Math Check for Jim Cramer

I’ve seen Cramer’s show twice this week-and enjoy it. But let’s do a quick math check on his Google call. Today he said I told you to sell Google at $265 a share on Wednesday and bought it back today at $259-for a profit of $6 bucks a share. Well, let’s say I took his advice and “shorted” a 1,000 shares at $265. I had to put up $132,500 to cover the margin requirement-not chump change! I make $6,000 bucks on my investment but wow, I had a good chunk of risk and had to put up some serious cash to execute this trade. I like Jimmy but sometimes I wonder who he’s talking to! Have a great weekend!

“Put your hand on a hot stove for a minute, and it seems like an hour. Sit with a pretty girl for an hour, and it seems like a minute. That’s relativity. –Albert Einstein

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Dansette