Tuesday, August 15, 2006

Fallond / Trade Ideas / Jim Cramer : August 7th

A poor week all round, although there were no newsletter picks of mine to compare. The Trade Ideas scan came out tops, with a small -0.14% loss. Jim Cramer's Lightning round picks had the poorest performance, closing down an average of -1.80% per trade. The market ETF's knocked around somewhere in between (-0.64%).

The worst performer on the week was Jim Cramer's, WCI. The stock closed down -17.65% following a downgrade by UBS. The best pick was also one of Jim Cramer's, IACI. It finished the week up +7.09%.

Of the Trade Ideas picks I had suggested HITT as the pullback play. It finished the strongest of the 8 Monday picks, closing up +3.38%.

If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

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If you would like to see Jim's picks you can tune into his TV show, or get them from Madd Money or Mad Money Recap.