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Circuit City flip flops on MAD Magazine

You might think that corporate train wreck Circuit City (NYSE: CC) would have a lot of things to worry about -- like, oh, I don't know, the fact that it lost $165 million last quarter. Or the stock price, which has gone from $30 to $2 in less than three years. And with fellow wreck Blockbuster (NYSE: BBI) having withdrawn its proposal to acquire the company, Circuit City is even out of the running for the prestigious Stupidest Merger in History That Doesn't Involve the Company Which Owns This Website Award.

You might think that Circuit City management has plenty to keep it busy, but you'd be wrong. Circuit City banned its stores from selling an issue of MAD Magazine that made fun of the company, referring to it as "Sucker City." Hah.

But yesterday the company reversed course and allowed the magazines to be sold, with a PR spokesman blaming "some overly sensitive souls at our corporate headquarters" --

Continue reading Circuit City flip flops on MAD Magazine

Is Jim Cramer the anointed king of pump and dump?

I may have mentioned previously that for some odd reason I often have the very daunting privilege of entertaining some deeply intriguing questions. The query put to me today was issued in form similar to this:

If I could virtually guarantee you that by following my instructions on when to buy and sell stocks you would reap a profit at least 70% of the time, would you listen to my instructions and follow them? The only catch is you have to be the first one to take action based on my advice.

This question was brought up in reference to Jim Cramer and the tone of the question was not nice. It was implied that something less than honorable might be taking place behind the scenes. I stand in Jim Cramer's defense (as if it's even required).

Although at times he annoys me with his on screen antics, I have never had cause to believe that Jim Cramer's prognostications encompassed anything less than good, solid business analysis, thorough historical trending and conservative (although sometimes very wrong) performance projections. I have never known Mr.Cramer to lie about anything and he backs up every claim he makes with experience and facts.

Continue reading Is Jim Cramer the anointed king of pump and dump?

Cramer: Democrats have you down? Buy Google and Apple

Tired of hearing about the elections yet? Not Jim Cramer. Tonight on his MAD MONEY show on CNBC, he decided to point out some ways the elections could make you money.

Boy, this sounds like 'deja vu' all over again.

Cramer said that, while corporations may have lost some of their stranglehold over the government, the markets rallied anyway. This, he explained, was the market "getting past the event." Cramer said that gridlock has been good for the economy but you can't like the market quite as much as you did yesterday. Why are you unable to like the market, you ask? According to Cramer, it's because the Democrats care more for the interests of consumers than those of corporate shareholders. If you're going to quantify this, just subtract one multiple point off your stock's P/E ratio. BUT....Cramer says you have to stay in the market and don't be put off on the headlines.

Cramer said the Dem's won't have the power to do much besides making the companies look like they are less of a corporatocracy (my word not his). Cramer said that even Waxman shouldn't keep you away from stocks. Cramer says you do have to pay attention to Washington, but he thinks Pelosi won't stop Google Inc. (NASDAQ:GOOG) from earning $15.00 next year. He also said to stop bashing Halliburton Company (NYSE:HAL) because it is done going down. He thinks the Democrats won't touch the credit card companies because deadbeats don't have lobbyists. Cramer still likes MasterCard Incorporated (NYSE:MA) and says that Fannie Mae (NYSE:FNM) will win. Cramer still thinks Apple Computer, Inc. (NASDAQ:AAPL) is going to $100 by year end and he thinks Cisco Systems, Inc. (NASDAQ:CSCO) is still good to be in with it up huge after the report. In a call-in Cramer said to keep the ExxonMobil Corporation (NYSE:XOM) and not sell it.

Symbol Lookup
IndexesChangePrice
DJIA+44.2910,291.26
NASDAQ+15.822,166.90
S&P 500+5.501,098.51

Last updated: November 12, 2009: 12:06 AM

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