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June 18, 2009 – Comments (3)

I just got done doing some research on various tech stocks after hearing Cramer talk about 3G network on his show, came up on RFMD and looked on the mesage boards...."Cramer has an agenda w his hedge fund buddies" or "Typical Cramer pump and dump" etc. This guy has made some horrendous calls in the past and will continue to do so. However, I do watch his show and have to say he does get it right a lot more often than he gets wrong. I think people need to take a step back and realize that his show not only entertains, but educates. I will be the first to acknowledge that when I first got into the market, I was horrendous making some idiotic mistakes. I learned from them quickly with the help of reading up and doing my dd. I am not ashamed to say that I have read his books and gained a lot. His TV show is enjoyable and provides insight. A lot of the blogs I read always have a comment about him, most;y negative blaming him for losing some money... Here is an idea: Have a diverse portfolio and do not put all your eggs in 1 stock. Try his basket theory when he did the tech basket- up about 10% (one stock up 29%, not one lost money).

Should we be surprised that many of us blame one person instead of taking some responsiblility when we lose money on a certain stock? Prob not- we are the new America- the one where it is never my fault, but someone elses.

Grow some balls, let the world know when Cramer screws up, however, let the world know when he does well....

3 Comments – Post Your Own

#1) On June 18, 2009 at 10:40 PM, awallejr (58.75) wrote:

I would never say Cramer is not knowledgeable about the market.  I just submit his has a personal agenda and it isn't to entertain and educate.  It is to make money off his show, books and newsletters.  I also honestly think he doesn't remember half the things he says.  Just recently he was shunning the pharma stocks saying how Obama will hurt them.  He pushed energy/banking, and when they got pummeled hard this week he starts singing praises about the pharma stocks.  It's just mindboggling.  He gets you into positions then will flip on you literally the next week.

I generally try to catch Fast Money, tho I miss Dylan.  So out of morbid curiosity I watch Cramer's opening.  I am forcing myself not to do that anymore.

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#2) On June 19, 2009 at 11:34 PM, Roto1177 (79.79) wrote:

Thanks for the response- agree w you totally about Dylan...I find Melissa Lee pretty hot though!!

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#3) On August 20, 2009 at 9:21 AM, Calinvestments (95.35) wrote:

Jim Cramer's show is entertaining to many and he may mean well, but people should not make investment decesions based on his show. 

 When push comes to shove, his CAPS score is <20.

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