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$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ some more fo...

$Direxion Daily Small Cap Bull 3X ETF(TNA.US)$ some more food for thought. Cramer who's been around a very long time and he's made a few good calls and some catastrophic ones that he will be played with forever bear Stearns is fine. so on CNBC the lead office the Russell's up 11% the past couple of days and Kramer says well let's take a look at the top 10 companies that have comprised the bulk of these games and the largest one has a market cap of 300 million and it's up 59% there's 200 million that's up 120% so these are very tiny illiquid companies and he said it that you know you get a few million dollars worth of buying into the stock in any given day and it's up significantly and he says am I supposed to believe that I'm supposed to sell great companies making a tremendous amount of money to move into this basket that none of the top 10 are making any money they're all losing money hand over fist he says I don't think so. and you need to be aware of this because the other basket that has moved significantly are some biotech stocks and they're very dependent upon FDA approval and when FDA doesn't go away they can fall 90% 95% number one number two the regional Banks and I've been in and out of that multiple times and I use the leverage ETF hanging over their head is still the risk of default the trillion dollars of commercial loans but they've gone up about 90% in the past two and a half three weeks so there's a lot of profits that can come out of them as well.
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  • 10baggerbamm OP : pt 2
    Cramer brought up a very good point, you need to be aware of it you probably could find what he just said on his Twitter page some point in time today because a lot of people if we get profit taking they're at risk of getting trapped and you have to ask yourself would you rather be trapped in Amazon down 10% because the short-term purchase one against you or would you rather be trapped in a highly leveraged small cap that's losing money that's very dependent upon financing to continue operations? the choice is yours it's your money.

  • 71879485 : sell sell sell

  • Cisco seller : I already sold most of my position very good points

35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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