Jim Cramer is psychotic....

[Marc]

Anyone else watch his show? He is mad alright. The annoying thing about his show is that he has such a following, any tips he gives are driven way up in price just by his viewers over zealous bids.

Scarey what I could or couldn't do with the money I'm now earning.

 

[BeanoNYC]

Who is he? I never heard of him.

 

[ski_resort_observer]

All show, no content.

He has, among other things, a popular show about investing on CNBC. He show is entertaining but no serious invester pays much attention to him, especially during that fast talk session at the end of the show. He has decent credentials but his show is all hype. I much prefer the Nightly Business Report on PBS.

 

[ChileMass]

Yeah - he's all hype. He's the Howard Stern of CNBC. If you want to keep it, you probably ought to put your money into the hands of a cool, rational person. Cramer is more like a bookie.....

 

[trailertrash]

hmmm

Yeah - he's all hype. He's the Howard Stern of CNBC. If you want to keep it, you probably ought to put your money into the hands of a cool, rational person. Cramer is more like a bookie.....

so he has been arround for 20 years, just got a $500 million 5 yr contract and is responsible for one of the largest satalite subscriber increases ever? wow, who's the fool?

 

[skibum1321]

His show is probably the most annoying show I've seen in a while. Anyone taking investing advice from a tv show, come to me and I'll help invest your money for you :lol:. In all seriousness though, active management of stocks will get you nowhere and the financial community makes tons of money on the idiots that don't realize that.

 

[TenPeaks]

One thing Jim Cramer is good for is giving ideas on stocks or industries to research. I'll admit that I did buy a stock I saw on his show. I did my homework and realized he was right about the companies prospects.

Since I bought the stock in early December I've made ones of dollars!!! Soon I'll be able to not only buy a cup of coffee, but a muffin too

 

[ctenidae]

I have mixed opinions of Cramer, most of them bad. He has done well for himself and his charity, and if you're trading short-term, his analysis makes sense, to an extent. On the other hand, trading short term is, overall, one of the worst investment ideas going. And he's not some wunderkind, Know-it-all briliant guy. The folks who do his research for him before teh caller gets on the air are the real stars, serving up just enough information for Cramer to sound like he's been following the stock for years.

By not using the Cramer Method, my short-term portfolio (play stuff, no big money by any means) is up 28% since I opened the account in May. Suck it, Jim!

 

[ChileMass]

....The folks who do his research for him before the caller gets on the air are the real stars, serving up just enough information for Cramer to sound like he's been following the stock for years......

Good point - he may have a lot of past experience, but he's basically paid to be an actor.......

 

[pepperdawg]

A big AZ Boooyah!!!!! :roll:

 

[Marc]

I have mixed opinions of Cramer, most of them bad. He has done well for himself and his charity, and if you're trading short-term, his analysis makes sense, to an extent. On the other hand, trading short term is, overall, one of the worst investment ideas going. And he's not some wunderkind, Know-it-all briliant guy. The folks who do his research for him before teh caller gets on the air are the real stars, serving up just enough information for Cramer to sound like he's been following the stock for years.

By not using the Cramer Method, my short-term portfolio (play stuff, no big money by any means) is up 28% since I opened the account in May. Suck it, Jim!

Mixed bad opinions. Very astute.

But he's upfront about his short term advice. He openly admits he recommends five positions for diversification and only one of those should be speculative.

As for the on the feet lightning round business... I don't think much is served up by his staff. He only gives advice (has to really) on large cap stocks. Since he does this stuff for a living and has for like twenty years, it isn't hard to believe he'd know enough for a five second spiel on most of the stocks his listeners call in with.

I don't know, it's another show, I think I like it because it isn't "eye crossingly dull" like most other financial shows. Finally someone mixes it up already. Plus it's nice to see someone passionate about what they do every once in a while.

 

[ctenidae]

Good points, all, Marc. I guess teh major problem I have is that the majority of people watching the show probably don't pay attention to his warnings, and probably don't realize how dangerous it can be to gamble with short term positions.

 

[ski_resort_observer]

He does have alot of energy

He is fun to watch, for me, investing for the most part is pretty dull and mind numbing.

I did email him/his show once to comment on one of his comments and I got an email back from one of his staff asking if I wanted to call in on the Lightning Round and would give me a list of stocks to call in about. Pretty strange, I thought.

His show is basically endless single sentence soundbites of advice/info from beginning to end.

ctenidae - remember when we talked about a mutual fund made up of skiing related stocks? I did start the Powder 5 fund on April 1st. I started with Intrawest and Vail Resorts but never got back to it to add 3 more. Anyway, the fund is up 34% in 10 months.

 

[Marc]

Eh, like I said, SRO, he can only really give advice on large caps, so that might have something to do with it.



I'd imagine he's got to be real careful about what he hypes up, especially with the lower P/E, lower cap stuff. I'm surprised to see some of the stuff he does hype up.

Hell, Redf last week was up like 25% the day after he made oral love to it on his show.

So that might have had something to do with it.


Edit: Department of redundanecies dept?

 

[TenPeaks]

There was an interview with Jim Cramer in yesterday's Boston Herald

 

[ski_resort_observer]

Fun article, thanks for the heads up. I chuckled at one of their comments calling him a "swashbuckling market player". Think it pretty much sums up what most of us think about him. His ringtone is the theme from James Bond... :lol: