Tuesday, April 6, 2010

Not sure I should be excited when the Mad Money guy agrees with me

I usually don't watch Cramer's Mad Money. This guy flip-flops too much, and there is too much yelling.

So I was curious to see he has turned bullish on California housing market, even recommending one of my top holdings to play this recovery: Standard Pacific (SPF). He still doesn't quite understand how Standard got here. I don't mean to brag, but there are good reasons to like this company. See my analysis here, here and here.

See CNBC Yahoo report and the video.

(note added on 4/8/10) Cramer was able to pump up SPF by 4-5% or so. Amazing. When he is so bullish, it's about time to take some profits.

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