FRO Revisited

A couple of weeks ago I was tweaking Jimmy Crack Corn Pone because he panned FRO "ix-nay on FRO", and it took off. Probably had nothing to do with his panning of the stock - maybe it was just a good stock.

Anyway I looked the other day and this is what I saw.

And I was confused for a bit - because I just couldn't figure out why it dropped. Well here is why -

HAMILTON, Bermuda, March 6, 2007 (PRIME NEWSWIRE) --

We refer to the fourth quarter report released on February 27, 2007. Frontline Ltd. is trading ex-dividend of a cash dividend of $2.05 per share and a share distribution of three shares in Ship Finance International Limited for every 28 shares held in Frontline Ltd. today March 6, 2007. The record date for both is March 8, 2007, and both will be paid/distributed on or about March 22, 2007.

Jimmy Crack Corn Pone touted people off a stock that is paying a cash dividend of $2.05 about 2 weeks before it was declared. Meanwhile one of the triple buys he touted on that same day - DGX - is doing really well -


I pray two things - first that no one actually bought DGX and second that no one actually sold FRO based on this guys bull snot. Unfortunately I doubt these prayers were answered.

There are a lot of "Jimmy Crack Corn Pones" out here people. I read Blogs every day with people saying this stock that stock the other stock - they mean well - truly they do - it's just that most of them really don't know what they are talking about. I always hesitate to give a recommendation and I try to keep them limited - most often I only provide them as examples of filter outputs and up till now most of them have gone in the right direction - eventually. But be careful - trust no one - do your own due diligence and be really sure before you commit your hard earned cash to the casino.

Oh well - rant off - stepping down from soap box.

Cramer Speaks - Again

Seeking Alpha - Miriam Metzinger

Hewlett-Packard (HPQ): 'I know a lot of people are saying, 'Jim, shouldn't you run tail; shouldn't you just admit that HPQ wasn't a good quarter?...' No! HPQ was a good quarter. The guidance was good. Mark Hurd has done a great job ... I am telling you to back up the truck HPQ - right here at $40. I see good quarters out for the next 8 quarters ... triple buy!'


He must be taking peyote to be able to see that far. I see a stock that is poised to drop - it's a 60% probability of 36 before 46. If you "triple buy" I'd keep a tight stop.

Quest Diagnostics (DGX): 'People think the margins are bad ... The quarter is going to be good! The margins are good! The stock is cheap! I would buy, buy, buy DGX!'


Another triple buy. This stock isn't cheap - and it is being run out of Dodge by the insurance companies who can't take its charges any longer. That's the problem with a company that relies on insurance to get its bills paid - they tell you how much you can make.

Here's their main competitor - which chart looks better?


Frontline (FRO): 'I say ix-nay on the FRO.'


I don't know why. I doubt that he knows why. Something to say I guess - here's the pivot picture


The guy is a menace and someday someone is going to sue his butt off and win. And it won't be someone who bought one of his recommendations and lost money because he always covers it there - but someone who lost a bundle because of one of his throwaway lines - I say ix-nay on the FRO.

I want you to remember I didn't recommend any stocks to buy in this post - I only reprinted what Jimmy Crack Corn Pone said to do. Do your own due diligence and always keep in mind - Jimmy is at best a 50-50 picker - proven.