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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Stop the Linsanity: Buy MSG Stock Now

NEW YORK (TheStreet) -- I remember when Howard Stern yelped on his radio show about not taking a "f---ing pay cut" from Sirius XM (SIRI) during his contract renegotiation.

That head-fake had "buying opportunity" written all over it. I immediately went long and made a few pennies off of SIRI.

Almost every time I see the blurb: "BTIG Media's Richard Greenfield out with a cautious mention on" Pandora (P), I add several shares to my long position on the ensuing, but usually temporary, weakness.

If you pay attention, you can make these educated, qualitative guesses and potentially set yourself up to do well on both short- and long-term trades.

If you have a history of listening to Stern, you knew full well that his comments meant one thing and one thing only: A new deal was only days away. Buy the misguided and hysterical weakness.

If you keep track of Pandora and Greenfield, you understand that, for some unknown reason, the BTIG analyst appears to have the type of dislike for Pandora that renders his opinion on the stock useless. He has become the Wall Street analyst who cried wolf.

Along similar lines, it's often profitable to keep your eyes open for mass emotional reactions and irrationality by investors and traders. In other words, be on the lookout for people who dump stock when Stern does what amounts to a "bit" and Greenfield provides his latest specimen of hack analysis.

Consider Madison Square Garden (MSG) stock, particularly the way it has moved to the beat of Jeremy Lin.

Short story, even shorter: Lin went on a run for the MSG-owned New York Knicks that excited sports fans. That propelled the stock. Of course, if you were smart, you rode this wave. The catch here, though, is that you were buying a solid company; MSG should have been rising with or without what New Yorkers dubbed "Linsanity."

However, investors absolutely should not be selling off MSG stock because Lin decided to sign with the Houston Rockets over the Knickerbockers. As of Thursday's close, MSG has taken a considerable tumble from its recent 52-week high. MSG ChartMSG data by YCharts

Stock quotes in this article: MSG, SIRI, P, BCE, RCI 

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs