LANaturist (99.39)

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Cramer's dogs are bigger dogs now

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August 16, 2011 – Comments (9) | RELATED TICKERS: MWW , JNS , ANR

I like saving Cramer's 'Mad Money' program each evening and then watching them after a few weeks to see how his predictions have done.

On his July 11th show he talked about how he and his researchers had researched the 15 worst stocks in the S&P 500 for the first half of the year. Then he recommended his top three picks for stocks that he thought were the best of the breed and had good outlooks. Turns out he was wrong on all three.

The first was Monster Worldwide ( MWW ) that closed on July 11th @ $13.93. It closed today @ $8.53 and hit a 52 week low on 8/11 of $8.31.

The next was Janus Capital Group ( JNS ) that closed o July 11th @ $9.16. It closed today @ $6.76 and hit a 52 week low on 8/11 of $6.47.

The stock he was pushing the most was Alpha Natural Resources ( ANR ) which closed on July 11th @ $43.25. It closed today at $32.17 and hit a 52 week low on 8/8 of $26.05.

Hope nobody took his advice that day.

9 Comments – Post Your Own

#1) On August 16, 2011 at 5:31 PM, chk999 (99.99) wrote:

Major kudos for checking up on Cramer.

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#2) On August 16, 2011 at 6:13 PM, miteycasey (99.88) wrote:

trackjimcreamer does all the work for you.

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#3) On August 16, 2011 at 6:40 PM, LANaturist (99.39) wrote:

I checked trackjimcramer and only see JNS on that date. Don't see MWW or ANR.

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#4) On August 16, 2011 at 6:48 PM, awallejr (84.46) wrote:

The problem is he simply makes too many picks and he is all over the market.

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#5) On August 16, 2011 at 8:58 PM, LANaturist (99.39) wrote:

@Awallejr: That is why July 11th was of particular interest to me. He spent two segments on these three stocks and giving his reasons why he thought they had been unduly punished during the first 6 months and why he thought they were going to rebound and were good stocks to hold.

It takes him a while to admit defeat. Just tonight he admitted that he had been wrong about Bank of America and that its prospects were dim and that it could return to its 2008/2009 lows because his researcher said there is no support level if it violates its recent lows.

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#6) On August 16, 2011 at 10:46 PM, Frankydontfailme (23.82) wrote:

Hehe, I remember the MWW call very well (even have it on my caps watchlist for that date).

Of course you understand that it's unfair to pick three picks he's messed up when he's gotten many right.... nonethless he did emphasize these picks.

I've learned to understand Mr. Cramer better. He's certainly fallible. I would not buy anything he recommends unless I've thoroughly researched it. Frankly he specifically says that each individual should do their own research and not buy his recs blindly. That being said he has some awful picks that joe schmos unfortunately buy.

Anyway, I like that he's a straight shooter. He calls it like he sees it. He's a bit of a moron, and a bit of a genius, but mostly a moron. Take it or leave it.

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#7) On August 16, 2011 at 10:53 PM, mjmac89 (< 20) wrote:

I'm not one to defend Cramer, but I think a lot of stocks hit 52-week lows on 8/8 or 8/11. We haven't exactly had the best month since this July 11th show.

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#8) On August 16, 2011 at 11:07 PM, TruffelPig (< 20) wrote:

Cramer is right with a lot of stuff. All experts can get stuff wrong. Including me. Lol. I think it is irrelevant that the stocks have performed badly short-term - I would look a year or so later and see what happened. The question is whether the main thesis did come true eventually of not. The fluctuations in the market right now I do not think anyone saw coming except the doom sayers (but they ALWAYS say doom is coming so that they look good whenever doom happens - when the sun shines and stocks go up we forget about their aweful predictions).

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#9) On August 17, 2011 at 12:16 AM, awallejr (84.46) wrote:

Well I actually do like his personality. He is witty and funny. But when it comes to investing people don't want humor when they lose money. I like him but hate his show's format. I hate Kudlow but like his show's format.

Cramer thinks in terms of nano seconds. So if you bought a stock while he was pumping it, but missed his show when he said dump it, well you lose. Of course he throws all the usual disclaimers out there. But he really misses the point of what Jon Stewart was trying to make when he made a total fool out of Cramer during the 2008 crash.

It isn't about him, it is about if you have all that experience where was he warning people BEFORE the crashes. He wasn't. He was telling you to buy and then threw up his hands and said don't invest money you need to live on. Well duh, that should be a given during any scenario. But he uses it as an out saying he now told people to sell before the crash. Except he didn't.

I just hate his hypocricy. He has this strong need to prove he is mostly right when all he is is a three ring circus costing people money in the long run.

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