On Stockpickr Answers Friday and yesterday, Jim Cramer responded to a new batch of questions posed by members of the Stockpickr community. Anybody can ask, respond or comment at Stockpickr Answers; the top responders get ranked in our "Top Analysts" section. Here are a few of the questions to which Cramer recently responded:
- In a September video with James Altucher about 52-week highs vs. 52-week lows you talked about a theory that Len Cooperman said was his best formula for winning: Take stocks that are down 8%-10% off their 52-week high in a selloff and buy. This was a great theory, and I put it to true test during the height of the selloff by going long Goldman Sachs (GS), Baidu (BIDU), Yum! Brands (YUM), Apple (AAPL), Freeport-McMoRan (FCX), MasterCard (MA), First Solar (FSLR) and Google (GOOG).
Wasn't the summer's selloff a perfect setting to put this theory to test?
- Exactly how do you decide whether or not give a CEO the benefit of the doubt?