Hey, I'm Kramer.

Welcome to mad money.

Welcome to Kramer.

Other people are my friends, I'm just trying to make you a little bit of money here.

My job is not just to entertain, but to educate to teach you.

So call me at 1-800-743-CMBC.

Tweet me at Jim Kramer.

When the market flies like it's been doing, at least until today, you need to be selective.

You have to get more choosing because you don't want to start your buying near the highs.

And that is often a license to lose money.

So in a day we're the Dowell tumble 466 points. Yes. and that is often a license to lose money.

So today we're the Dowell tumble 4 and 66 points.

The SSB shed 0.34%. But the NASDAQ advanced 0.16%.

I want to show you how a professional comes up with ideas in a tape that's roaring

and does so without taking on too much risk that we have a quick downturn

while attempting to get the maximum reward.

You know that sometimes stock picking is all about not coming in on a stock that's already up 30 or 40% this year.

Instead, you have to accept that you missed it.

Not easy.

I'm sure that all of you have one time or another come in on top of a monster move.

Maybe a Seagate yesterday, sand disk earlier today,

and wish you would exercise some patience

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