CVS turned a tobacco ban into a financial win

Re:CVS turned a tobacco ban into a financial win by lacker on Saturday October 19, 2019 @03:27PM (#21300237)

I’m disturbed by the author treating Jim Cramer as a representative of serious Wall Street opinion. There’s no real evidence here that it was a good decision - all sorts of things go into the stock price.

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Re:CVS turned a tobacco ban into a financial win by nirav72 on Saturday October 19, 2019 @03:55PM (#21300415)

I use to do some day trading. The joke among the day trading community in those days was that if Kramer recommends buying into a company, then usually a good idea to do the opposite.

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Re:CVS turned a tobacco ban into a financial win by mattmaroon on Saturday October 19, 2019 @04:23PM (#21300566)

That's probably true due to the size of his megaphone. Even if all his advice was great, his recommending a stock could quickly drive the price up to where it wasn't great anymore.

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Re:CVS turned a tobacco ban into a financial win by radarthreat on Saturday October 19, 2019 @07:07PM (#21301272)

No, his secret is that he'll praise a stock one week and pan it the next (or vice versa) so that he can cherry pick his 'wins' later.

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Re:CVS turned a tobacco ban into a financial win by mattmaroon on Sunday October 20, 2019 @09:38AM (#21304056)

Ha, that's pretty smart.

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