I read this positive article about Jim Cramer's show and I just shook my head. I really don't get it.
One thing I wonder is how many viewers take his buy or sell advice when he offers an opinion on the occasional stock he does not know. Think about that for a moment. For example I know zero about SurModics (SRDX). You buying this stock because I might like chemicals seems reckless.
I must be an island though.
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11 comments:
I stopped tuning into Jim's Mad Money Show when he told viewers to buy more stock after it goes down in price. I know, I know, if you liked the stock at $50 why not like it at $40?
I stopped listening to Jim Cramer after he told people to buy more of stock after it went down. I understand his thinking but I feel better when my stocks go up.
Who can stand his screaming for 60 minutes? His tips are based on what? Many of the stocks are strictly for upper income.
He does know about a few things and is bright as hell, but track record based on recommendations with no entry point or exit point???
It's a 60 minute show but he can't tell you everything. You have to use your brain. His style is "annoying."
No doubt Cramer is a polarizing figure. However, he's very smart, has an actual track record running money, and does sometimes admit his mistakes. Would you rather watch an hour of Joe Battapaglia?(or Ned Riley?)
To the most recent comment. I would suggest to anyone to do what you can to get CNBC World and watch Asian Squawk Box instead.
I used to be an ardent follower of Mad Money show. Not anymore. Jim's intentions are questionable. Smart but amoral. He has stated himself that "morals" don't apply in the financial game - only legality. He is overconfident of his picks. His MM track record is weak even though he previously made big money at his hedge fund. These guys are SHARKS. Do people really think that will change just because he has a show? Sheep always want to be led...even to slaughter.
Cramer, and for that matter, the Fast Money boys and others on CNBC, are shameless charlatans. They only offer the same action that Las Vegas does, except you get more entertainment value in Vegas.
Cramer...[sigh]...waffling on Microsoft again http://www.stocktagger.com/2007/07/jim-cramer-microsoft-corporation-msft.html
Here's some more evidence of his incompetence. "Bear Stearns is fine...don't move your money from Bear. That's just silly." Please.
http://www.liveleak.com/view?i=2b7_1205751955
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