Stock Tickers: GS, RAD, BBI, EBAY, STZ
Cramer featured another SELL BLOCK on CNBC tonight. Here is where he reviews some of his past buy stocks and says to take profits or apologizes for being wrong. Tonight wasn’t a normal SELL BLOCK: He says keep some and only take some money off the table on some.
His first stock is Goldman Sachs (GS), and he’s made a lot on it. Even though he is way up and close to his first target of $225 and now at $213 he said he is NOT SELLING. Earlier today he noted $300 as the target. He thinks the $15 per share earnings is too low and it could hit $25 per share this year.
On Blockbuster (BBI) and up 48% and Rite-Aid (RAD) up 45% from his original picks, Cramer said you can sell some but not all. The RAD call is part of his favorite speculative stocks for 2007.
eBay (EBAY) is up big since his December recommendation and he’s scared to do freesh money and take part of it off the table.
He also said he should eat crow on Constellation (STZ) was his call at $27 because of red wine, he said it’s a Triple Sell because he got it so wrong. Here was his thesis in November, it seemed odd but it’s a Cramer pick.
Jon C. Ogg
January 25, 2007
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