Cramer called Citigroupa buy back on Aug. 6 when the stock went for $3.80. Almost two weeks later a share of C fetches $4.13, or 9% more. Not a bad turnaround, right?
The Mad Money host can’t claim credit for the trade, though. The idea wasn’t his. He piggybacked off another successful investor who had a history of picking winners.
This strategy works. So much so that even the pros use it. They want to know what Warren Buffett’s buying, or George Soros or Carl Icahn. These guys have a reputation as moneymakers, and sometimes it pays to simply follow the best.
So who is this Wall Street superstar? None of the aforementioned legends, actually. The answer to this question is far less obvious.
Watch the video for a new source of great stock tips.
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