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well said Keith.....except you for got to say big ol' hairy lyin' in front of it
Posts: 1813 | From: Ft. Worth Texas | Registered: Aug 2004
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If cramer mentions a stock its time to sell it, whatever he says, if its buy or sell, just sell it
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
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When you consider most of the stocks he touts are the higher priced stuff.For example his big 3: UNH, DNA, and SHLD are kind of pricey. UNH is around the 52-54 area, DNA is 90 closing in on 100, SHLD is in the 130s. To get a decent position in any of them you would probably need well over 10K for his stuff.
Posts: 6 | Registered: Jun 2005
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what difference does price make. If I buy only 10 or 20 shares of a stock that is priced at 50 and it goes up thirty percent over a few months whats the difference. I still made 30 percent. You take profits by what percentage your money goes up not owning 3 million shares.
Posts: 205 | From: ca | Registered: Aug 2005
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but high price stocks never go up 30% that easy and that the reason we trade pennies because of rapid price fluctuations
Posts: 210 | From: tampa, fl, us | Registered: Nov 2004
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I know higher stocks dont move as fast. But what cjb was saying was that you need at least 10k to get a decent position in one of cramers stocks. Even with 10k your results percentage wise wont be different. What im saying is having a large number of shares isnt the main objective. The main objective is the percentage change. Ive found high price stocks if timed right can easily go 10-15 percent in a week. Nothing against pennies, im only saying the idea that people who dont have a lot of money should trade stocks priced less isnt true. If you prefer pennies than good or if you prefer higher priced stocks good. Do whatever gets you the most money. There is a lot of money to be made either way. But whether or not a person has 10k or not shouldnt effect there trading strategy.
Posts: 205 | From: ca | Registered: Aug 2005
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Cramer is paid to entertain, and thats what he does.....It's television folks, TV is full of all kinds of self appointed Guru's.
Maybe shorting his picks is the way to go... They're easy to short if your set up, cause they're mainstream..
Posts: 10729 | From: oregon | Registered: Feb 2005
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I see cramer live at 6 on the east coast and you can see his hyped stocks immediately go up on the ticker underneath. You would have to chase the stock with limit orders but im sure you could make a fews bucks. I used to buy big stocks and when they disappoint and you dont see the market that day. Your screwed, you have to take quite a loss. With pennies one PR,hypeing on message boards or insider buying can spur a penney to run for a day or two.
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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I gotta throw this out there...last week Cramer mentioned a fuel cell stock ticker name "HOKU"...makes membranes for hydrogen fuel cells. The pps ran from 7.00+ to now trading at 11.70. I gotta say, he got this one right. Also look at a 7 day chart for "PWAV"...he got this one right too.
-------------------- any day above ground is a good day! Posts: 48 | From: Kentucky | Registered: Aug 2005
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Keithsan said thats not getting it right, thats like pumping a low floater.
his add caused the run up.
I don't care what you call it , your making money if you were sitting logged onto your account when he told you to buy. Even IT+T a 112. stock went up to 114. when he pumped it. I remember cause i had sold my IT+T a week before. Of course the lower the stock he pumps ... the more it goes up.
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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In closing, I have to disagree w/the pump thing.I don't think the fuel cell pick was a pump & I'll tell you why. Over the weekend(after his pick) I saw a history channel program with a very extensive segment about hydrogen as alternative fuel. It was very informative for any investor. Many books over the last 5-6 years have been published on this topic. I personally own 2 of these titles. This happens to be a sector I have been interested in for a while now. The technology is advancing to the point that 6 months ago, the standard time frame for profit was 15-20 years...now that timeframe is 5-10 years. GM has a hydrogen car that will do 200+mph AND model hydrogen fuel pumps have been installed in New England...expensive(2 million per) but they are there. MY POINT IS!!! For Cramer to just subjectively pull this stock out of his ass is absurd! I called him on air about 3 months ago about a stock called fcel. He threw me under the bus and said in no way would he endorse alternative energy. Why would he now endorse a company in this very sector. The pumping that I see(mainly on these boards) has been pretty shady IMHO. If I had the money in HOKU for 3 days that I have in ITGJ or DDSI or ICMH for 3 months...my portfolio would look a lot better. For every pink I have bought I watch about 10 others that some talk about and am amazed that anyone on this board could have the cahones to criticize anyone. Anyway hope not to offend, just enlighten.
-------------------- any day above ground is a good day! Posts: 48 | From: Kentucky | Registered: Aug 2005
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By the way, just in case everyone thinks I'm an Idiot...I was smart enough to get out of BCIT at .03 after getting in at .0011....not to shabby!
-------------------- any day above ground is a good day! Posts: 48 | From: Kentucky | Registered: Aug 2005
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The time he talks about a stock and people jump in immediately, thats like a pump. It might be a great stock but people get in because of him. He even says don't buy it because i said so, how more honest can he be. Tonights play was schwab that was down all day as much as .48,and finished down .07 but rebounded in AH right after he talked about it and finished up .20 > Cramers main picks at the beginning of the show almost always go up immediately, the ones during the lightning round are a different story.
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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cranmer dosent talk about penny stocks ! WHY?
-------------------- gotta make a grand AT LEAST daily man Posts: 928 | From: chicago | Registered: Sep 2005
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<Carvin Abuser>
unregistered
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Anybody could host his show. All he does is pick stocks that are up on positive news and talks about them the same night after they're already up. He's no better than any other analyst IMO.
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he got smoked other day think it was TXU stock dropped like a rock on earnings or sumptin
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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I just know that cramer has been pumpimg SIRI big time and it has been going up... plus if he is so bad ... why does everyone talk about him so much
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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posted
He is the same as most of us some good and some bad calls.
One major difference.
He gets to talk to a few million folks.
Same thing used to happen with a dude in cnbc years ago. Would come on talk about some stock and boom it would go up. ( dude was older and had glasses ) Forgot his name but he got in some kind of trouble for not disclosing or somthing.
Cramer has a disclaimer that he owns the stock show up on the screen as he speaks.
What was the dudes name from years ago?
[ November 02, 2005, 23:39: Message edited by: Bob Frey ]
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000
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all the rest are real unentertaining i know its not suppose to be entertaining but i dont like the way the present the news or whatever it is they are doing
-------------------- gotta make a grand AT LEAST daily man Posts: 928 | From: chicago | Registered: Sep 2005
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Bob, are you talkin about Kudlow?
