Well, Cramer proved, brilliantly, that he is a contrarian indicator, at least for tech. I already posted about it here. Stocks mentioned there were: Intuitive Surgical, Apple Computers and Google. And what do we have now? All three were recommended by Jim some 40-80 points later.
I have one more candidate: Brookfield Asset Management (BAM). Jim stopped recommending it couple weeks ago. Coincidentally, stock had third bottom several days later and last week broke through 50-day moving average. Not complete technical bullish indicator, because break happened on average volume, we need increased one for perfection. But we also have a fundamental change: company announced a huge buyback program. Looks like stock is ready to change direction now. We'll see.
Full disclosure: at the time of publication author had long positions in GOOG, AAPL, ISRG and BAM. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
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