4.17.2006

BOOYAH JIM, BOOYAH

I saw this morning that BKHM guided lower and is now down about 25% on the day. For those with little short term memory, this little telco stock was recommended by Cramer on February 1, when the stock closed at 6.96. The next day the stock gapped higher and traded between 7.80 and 8.49. The website that I often mention that tracks Jimmy's picks uses the 4:00 price of 6.96 on the day of mention as the cost basis. Obviously not much solace to the folks who loaded the boat in the afterhours or bought the next day. Hopefully Jimmy will tell us what to do with this one on Stop Trading at 3:30 or tonight on MadMoney.

Since the site started tracking Jimmy, he has made 722 stock selections. Obviously, no one can buy all the picks, but how does one decide which ones to buy? Do your homework on 722 stocks? Seems a bit silly.

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