Verdict is in: Jim Cramer & Street.com (SEM) were wrong. Varchild (GAME) right!
Can I say it now? can I can I can I can I? Huh Huh Huh???? I think the verdict is in!!
Both on TheStreet.com and on Jim Cramer's Mad Money, Jim Cramer told people to just dive in and buy shares of Select Med cause it is going to perform like all of the other *hot* stocks in the sector.
Ya know what I say to that? A better recommendation would have been to just IGNORE Select Med and BUY all of the other *hot* stocks in the sector. I can't say that Jim Cramer did or did not disclose to his audience members that Select Medical is in BIG DEBT.
I can't say that cause I don't remember if he did or did not. How many investors knew of (SEM)'s debt troubles before buying shares of SEM on IPO day...enjoying the Jim Cramer SPIKE in share price only to see the stock slugg and slugg along day in and day?
Last glance the share price is starting to slip to the MID 9 handle. Down 20 cents today, 1 cent last Friday....
Instead of an apology or acknowledgement that maybe getting excited over (MED) was TOO EARLY???? Maybe audience members should have been told to look elsewhere within that sector or to wait for an Earnings Report first??? A Conference Call????
Jim Cramer does need to acknowledge that his choice to get people all riled up and excited over (SEM) versus the other stocks that debuted on the same day (GAME), (VITC), is incredibly naieve on his part..... Amateurish at least...
Then to send out a clueless DUD of an analyst in Business Clothes to sit in front of a T.V. Camera in a *mock* interview to *TRASH* (GAME) as an investment really took the cake for TheStreet.com as an amateruish move.
It clearly looked to me like "TheStreet.com" follows Motley Fool and may have ran across all of the positive remarks on GAME and felt the need to TRASH GAME in the face of seeing SEM turn into a bad investment decision. A CYA moment for both JIM CRAMER and TheStreet.com.
Varchild says that you can not invest based on any analyst's opinions. Not even MOTELY FOOL (CAPS) is a good way to invest.....Proof that Motely Fool CAPS doesn't work? (WHR) <------
So.... RELY ON YOURSELF!!!!!! NOT ON (VARCHILD) or anyone else for that matter....
I'll voice my opinions here like any other person will on their BLOGs.... But, I want people to do some research.
If I say (GAME) is superior buy on IPO day than (SEM)....and recommend WIDE BUYing the (GAME) stock..... Then compare the 2 and tell yourself which one going forward has more promising share price action versus the S&P 500?
If today's performance holds out....and SEM trades SOUTH today....SEM will be headed back into the (RED) against S&P 500....while GAME continues to outperform it.