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Message from discussion I Can't Even Begin to Beleive Cramer
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jared  
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 More options Feb 7 2007, 6:06 pm
From: "jared" <ja...@jaredblack.com>
Date: Wed, 07 Feb 2007 15:06:35 -0800
Local: Wed, Feb 7 2007 6:06 pm
Subject: Re: I Can't Even Begin to Beleive Cramer
You know, I have taken Cramer's advice with a grain of salt, always
researching his suggestions, and sometimes I agree with him.  When I
do, I buy the stock.  Most of the time I don't agree with him, but
when I do, I figure it's a winner.  I have done pretty well with this
philosophy.

But Google?  You know, over the last 6 months, Cramer has been so
bullish on Google, he even said something along the lines of Google
being the 1 stock that you HAVE to be in.  Then, they deliver earnings
on Jan. 31, and all of the sudden, Cramer comes out and says "Here we
have a decelerating growth story."

Okay, so my question is shouldn't a guy who has been in the market as
long as he has have known that growth was going to decelerate???
Obviously, consistent 90+ % growth is not sustainable by anyone.  Yet,
he had people buying into Google like it was going to, I think his
last price target was $750, right?

Now I didn't lose $$ on Google, but I know a lot of people who did,
and I think this is a good example of when to/not to take advice from
anyone, even if they are an "expert" without considering all factors.


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