The whole joint. Were letting its negativity, its neoism, were letting it influence our thinking i want it stopped right now. Right here i want to cordon off craamerica and do it today. The dow dipped the nasdaq gained. 47 put it simply the people who run our government cant seem to, well, govern todays breakdown of the gops most bedrock promise repage replacing obamacare has cast a pall over everything even if it was unpopular, but if the republicans never had votes to axe the Affordable Care act why have they spent month on legislation going nowhere. Makes me wonder if Mitch Mcconnell knows how to count im not saying we need to return to camelot i just think that congress inability to accomplish anything, anything at all has started to poison the atmosphere on wall street the latest look at the results of our Great American companies with way too jaundiced this negativity is coming out in two ways first buyers right now seem only to have love for a handful of companies that are viewed as mute you know what im talking about. Netflix reported good subscriber numbers last night now the stocks that make it up to etf are trading together. Joined this. 22 point gain in netflix even if theres no news on facebook and several analysts cut numbers for alphabet plus one analyst suggested amazon could have a possible slow down in its web Service Business obviously others agree with me or the stock would be soaring. Thats why i want to sing the praises of a bunch of companies that have reported this earnings season, companies that would be getting a lot more attention in love right now if washington wasnt making us feel so pessimistic. Lets start with the banks somehow in some way this market has decided that jpmorgan didnt have a good quarter. These companies are doing incredibly well for this environment. I cant believe how much money jpmorgan is making or how strong its lending operations were. Whats the takeway jaime dimons peak only time i heard a ceo curse on a Conference Call. In case you missed the call, dimon let loose with a howard beall style rant we have become one of the most bureaucratic, confusing, litigous societies on the planet its almost an embarrassment being an american citizen traveling around the word listening to the stupid [ bleep ] we have to deal with in this country. Dimon hit the nail on the head i wish he used a Different Forum to talk about politics jpmorgans amazing quarter jpmorgans results like those of citi and bank of america are splendid examples of how well banks can run without one ounce, one iota of flep ohelp from our federal government goldman sachs, feel free to take everything i say with a grain of salt but i honestly cant believe how much goldman can make. They reported nice upside surprise with nothing good to happen in their key markets especially equities where they killed it. Who knows how much they could make if there was any volatility anywhere in any market this company with the stock down more than five bucks is primed and ready. All these bank stocks are just plain by answered. United health. For years and years my go to analysts says this quarter hit on every cylinder. She called it and i quote an outstanding report and told us the more broken health care is the better it is for United Health because the company is uniquely positioned to fix it and make money doing it. This company i should tell you has a stunning 17 year earnings per share compound annual growth rate of 19 . And this quarters growth exceeded that. She goes on the say and i quote when folks stop complaining about Health Reform failure they will figure it out what im saying dont let the 50 cent gain full you United Health had a great quarter. What else . Lockheed martin, great quarter earning 3. 25. Street looking for 3. 11. Boosted its top and bottom line forecast this company is generating 6 billion in cash. The bulk of the profit comes from washington. Who the heck wants to be chained to these do nothing embarrassments hence the stocks brutal unjustifiable decline. Johnson johnson gave you and amazing raise. Why so many people love this company and stock given its fantastic Balance Sheet and excellent management initially j and j went down as we heard the Republican Health care bill had fallen apart which is insane because this legislation would have hurt the companys earnings but just bringing us all down, isnt it pathetic now at least on the Conference Call the ceo and cfo were able to tell us repeatedly that the second half will be very strong. And thank heavens it turned around it shook it off. Still i wonder if these embarrassments in washington recognize what the heck they are doing to both the Capital Markets and psyche of the american investors our leaders keep telling us everything is falling apart but cant do anything about it, hence the head long rush into facebook as well as travellers, and invrn dinvidia. These people being interviewed outside of washington. Telling us how bad everything is they can bring down the most optimistic investors on earth. Heres the problem, though if you own stocks by nature you need to be optimistic. Youre hard pressed to own any stocks if you thought our nation was a joke facebook can go hire they are in spieft stocks. Stocks of companies that are doing so well they can keep roaring even if our government makes it into a global laughing stock. The bottom line dont trust the reactions were seeing dont say oh, this is a narrow market instead say let me go back over these quarters without thinking about how embarrassing washington has become. When you stop viewing stocks through the prism of politics youll find a lot of things you like a lot of things you should buy ill go to louisiana caller booyah, jim. My question is about sysco foods. Do you see growth or are there better alternatives . This last quarter was not that good. Its got a good yield. I like the new management. Ill say buy bob in new york. Caller hey, jim thanks for taking my call i got a question on the infrastructure and health. Im interested, i want to get your opinion on Steel Dynamics our pipelines, roads, bridges bob, youre presuming that actually somebody in washington will do something about it which i find fanciful which is why i like newcorp they always went out and made good profit and that will continue nue is the way its time to bust the gloom. You look at specific quarters you would be a buyer not a certainly. Dont be confused by the nature of the stock price coming up on mad money a magnificent run. Nasdaq gets plenty of attention from wall street but the charts are telling a different story. Ill show you signs ahead. Do the words negative Free Cash Flow sound good to you sure they didnt sound good my partner david faber. But they are music to the ears of netflix ceo and stealth play on amazon nation of retail im talking with the ceo just ahead. So stay with cramer. Thank you so much. Thank you so were a go . Yes we got a yes what does that mean for purchasing . Purchase. Lets do this. Got it. Book the flights hai si si ya ya ya what does that mean for us . We can get stuff. Whats it mean for shipping . Ship the goods. Youre a go you got the green light. That means go oh, yeah. Start saying yes to your companys best ideas. Were gonna hit our launch date scream thank you goodbye let us help with money and knowhow, so you can get business done. American express open. So you can get business done. At the lexus golden opportunity sales event before it ends. Choose from the is turbo, es 350 or nx turbo for 299 a month for 36 months if you lease now. Experience amazing at your lexus dealer. Hey youve gotta see this. Cno. N. Alright, see you down there. Mmm, fine. Okay, what do we got . Okay, watch this. Do the thing we talked about. What do we say . Its going to be great. Watch. Remember what we were just saying . Go irish see that . Yes im gonna just go back to doing what i was doing. Find your awesome with the xfinity x1 voice remote. Lately the strength in the Technology Sector has been getting a lot of attention with so many talking heads talking about how these stocks ran up too fast i spent time debunking the idea that were swachg a sequel to the dotcom era. Tonight a different approach the truth is there are many other sectors that are performing nearly as well as tech over the past six months. Some have performed even better. Its not like tech is falling into the stratosphere while Everything Else does nothing the tech stocks up an average of 15 . Health care is up by 13 financials up 8 what we have sheer what i call a broad base rally proving once again diversification is the only free lunch. Bob moreno is my colleague take a look at some terrific nontech stocks many of them are making new 52 week highs i want to start with this is not a 52 week high but a good place to start thats energy. One sector down in the last six months investors seem to be throwing in the towel. Exxonmobil, big dog, is a good proxy for the oil patch so take a look at exxons daily chart. As you can see this stroke has been trading sideways for nearly six months thats a pretty tight channel. Thats what you would expect given oils range. But exxon seems to have a six week cycle with the stock bottoming out then testing its ceiling of resistance before pulling back to its lows again he thinks exxon well established bottom at around 80 bucks it just made another cycle low at the beginning of this month could it have some upside at least for the next few weeks keep that in mind. This is a huge company a lot of people have written off the oil stocks he says no then you get a sense of whats going on in the material space lets check the daily chart of potash its a chemical player thats known for making fertilizer. Normally it trades close to the energy space it was trading sideways for a long time similar to what we saw with exxon potash broke out above its long term ceiling of resistance and could have a lot more room to run. I would put it much more with deer and agro. How about health care . Remember this has been one of the best performing groups around Health Care Companies are claiming money my favorite daily chart of abbvie just last week the stock tested low. Before bouncing back hard. On friday on the verge of another break out although over the basket couple of sessions pulled back. But its only a matter of time before we get to the upside. So recently made a bullish cross over now hes looking more at this. Where the black line goes above the red line at the same time, we follow that Indicator Measures the level of buying and selling pressure in the stock and still very positive territory suggesting big boys accumulate shares in abbvie this rally is not finished some of you have questions isnt that strong . I will tell you i think the abbvie pattern is a good one how about Consumer Discretionary space. This covers a broad range of companies. Lets look at the daily chart of one of my favorites for ages this is the way people book. Priceline. Com. Fabulous barometer of Discretionary Spending because kwhoot be more discretionary than travel and leisure. Priceline is up close to 50 over to past year. Its been trading at a rising triangle pattern last week it broke out above the resistance and since then been moving higher. Meanwhile pricelines relative strength index is tracking higher and accumulation distribution line here we go a tool that tells where you the biggest Institutional Investors are buying or selling trading above its single average this is all systems go so when we put it together this stock is poised to resume its uptrend. I agree. 2,000 is in the forecast maybe easily then the financials and we talked about them at the top of the show were getting frerngs the banks. They have been hit or miss the financials is a group thats been a powerful leader for this market since the election which is why we want to focus on the stronger names blackstone huge asset manager its been on fire all year long. The stocks short term 50 Day Moving Average crossed above its long term 200 Day Moving Average. Thats called a golden cross such a reliably positive sign. Blackstone broke out of its consolidation. That could mean its ready for another leg up making a bullish crossover right here where the black line goes above the red line thats a classic positive signal so much. Gold incross plus the s s onc s ooscillator g out of negative territory. The stock can keep roaring many of you have asked me repeatedly about this stock. Final italy red hot industrials. How can we talk about the industrials without mentioning long term cramer fave, honeywell. Theres a lot to like in this chart. It is picture perfect. Honeywell has been rallying steadily higher for months look at that Wealth Creation here keeps jugging along. Its making bullish crossover. There you go again theres the bullish crossover. Volume weighted in health care has made a sharp how much. Money flow index we like show all the indicators that matter put it all together. Honeywells long term trend will continue the stock keeps pace with its rising 50 Day Moving Average the Company Reports friday heres the bottom line for all the time that you spend listening to endless stories about theres only strength in tech the truth is facebook and microsoft are far from the only stocks that have recently touched the new high and not just about amazon or netflix when you take a broader look at the whole market you can buy all kind of big household named stocks stocks that have nothing to do with tech. Honeywell, blackstone, priceline, abbvie and potash have more room to run. And exxon in the most hated part of the Market Energy space could be due for a bounce. Northeastward dont let the tech rally blind you to Everything Else thats going right. Theres too much good happening right now. Got much more mad money ahead including the quarter that drove netflix all time high. And my take on whether theres still time to buy this stock you want to know that. I havent talked about that yet today. Companies like amazon and best buy theres Something Else hidden in these massive buildings that could be more valuable than merchandise. Bears beware, story of a stock that went from Single Digits to nearly 200 a share and how wall street got the story so wrong. So stick with cramer think again. This is the new new york. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov if only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. The visionary of netflix knows about contents people love a bargain. Three the stock market is filled with big time Money Management dreamers waiting for something new involving the internet not Just Entertainment hastings gave these dreamers exactly what they wanted last night. Hence the steeks moocks 22 ru. Netflix is a two prong success you provide contents and charge people 8 bucks or 8 euros youll land and expand. Youll grow and grow and grow. Thirtsd element that hastings understood Money Managers let you live, let you thrive if you convince them you figured out how to deliver internet to deliver quality programming. Doesnt matter if the company is losing mountains of money. What the analysts focus on what reed says negative Free Cash Flow will be an indicator of its too funny, negative Free Cash Flow is an indicator of enormous success. Thats a statement i tried to tell that to faber. It was hard to get out in other words, netflix is an Entertainment Company but is being valued as a tech company as Money Managers believe its all well and good to lose money now if youre going to dominate later. Enormous success, negative cash flow when i listened last night i was stunned by the buchl seautiful simplicity almost as if hastings said theres an equation. The equation is the number of people on earth times the hours of free time they have, minus the requisite current use of that free time, equals the opportunity to provide programming that people love via the internet this man simply solved x, the programming people want. Once you get people hooked by the bargain of lower than quality price and the negative flash flow netflix can analyze their usage data to give them even more of what they want. In essence the Company Created entertainment, the Artificial Intelligence intelligence that comes from usage data. A habit that cant be kicked netflix the new opioid for the masses worldwide deepg price per month low hastings ensures no other company can come in because whoever tries to compete will end up destroying their own grows margins. Last nights quarter was a triumph of science mas kwurch erading as art theres great artisty to please subscribers in new markets thats secondary you can run loss for as long as you want because you can raise prices or cutback on spending. Come on. Same model as amazon Money Managers backed amazon because they knew at a certain point they could raise the price of prime offering, make more money. Until this quarter i kept thinking what the analysts kept getting wrong was the quality of netflixs content. Thats because i love it so much they watch house of cards or stranger things, orange is new black or 13 whatever they know they should recommend the stock. That was way too simplistic. You needed to know what plays among the great growth managers of our time, the Money Managers. The idea that the intercincinnati Delivery System and the first guy who figures out what delivers best in each category wins. Netflix figures out merchandise. Google figured it out. Netflix figured out film and television if you want to be cynical about it, you dont goeet to be the ni fang the more netflix knows about what you love the more it can scale that love into not profits, but subscribers by that metric, now the stock netflix remains undervalued which is why it is still not too late to buy netflix. Holy cow yeah negative cash flow an enormous success. I got to love it carolyn in florida caller hi. Thanks for taking my call. I would love your opinion on imax i have it in my portfolio. Its going down. I have mixed emotions. Should i sell and move on or hold it . This thing has and about falling knife. Its been ive been watching imax sometimes you have to get out the old knife to realize what imax is doing. Thats a difficult catch to me i think the stock is going 18, 17 before it bounces because its just, the numbers arent there. If you can handle that level of pain, i cant. John in new york john caller booyah, jim. Booyah caller my question is on 12st century fox fox news has added revenues of 3. 5 of total Company Revenue and it took a hit last week. They saved 9 billion of excess cash this kwoumd two of the best Value Investors buying at these prices what do you think . I think its fine neither here nor there i dont think it has a compelling story to sell or buy. Its a neutral without a catalyst okay lets understand the netflix situation. You do not get to be the n in fang for doing nothing netflix has the perfection equation for growth and thats why its hitting record highs. Not too late to buy. Still more mad money ahead as the economy moves from bricks to clicks this player thinks it has a unique access to exploit do you think the fancy firms have you beat. I have a stock that went from Single Digits to 200 a share. How big money got it so wrong and what it means. You may have missed yesterdays emoji. Im still taking your calls in the lightning round. So stick with cramer you always pay your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. To keep our community safe. Before you do any project big or small, pg e will come out and mark your gas and electric lines so you dont hit them when you dig. Call 811 before you dig, and make sure that you and your neighbors are safe. 811 is available to any business our or homeownerfe. To make sure that you identify where your utilities are if you are gonna do any kind of excavation no matter how small or large before you dig, call 811. Keep yourself safe. We know things have gotten very difficult for brickandmortar retailers but theres another side to this story a positive one ecommerce may be putting a lot of old school merchants out of business but creating new opportunities. Amazon and other online retailers going ship their goods all over the world that means they need a lot of warehouses and Distribution Centers which brings me to prologis, pld heres a company that does a ton of business with amazon along with companies in a host of far ranging industries from retailers to supermarkets, food, Auto Companies prologis calls the worlds leader of retail if you want to own a riit prologis is just for you it delivered a four cents earning beat driven by higher ranks and company gave extremely bull year guidance can it keep climbing lets take a closer look with the chairman and ceo of low l prologis this was a fabulous quarter you made out so well were in a situation where theres just not enough space right now for all of the ecommerce and all the shipping has to be done thats the ideal environment for your company, isnt it it sure is. And its really broader than ecommerce. Its all consumption related you know, supply has been very disciplined in the last couple of years, and demand has been really strong so the combination of those two have made the best market of my career. Wow thats saying something. I know the previous quarter there had been some concern there was going lot more building and that didnt happen this quarter, right . Yeah. You know, there were some starts ahead of our expectations last quarter, and well really see the effects of those early next year but, of course, we sounded the word of caution and that extra supply did not keep up this quarter so i think well be fine we actually could use more supply because i think southeast demand today is constrained by the lack of availability of space and some more supply could help with that situation let me ask you about that i was going to ask you a question about how you differentiate. In a Perfect World a developer should go the bank, gate loan and put up the property because theres demand whats wrong with our system i know youre a worldwide company. But in the United States thats not occurring. The banking issues are only part it. But in our sector the buildings are getting bigger a typical call it 800,000squarefoot building needs 70 acres of land and if you want to build a good one you want to build it in a major city, new york, l. A. , San Francisco, and, you know, its tough to find 70 acres of land and get the permits to build a facility like that and to find the employees to operate it its not just the banks that are holding the supply back but its becoming increasingly difficult to find front build on great story. Scarcity i want to focus on fact you have tremendous data. We have been talking about companies that have scale. Whether its netflix or amazon or pepsico they can figure out the future to some degree you have a tremendous data mining going for you in ten years well think bow business as not just a real estate business but a significant data business. And i think that data is going to help our customers. Its going to help our own decisionmaking and who know physician were successful at this it could be a separate business that could be valued privately by the market. Its way too early to get that far hide but im excited about those opportunities and when you talk about scale, i mean yes prologis owns and operates 700 million square feet of space but if you look at our individual market positions like, for example, los angeles, the most Dynamic Market in this country, 1 supply or vacancy today in los angeles, we own 72 million square feet of space if you add up our next five competitors that are public, they amount to about 20 of that amount in aggregate. So the differential advantage we have not only in terms of information but customer relationships, ability to drive down costs and operate the business efficiently i think its a tremendous mouse trap of course our industry is anchored in this concept of nav. What are our buildings worth you know that approach doesnt really take into account the differential benefits that prologis has with respect to operating these buildings. So i want to build a company, we want to build a company where a dollar of real estate attached to our platform is worth a lot more than a dollar the amazon to buy whole foods is a trend you talk about. You need have real estate Distribution Centers closer to the customer this is an ongoing trend that only amazon has figured out but companies are taking action on and using prologis one way of getting closer to customers in these major cities they are not making new real estate were going infill in some of these markets like new york, seattle, San Francisco and building multistory warehouse which are really a novelty in the u. S. Of course were used to it because we do a lot of this stuff overseas in japan and china but this is a time that the u. S. Is going to have some vertical warehouses, multistory in infill areas because thats only way youll accommodate the demand you were just having a great story. I was concerned because you put the idea in my head there were going to be too many starts. The scarcity value for your company and text i dont have a lot of stocks doing what youre doing are fix. Thats chairman and ceo of low logis. Terrific Company Another way to play. Commerce in general not just ecommerce. Mad money will be back she cant become a guitar legend just by playing air guitar. The babys room wont build itself. And her paw wont heal on its own. Were all working forward to something. Synchrony financial can help your customers make it happen sooner. So she can plug into her dreams. And theyll have a new addition for their new addition. Whatever youre working forward to, even if its chasing squirrels, Synchrony Financial can help you get there. Even if its chasing squirrels, rays always been different. Last year, he said he was going to dig a hole to china. At t is working with farmers to improve irrigation techniques. Remote moisture sensors use a Reliable Network to tell them when and where to water. So that farmers like ray can compete in big ways. China. Oh. He got there. Thats the power of and. The market is pricing in it is time its lightning round the lightning round, are you ready. Start with sheldon in florida. Caller booyah, jim. How are you doing . I recently got chegg i dont think its going up jeff in pennsylvania caller booyah, jim. Im 25 miles from your Favorite Company vanguard my question is about opk you had on previous shows the ceo that discussed his company what is your position now on opk . We absolutely have to get him on i cant opine. Dr. Frost please come on and tell us whats going on with the stock. That will give tugsd or not. Up or down bailey in michigan caller hey, jim, big booyah to my question is supernus pharmaceutical this is one of those situation. The company does make money so i will bless it. But only for speculation marte. Caller im calling to ask you, i want to know how you feel about apollo global. Thats run by leon black. One of the smartest guys in the business robin in new york. Caller thanks for take my call i bought some u. P. S. Stock some three years ago. My stockbroker is giving it a d rating and suggesting i sell it. Why u. P. S. Is getting its act together no you dont want to sell were not going with that. I like u. P. S. Jim in georgia jim. Caller hey, jim, enjoy your show and your insights my question is about mckesson. Short term i dont like the expectations patrick in north carolina. Caller hey, jim thanks for taking the call. My question is on Signet Jewelers the ceo just retired. I welcome the new ceo to come on air and see if the practices that signet has been doing will be reformed. Carlos in california caller hey, jim, hows it going. Im from costa rica. What a fabulous country whats going on . Caller i want to hear your thoughts on applied opto im going to sign this as a story. We have to find out whats going on and thats the lightning round hey gary, whatd you got here . This bad boy is a mobile trading desk so that i can take my Trading Platform wherever i go. You know that thinkorswim seamlessly syncs across all your devices, right . Oh, so my custom studies will go with me . Anywhere you want to go the markets hot sync your platform on any device with thinkorswim. Only at Td Ameritrade your bbut as you get older,ing. It naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. To keep our community safe. Before you do any project big or small, pg e will come out and mark your gas and electric lines so you dont hit them when you dig. Call 811 before you dig, and make sure that you and your neighbors are safe. 811 is available to any business our or homeownerfe. To make sure that you identify where your utilities are if you are gonna do any kind of excavation no matter how small or large before you dig, call 811. Keep yourself safe. Last 15 odd years there have been people loudly proclaiming its impossible to beat the stock market maybe have a goodyear and kbrourmt over to long term its a big crap shoot why . Its known as the efficient market my thesis the theory in economics that says at any given moment stock prices reflect relevant information thats out there first and foremost get any kind of edge. What you know should be baked into your stocks as they are perfectly valued by the marketplace. A lot of index advocates cite this theory. They think its basically the same as gambling the best you can do is own an index fund i got no problem with index funds. I think your first 10,000 needs to go into an index fund safest way to invest im a fellow traveller to the religion of index funds. I find idea you cant beat the market with individual stocks because they are perfectly valued to be frankly totally lieu ludicrous. Markets are not perfectly efficient at ll. They are not rational. They make mistakes like communism, the efficient markets hypothesis is one of those things that make sense in theory but doesnt work in life. Let me give you and outrageous but true to life example that simply wasnt talked about enough as it unfolded. Take a look at Straight Path communications strp a company that owns bandwidth licenses for 5g wireless basically Straight Path owns a bunch of spectre the thing from Straight Path ive never seen a conventional wisdom about a story be more wrong. The action in this thing shows you how inefficient, imperfect and down right dumb the markets can be Straight Path was trading less than 20 bucks a share. Two months ago the company was acquired by verizon for 184 a share after a furious bidding war with at t. All of which begs the question how could have the market got this story so wrong . Why was Straight Path written off as a lowers even though verizon was willing to shell out a fortune. Is verizon that stupid was the collective wisdom so to speak of the market buyer and sellers plain wrong . Before we dig deeper into the question you have to understand what the company does. Its an electro magnetic speculator they gobbled up 868 licenses from the fcc which allowed the company to build out a nationwide network they charge wireless carriers for the right to used their bandwidth. They are going to be essential to the build out of fifth Generation Wireless Networks at the same time the company owns a bunch of intellectual companies. They are aggressive about suing anyone who infringes on their patents. Mainly the asset here are intangible Straight Path should have been one of the easy evident to understand they spoken spectrum and patents. Seems pretty straightforward so how could the market have valued Straight Path as it was the shining path of stroks Straight Path was spun off by idt four years ago when it traded at 5 a share this stock caught fire stock went to 9 it rallied to 23 two years later. By october of 2015 this was a 50 stock but then fell out of favor. Why . The reason, Straight Path came under afracture Research Firm which shorted the stock and then published the research where they called the company and i quote the most egregious example of the stock market buying into grandiose narratives some of the details were ridiculous these guys described Straight Path as a company with only seven employees, 426,000 of quarterly revenue headed by a 29yearold whose previous job was as a rabbi at a synagogue in the bronx. But heres where they went wrong. He dismissed the idea of 5g as a far off concept. I believe in retrospect that was what i call an illadvised position remember this was less than two years ago. I know verizon and at t were planning their 5g roll outs even then as so many investors were betting. Stock got slammed because these shortsellers who make a big fuse can be persuasive the darn thing was cut in half the following week after the comments Straight Path got hit with a shareholder lawsuit alleging that company made false and misleading statements. Stocks medal down Single Digits in late 2015 they rebounded to high teens by the end of the year. Either Straight Path was right and spectrum was valuable or the Research Firm was right and the company was worth next to nothing. The sec starting investigating the allegations and for all last year but then january this past january Straight Path reached a favorable settlement with the fcc that left the Company Using their 5g at t had agreed to buy the whole company for 95. 63 sending the thing up 195 hire three days later the last competing offer from verizon the short sellers decided it was worth a lot more at that point the stroke was trading above 200. The action in Straight Path communications has been very exciting but i wouldnt call it efficient. This was a binary story. Either shortsellers were correct and the Company Owned an over valued assets longs nailed it. Heres the bottom line reason you can make money in individual stocks as long as you do the homework is markets are rarely super efficient conventional wisdom is often wrong and often huge opportunities there for the take field goal you know where to look Straight Path had a lot going against it at the end of the day they owned insanely valuable mass that made at t and verizon willing to pay through the nose to buy the whole company thats what really mattered thats what catapulted the stock into the stratosphere. It was misvalued giving you a chance to make a killing if you like Straight Path management and guys that ran verizon and at t simply believed in the story. Stick with cramer. Ibm csx not so hot. Im jim cramer ill see you typical. Or fight each other for a deal. This is shark tank. Is an entrepreneur from lubbock, texas, with a solution to one of the holidays biggest headaches. Hi. My name is shawn genenbacher, and my company is litenetics. Im seeking 125,000 in exchange for 20 of my business. Now, everyone loves the festive atmosphere of the holidays