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| jumbojack |
 Posted: Wed Jun 08, 2005 2:25 pm Post subject: Any fans of Mad Money here? |
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Investing Sr. Associate
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There's this show on CNBC called Mad Money. I was watching it last night and during the lightning round Jim Cramer decides to go bearish on TASR. Sure enough, an hour after the market opened this morning it was already down 10%! Do you guys think that this clown had anything to do with it? All those in this board who are fans of this guy please show yourselves, all three of you. This guy is so powerful that there's even a blog out there dedicated to his show, which I heard is read by tens of people. I'm starting to wonder if I'm denial here and... nah, he's not my type  |
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| Bankman |
| Posted: Sat Jun 11, 2005 4:58 pm Post subject: |
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Investing Associate
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There is some discussion of his show on this thread.
He definitely has a lot of energy and enthusiasm in what he does. As for his credentials, I understand that he is quite wealthy already and manages portfolios for non-profit organizations.
He definitely lives hard and fast by the "Buy on the rumor, sell on the news" philosophy. I usually take his recommendations with a grain of salt as his explanations rarely demonstrate much in-depth research or insight. |
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| Grimreaper |
| Posted: Sun Jun 12, 2005 3:55 am Post subject: |
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CFO
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| I've been following Cramer for quite some time, if he recomends a stock or sector you can be sure it is nearing a top, and only brings CEO's of the companies he is bullish about onto the show, the same happened when it was the Kudlow and Cramer show, here are some examples of past performance, he interviewed the CEO of SONS when it was at 8.00+, SCHN when it was at 35.00, he gave NT rave reviews at 8.00+ when the news was good and they were reporting good sales, he in fact bought NT himself at 4.00, in late 2003 he said there was still plenty of room for the semis to run, the semis were one of the worst performing sectors in 2004, he currently is very bullish on the retail, homebuilding, oil and gas, and semiconductor sector, so I'd be very careful if I was long those as I suspect many of those stocks will be cut in half this year by my indicators, even the beaten down stuff he likes should get hit hard, I like CMGI just as he does, he said to buy right now at 1.90ish on Th, I say wait until sub 1.00, we'll see what happens, he does have a tendency to influence trading in some of the stocks he mentions, so it'll be interesting to see what happens to YHOO and GOOG when he finally says to sell out of those, I wouldn't want to be long the next day after he says sell YHOO on Mad Money |
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| freeye |
| Posted: Mon Jun 13, 2005 12:40 pm Post subject: |
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Investing Manager
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grimreaper wrote:"I've been following Cramer for quite some time, if he recomends a stock or sector you can be sure it is nearing a top"...
... hasn't cramer been bullish on sears holding (SHLD) for 100+ point now?
one thought i had about any financial tv and radio shows, that wish to regularly have guests... guests may have a tendancy not to return and others watching may not want to come on the show if the host trashes their reputation publically after they've made an appearance.
a second thought i had ... wouldn't a ceo be more likely to appear on the media circuit when things are going particularly well? vs when the earnings and company stock is bottoming?
does cramer really have as much control over the guests as he would like... when he subject to the guest coming on the show voluntarily?
i have enjoyed all the prior posts. |
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| Grimreaper |
| Posted: Mon Jun 13, 2005 1:03 pm Post subject: |
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CFO
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Helloa again freeye  yes, Cramer has been bullish on SHLD from much lower levels, but he really didn't start pumping it until it broke above 100.00, he has been pumping GOOG for about 100 points though, so hisreturn on that for those who listened is a bit better, but lemme borrow a line from ole Jimbo "we don't care where it's been, we care where it's goin!" LOL, anyway, Cramer has complete control in who he invites on his show, if you follow along over time you will find that he only gives an invite to people who follow along with his general theme of the markets, if he is positive on a sector he will invite guests on to help give credibility to his reasoning, if he is negative he will take a completely different tone, like he did with the CEO of TASR, he's right about TASR BTW, and he's right about IIJI too, did you see the dumping that "hog" took in AH trading after he dissed it?! well it never should have made it to where it closed today, don't forget to pray for anyone who bought IIJI today  |
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| jumbojack |
| Posted: Mon Jun 13, 2005 3:02 pm Post subject: |
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Investing Sr. Associate
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| oh nos1! not tasr again! about trading after hours, does this mean that you would've been able to sell iiji without much of a loss right after it was damned by jc? i'm on the left coast so the show is delayed 3 hours, which sucks if i'm trading AH and i can't dump a stock that's going to hell. or does any trading done AH is at the price the market opens the next morning? |
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| Grimreaper |
| Posted: Mon Jun 13, 2005 3:17 pm Post subject: |
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CFO
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| Hi JJ, chances are better than good that IIJI will trade down to 10.00 before it ever sees today's high again, that's first somewhat major support, in actuality the 52 week low for this stock was not the final low IMO, i don't know where you bought, there is a chance that IIJI will still rally up to retest this high, your best chance for that would be if crude oil falls tomorrow and the Naz rallies on that event, but it isn't looking good, in general, whatever the low trading price is during AH trading gets hit the next day in regular hours trading, that's assuming it opens above the AH low, but I think it might just go straight to 10.00 in a hurry, good luck with it my friend. |
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| freeye |
| Posted: Mon Jun 13, 2005 3:29 pm Post subject: |
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Investing Manager
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| jumbojack: here'e just a thought i had if you are interested... if your near a computer at 3pm est that would be 12 noon left coast time... couldn't you listen online to a east coast station streaming his show? so as to lessen the time delay... it may even be a live stream. |
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| freeye |
| Posted: Mon Jun 13, 2005 3:44 pm Post subject: |
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Investing Manager
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grimreaper: are you saying if cramer has a positive outlook on the overall market he will have positive things to say about a company he has on the show... and if cramer is negative on the over-all market he will have negative things to say about the company he has on the show?
is that the jist of one of the point you were making?
i want to watch for it if i'm understanding you correctly.
appreciate your posts. |
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| Grimreaper |
| Posted: Mon Jun 13, 2005 4:02 pm Post subject: |
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CFO
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| No I am saying that Cramer is the ultimate sheister whipsaw man, and I think CNBC is doing its viewers a tremendous disservice by even running his segment, not only are his suggested trades poor choices for investors but his long term plays are even worse, when he says to buy something the idiots who listen to his every word drive the stock up immediately in AH trading, last Th he said to buy TIBX, if you did so on Fri you paid 7.25+, is that a good trade based on where it's at now? you lose, and keep watching it too cause you will keep on losing, today he is saying to buy MCD, because of that it will trade through 31.00 sometime over the next 2 days, but you will pay 29.75 or higher tomorrow on the open, and what about his long term calls that turn into trades that turn back into long term positions? you know he liked TOL up in the 90's, XOM the last time it was here, before both got crushed to the tune of 15%+, then he brings the CEO of TOL on to have him talk about the prospects for business, this was at the time Cramer was beitchin about how the Fed was gonna continue raising rates, well he let the TOL CEO say his piece, then Cramer said "He's wrong!" LOL, now all of a sudden he likes the homebuilders and the oil and gas stocks again, luckily for all the CNBC viewers YHOO is gonna take care of GOOG, and GOOG is gonna take care of Cramer, things will go much more smoothly then, trust me on this |
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| freeye |
| Posted: Tue Jun 14, 2005 7:39 am Post subject: |
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Investing Manager
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i agree with grimreaper in that cramer has had a some bad calls on specific stocks but so has everyone else.
but cramer only offers up stock ideas then the listener or the viewer is supposed to go out and do the homework and make up their minds for themselves.
one thing i've noticed is that with cramer each day when new information becomes available about the over-all market or about a stock he is open to changing his position on the market or the stock.
another thing i noticed myself doing is i used to get confused when sometimes he is suggesting a speculative stock trade and at other times he is suggesting a long-term stock buy-and-homework.
I think you would agree that anyone that is trying to listen to his radio or watching his television show then trying to run out and make one single buy of a stock in after hours trading is clearly not following the tenets taught by cramer.
for one... cramer regularly says that you should make several buys over-time as the stock bounces around higher and lower each day or over a course of weeks or months... with the key being to lower your over-all cost basis on each succeeding buy.
if you follow this rule of buying many times over-time then you may be in effect be innoculated against or at the very least be less vulnerable to the effects of a steep decline.
i always enjoy your posts grimreaper, i have much to learn from you as well as cramer and others. |
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