Jim Cramer

[IHateMyJob2004]

Originally posted by: JoeFahey1

Originally posted by: KuJaX
He has made and lost more money in the last 5 years than most people can even dream of.

You have to respect this guy though! He came from NOTHING in Jersey. He lived out of his car in his younger years. And he worked his way up to where he is now! RICH!

I do not respect anyone that provides a disservice to non-savvy investors. I imagine his viewership akin to the same people buying lottery tickets every week. No real investor pays attention to him.

 

[IHateMyJob2004]

Originally posted by: conehead433
Cramer is strictly a pump and dumper. He hypes stocks his fund owns, bashes the one's his fund shorts, etc. Use his show as a contrarian indicator and you can make some money. After he pumps something expect it to get a little immediate pop. Wait for it to go up and then short it.

Is that what hte FTC is after him about?

 

[Noirish]

when LVLT had a 15% jump to about $5.50 or so, he said it's going to $7. the very next day, it tanked 7-8%, and it's almost flat today.

it works pretty well on small stocks though.

 

[TheNinja]

Originally posted by: IHateMyJob2004

Originally posted by: MrBond
I've actually heard there's sort of a "Cramer Effect" now because of his show. After being mentioned, the stock will jump, then drop off as everyone sells it.

It's not true. That guy, on par, underperforms the markets. You can find web sites that track him. He's not that special.

Fund managers don't listen to him for a reason.

It's very true for some stocks. If you look back on the stocks he mentions in his opening segment, that stock will be up 5-8% the next day. Of course only those professionals trading after hours get any benefit from it. But regardless the opening price the next day is 5-8% up and then it tends to peter down to about 3-5% for the day as people start to sell off. It's a fact.

 

[flot]

Originally posted by: Taggart
I don't want to sit through the whole show. Go here for a recap, including all the stocks he is bullish or bearish on:

http://www.thecramerreport.com/

Hey, thanks for that link, very helpful. My dad called and wanted me to check out something he talked about on his show yesterday and I missed it.

 

[sunase]

Originally posted by: conehead433
Cramer is strictly a pump and dumper. He hypes stocks his fund owns, bashes the one's his fund shorts, etc.

I was paging through his book the other day. He mentioned several things he does to prevent himself from taking advantage of his own pop. Holds everything for at least a month and won't trade a stock he mentions for a certain period of time or something like that. It also sounded like he didn't run the hedge fund anymore.

 

[cwdegood]

BOOOO YAAAAAHHH!!!!!!!!!!!!!!!!!!!!

 

[BuMMiE]

Originally posted by: conehead433
Cramer is strictly a pump and dumper. He hypes stocks his fund owns, bashes the one's his fund shorts, etc. Use his show as a contrarian indicator and you can make some money. After he pumps something expect it to get a little immediate pop. Wait for it to go up and then short it.

Actually...Jim Cramer no longer runs a hedge fund (or any fund) and the only stocks he owns is in his Charitable portfolio. He invests with his own money and then donates all that he makes to charities. I'd say that around 95% of the time he features a stock that he doesn't have in his portfolio. He also tells people that he doesn't like a certain stock even if it is owned in his portfolio. I know I sound like a fanboy, but I'm just defending an innocent man.

BTW: I wouldn't short stocks that he features on his show. Look at REDF. Most people probably did that and shorted when it hit $22 in late January with a buy to cover price of 19 or so. If you look in early Feb, there was a huge jump (I'm guessing short squeeze) to almost $34.

 

[Inspector Jihad]

i think that he gets all this just cause he's on speed when he does his show...a lot of my family on my dads side in in finance and they all do really well. He just feeds the masses who dont really know much about the subject, which isnt a bad thing, but it doesnt make him the authority on the subject as some people would think

 

[tweakmm]

Originally posted by: BuMMiE

Originally posted by: conehead433
the only stocks he owns is in his Charitable portfolio.

Look, everybody keeps saying this and it's quite impossible to say with any certainty. Any invester with half a brain and a decent bankroll is gonna have money hidden overseas.

 

[BuMMiE]

Originally posted by: tweakmm

Originally posted by: BuMMiE

Originally posted by: conehead433
the only stocks he owns is in his Charitable portfolio.

Look, everybody keeps saying this and it's quite impossible to say with any certainty. Any invester with half a brain and a decent bankroll is gonna have money hidden overseas.

Cramer claims that he doesn't own any stocks for himself. Could he be lying? Of course! But I'm sure he's been investigated very thoroughly and as of right now they haven't found otherwise. You can think otherwise, but I'm not going to accuse someone for something that they haven't been proven guilty for.