Cramer Last Night -- Still Bullish on Best Buy

(c) 2009 F. Bruce Abel

To those of us who follow Cramer's every nuance his recommendation to buy BBY before their quarterly announcement Tuesday morning, was highly unusual. So I did, in the after-hours Monday night. I now have a paper loss of $800 most of which occurred almost immediately, i.e. even before the market opened Tuesday at 9:30 am. BBY came out with their earnings before the opening.

Last night Cramer "doubled his credibility bet," so to speak, and at the same time apologized for recommending that his followers buy just before the Tuesday morning announcement, the buy-just-before-earnings being a highly unusual recommendation that went against his teachings and writings.Playing psychologist for a moment, did Cramer subconsciously want to make a gambling call just before his known appearance-to-be on Meet the Press last Sunday?