CNBC MadMoney's (with Jim Cramer) take on Vonage

Posts: 32 · Vonage Forum Junior Joined: May 08, 2006 Posts: 32

If you watch his show Cramer continues to rip Vonage at every opportunity as of late, saying its a dog etc and advocating SELL SELL SELL (and shorting?) of Vonage stock.

Here's Cramer's take link

More links (registration required on some links).

Posts: 8 · New Forum Member Joined: May 20, 2006 Posts: 8

He's Doing it again tonight, he's a nut

Posts: 12 · Vonage Forum Associate Joined: Jun 01, 2006 Posts: 12

I understand the fundamentals of shorting a stock. My question, to those who are more financially savvy than I, I have read that there are regulations that state that in order to short a stock, the stock's last trade must have been an uptick or a zero plus tick. What does that mean in english?

Posts: 94 · Vonage Forum Senior Joined: Jun 17, 2006 Posts: 94

It means you can only short a stock after it has gone up. If a stock is continuously going down, you are not supposed to short it. You have to wait for the price to "uptick" before you can short it.

This is a NYSE policy that has not been practiced in quite a while. Hedge funds pretty much do whatever they like today.

Posts: 12 · Vonage Forum Associate Joined: Jun 01, 2006 Posts: 12

So I could do this now.

Posts: 11 · Vonage Forum Associate Joined: Sep 25, 2005 Posts: 11

first read the procedure to short sell. its very dangerous to short sell if u have idea and u r good @ it then only u short sell the stock.