Jan 26 2007
Cramer Mad on Best Buy Co. Inc. (BBY)
Jim Cramer has continually recommended buying BBY despite how it’s stock is doing. Since November 21st, the stock is down 10%. However, during this time, Cramer has recommended the stock on his Mad Money lightning round four times: Nov. 21, Dec. 20, Jan. 11, and Jan. 19. He has also recommended it on other segments of his Mad Money show, as well as on other shows several times in between.
I bought this stock at 55.18, at just under its 52 week high. Since then, it has dropped like a rock and is one of the worst performing stocks in my portfolio. I like the company, I like their products, but I alone don’t get to decide how well a stock does, and neither does Cramer. It’s time to unload BBY and tuck your tail between your legs.
Sell, sell, sell!!!
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