Cramer makes me nuts sometimes
In this video, 9 days ago, he quotes the Fibonaci Queen, and says to Sell Apple and Buy IBM. So the next day I do just that. Sell Apple at 600 and buy IBM options.
http://www.fibonacciqueen.com/publi...d-on-Mad-Money-with-Jim-Cramer-Avoid-AAPL.cfm
Now, Apple is up to 635 and IBM kept going down $2. Brilliant!
Less than 45% accuracy....you would be better off flipping a coin. Just goes to show...given enough occurrences directional picks start to wrap around the 50% mark.
http://caps.fool.com/player/trackjimcramer.aspxI stopped watching Cramer years ago. If you must watch him though, it should be for entertainment, not real stock picks.
Haha. I don't know about the Fibonacci queen, but this buying frenzy in Apple is ridiculous. I hope these fools on twitter keep buying, so they'll learn a valuable lesson.