Suntech (STP) Lower as Cramer Gives a 'Don't Buy'
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Shares of Suntech (NYSE: STP) are moving lower today -- even lower than the depressed major averages -- as Jim Cramer gave the stock a "Don't Buy" on last night's Mad Money. Shares most recently traded at $14.61, down 1.3% from yesterday's close. The "Cramer Effect" may still be in tact...
Responding to a "Lightning Round" caller, Cramer gave a stern "No, no, no" on Suntech, saying that "we need subsidies for solar power and oil at $90 a barrel for that one to work."
To see all of Cramer's zany calls, visit our Jim Cramer entity.
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I down grade Jim Cramer to trash
Lier
Cramer is wrong as usual
I just noticed that STP is up for the day while everything else is down - just goes to show what the legitimate traders that base their trades on fact think of Cramers opinions...
Huh!
What Cramer has forgotten is that this is an ADR for a company that does business all over the world. Just because America is content to guzzle oil until it hurts too much in the wallet - does not mean that the rest of the world is not doing something about their energy needs for the future.
Jim Cramer needs to get his facts right
80% of Suntech's turnover is realized in Europe, where subsidies for solar panels are in place. This Jim Cramer fellow is saying n'importe quoi
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no subventions for Germans solar industry
Germany on Oct 17, 2009 06:14 AMYou will see Suntech by 20 in the next 9 months. Cramer is an amateur. Stopid to ask somebody who has no background.