull the trigger? I love stockpickr's active community. Here is the the rest of everyone's comments - Stockpickr Answers Link.
$75.6 (06/25/07)
