This column was originally published on RealMoney on July 27 at 12:58 p.m. EDT.
Traders, when you trade
, chill out before you pull the trigger. Take a deep breath. Heck, take some Xanax, that's got anti-panic applications.
Here's the drill.
Last night, Electronic Arts was due to report. I don't know a soul who believed it would be a good number or a soul who believed that guidance would do anything but go down big. This was not, by the way,
, where we all knew last quarter. There was simply no way, given the shipping schedule, that EA could do the quarter or the year.
Yet, when it reported the disappointing number and the lowered guidance, there was a mass freakout, a total panic, one that took the stock down to the mid-$50s, for heaven's sake. That's just stupid, that's terrible trading. That's uninformed people getting slaughtered.
Today it's right back, probably will finish up on the session. It's a reminder to me how few people are still doing
homework. If you had read any notes or talked to anyone who followed this stock, it was right on script.
If you are going to trade these big mutual-fund stocks, get your metrics right. Know what to look for. And if you get it, don't panic and sell. And don't panic and buy. Wait.
And then pounce when the other guy gets it wrong. Lots of people are getting a lot of things wrong these days.
Don't be fooled.
SOX buying opportunity is coming true as
says this July is the best in years. ... That bar code game's a rough one, isn't it? For a moment, I felt bad for
off of this Zebra situation. ... Why doesn't DJTE do a 10-million share secondary and get a couple of years' interest payments out of the way? ... How about how
and Qualcomm shrugged off the
semi selloff? Those stocks are going higher. ... People are buying that 2006 nonsense from
. Oh please. ...
, what a stock!
P.S. from TheStreet.com Editor-in-Chief, Dave Morrow:
It's always been my opinion that it pays to have more -- not fewer -- expert market views and analyses when you're making investing or trading decisions. That's why I recommend you take advantage of our
premium Web site, where you'll get in-depth commentary
money-making strategies from over 50 Wall Street pros, including Jim Cramer. Take my advice --
James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS by
clicking here. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict."