This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Jim Cramer's Best Blogs

NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:

  • understanding speculative stock picks; and
  • how to view recent news about Celgene.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.


On Speculating Properly

Posted at 2:27 p.m. EDT on Thursday, June 21

When you speculate, you are going to lose some money -- fact of life. It's just what happens.

The concept is alien to many people who speculate, though, and some do nothing but speculation. Unlike most others who talk and write about stocks, I have been adamant that speculation can be part of anyone's portfolio. I think it should be a part of it if you want to stay engaged.

But it can't be your portfolio.

Right now I am taking heat on four different speculative situations that have not panned out: Heckmann (HEK), Key Energy (KEG), Magnum Hunter (MHR) and SandRidge Energy (SD). People want to know why I have abandoned them, or why don't I buy them for my charitable trust, or why can't I push them on my venues.

> > Bull or Bear? Vote in Our Poll

To all of these questions I say: These stocks are all calls on oil and gas. They are options on crude going higher. They are the most leveraged way to play the complex. If oil and natural gas go higher, these stocks soar. If it goes lower, they get crushed.

Oil's gone lower, alright -- much further than anyone I know thought could happen, and much further that I thought it could go. I figured it would stop at $80 to $85. I didn't see the collapse of all commodities coming because I kept hearing supply was tight for oil, and that China was a voracious user and that, as a result, oil had to go higher -- endlessly higher.

I believed it could come down partly because the Saudis don't want it to be as high as it was, as that encourages both alternative energy and drilling in the U.S.

Magnum Hunter and Sandridge aren't just calls on oil and gas. They are leveraged calls with gigantic drilling budgets, relative to their size, and each company has a desire to get big fast.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
DOW 16,514.37 +65.12 0.40%
S&P 500 1,879.55 +7.66 0.41%
NASDAQ 4,161.4580 +39.9120 0.97%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs