Friday, May 19, 2006
Real Money Blog
Burned Up About Natural Gas
05/19/2006 3:37 PM
In this article, Cramer believes investors are wrong, selling off HAL, NOV and NBR-- due to weakening natural gas prices.
Cramer exclaims: "Boy, I have to tell you, there has to be something nutty about a market that says that natural gas is 1. never going to go up and 2. believes that every oil drilling company is uniquely levered only to natural gas. "
Also, Cramer cites how one event ( hot summer, hurricane) can wipe out all of the natural gas we have stored.
In short, he thinks natural gas has bottomed and the time to be a bear on natural gas was $15, not $5.
He sums it up: " it will come back, and when it does, you will wish that you had been buying Nabors or National Oil or Halliburton."
Market Doesn't Deserve Trust Yet
05/19/2006 3:07 PM
In this article, Cramer warns his readers not to get overly aggressive on a bounce. He cites recent gains in MRVL, and AMD and questions whether to trust these stocks to continue going up.
He exclaims: "One of the most treacherous things about a market like this is, when it turns, it looks like a million bucks all of a sudden. It isn't. Don't get confident. It won't pay off."
05/19/2006 3:37 PM
In this article, Cramer believes investors are wrong, selling off HAL, NOV and NBR-- due to weakening natural gas prices.
Cramer exclaims: "Boy, I have to tell you, there has to be something nutty about a market that says that natural gas is 1. never going to go up and 2. believes that every oil drilling company is uniquely levered only to natural gas. "
Also, Cramer cites how one event ( hot summer, hurricane) can wipe out all of the natural gas we have stored.
In short, he thinks natural gas has bottomed and the time to be a bear on natural gas was $15, not $5.
He sums it up: " it will come back, and when it does, you will wish that you had been buying Nabors or National Oil or Halliburton."
Market Doesn't Deserve Trust Yet
05/19/2006 3:07 PM
In this article, Cramer warns his readers not to get overly aggressive on a bounce. He cites recent gains in MRVL, and AMD and questions whether to trust these stocks to continue going up.
He exclaims: "One of the most treacherous things about a market like this is, when it turns, it looks like a million bucks all of a sudden. It isn't. Don't get confident. It won't pay off."
