Bjerknes

"Top Economist"
Mar 16, 2004
116,266
Yeah I watch Fast Money then get the shower, I come back and the monkey is smashing cups and praising Mike Hackabee.
It was great hearing what this one trader did. After Cramer implores people to buy a stock on his show, you sometimes see a volume spike for the stock and then some upside movement to the price action after hours or during the first couple hours of trading the next day. Seeing this, and depending on the stock and market situation, the guy would short the same stock as price correction took place after the sudden wave of buying, thus making a profit unless the stop loss point was hit.

Now that's a good trading strategy, and I'm sure other hedge funds did that sort of thing as well. :D Poor market suckers getting screwed by Cramer over and over. Although perhaps that scheme has died down now.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,266
Well, I'm not so worried about the trading project. Apparently some people are getting close to losing all their starting capital in the market, so I'm well above those fookers. I'm trying to make a profit.
 

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