GOOD MORNING TO ME! Cramer Says Most Missed SGP. Then Why Was I Short From 1/14/2008…

March 31, 2008

….for a now 42% gain in a little over two months? I will tell you why…THE CHART!!!

For those that are RealMoney subscribers and read my columns on Monday, Wednesday, and Friday, you were not surprised by this as I have shown you before by being long IMA for a 100% gain and then getting you out of IMA before swooning 50%.

During that time Cramer was telling you to buy.

Now we have my column from 2/1/2008 (please re-read this column, if you have time):

Schering-Plough (SGP - commentary - Cramer’s Take) broke down on very strong volume back in October, and since then, it has been nothing but hard selling. On Jan. 11, SGP failed right at the 50-day moving average, and shortly after was breaking down on huge distribution. If the trend is your friend, then this stock is your enemy.

So tonight when you hear Cramer say that EVERYONE missed it. Remember, just like IMA, when he was telling you to buy, I was telling you to short.

My 42% profit in SGP in 2 1/2 months proves that the trend is your friend.

C, IMA, SGP, NYX, etc….You name it, if Cramer is long it and the trend is down, GET OUT NOW!

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