Observing SIRI and Jim's constant wrong advice and then contradictory advice, I've concluded that the wise investor should do the exact opposite of what Jim Cramer says.
When he was saying "BUY BUY BUY" SIRI, it was dropping. When it hit the bottom, he acted like he never liked the stock and said "SELL SELL SELL".
Now that it's cheap and is running up on good news that anyone could have predicted... I wonder what he'll say.
My official rating on Jim Cramer is now "HOUSE OF PAIN".
Posted by Balttrader on :
What ever stock he picks usually goes up the next day on pr alone, thats why hes so popular.
Posted by edgewise on :
Yea, he's kinda like the ultimate pump-and-dumper. But he is entertaining.... you know, to laugh at.
Posted by Josabiz on :
I respect the fact that he puts his ass on the line every day. Who else is doing that on such a wide scale?
The only problem I have is that there are no highly visible penny gurus. It's a different game. A lot of experts say "cut your losses at 10%". How long would your penny orders last if you did that?
Posted by R1Man on :
Your confussed.........Cramer doesn't deal with penny stocks. Penny stocks fall under different rules...depending on the stock price.
However what Jim picks, people listen. I agree that cramer and the motley fool make bad decisions from time to time but they go by their comfort level and they are very good at what they do. Cramer doen't have time to follow hundreds of stocks......he is only 1 person. I'm sure he has advisors that influence his picks. But what he talks about instantly jumps in VOLUME......think about it.
Posted by Machiavelli on :
think about what? ... it jumps yes but not because its a good stock.. its because he PUMPS them... end of story...
Posted by Darth Vader on :
I actually like Jim Cramer. BOOO YAAA. Yea he is a pumper, but its nice to hear him pump a stock you already own and watch it gap up Huge the next morning lol. He's pretty entertaining if you ask me, sometimes a bit overboard but its funny.
Posted by Balttrader on :
Can anyone tell me what channel he is on and time. I used to watch him but then lot interest!
Posted by Machiavelli on :
CNBC Balt... as for what # channel that is.. depends on your area.. where I am it is channel 24 ...