Anyone trust Jim Cramer's "Mad Money" recommendations?

[TheNinja]

Anyone? He has some good reasoning it appears, but half the time you can't even understand what he's trying to say.


BOOOYAH SKEE-DADDY!

 

[Zim Hosein]

Booyah TheNinja :beer:

Anyone trust Jim Cramer's "Mad Money" recommendations?

Yes

 

[JS80]

HOUSE OF PAIN

 

[Gibson486]

Half the time, he really does not make sense (you ask a question, he goes on and mentions something related to it, but never directly answers). However, people follow what he says, so it is like he his paid to hype his own stocks.....

 

[tweakmm]

I thought it was quite possibly one of the funniest moments on TV when he has the all call in episode and someone asked, "Why are you called the ski-daddy?" and Jim's reply was something along the lines of, "that is one of your business!!!!".

 

[Zim Hosein]

Originally posted by: Gibson486
Half the time, he really does not make sense (you ask a question, he goes on and mentions something related to it, but never directly answers). However, people follow what he says, so it is like he his paid to hype his own stocks.....

http://www.thestreet.com

 

[JLGatsby]

As someone well contected to the stock trading community, most experienced traders regard him, CNBC, and TheStreet as a joke.

 

[MikeyIs4Dcats]

that guys nuts but he is fascinating to watch....it's like watching a trainwreck, or wildebeasts having sex.

 

[talyn00]

Originally posted by: JLGatsby
As someone well contected to the stock trading community, most experienced traders regard him, CNBC, and TheStreet as a joke.

what's contected? And which experienced traders regard him, CNBC, and thestreet.com as a joke??

 

[Juice Box]

yeah...ive worked in a stock trading firm, and have seen what the traders do, and there was not a day that went by when CNBC was not on the TV

 

[Rudee]

He gets paid to hype stocks in his portfolio. That means when people act on his recommendations he makes money. Good work if you can get it.

 

[PingSpike]

Every time I'm flipping through channels and I hit that guys show, I stop and get hyponotised by his ranting. He seems completely insane.

 

[MikeyIs4Dcats]

Originally posted by: talyn00

Originally posted by: JLGatsby
As someone well contected to the stock trading community, most experienced traders regard him, CNBC, and TheStreet as a joke.

what's contected? And which experienced traders regard him, CNBC, and thestreet.com as a joke??

his imaginary stock trading friend Herbert told his that CNBC is for noobs.

 

[MageXX9]

I watch it as often as I can, the guy is amazing. I've heard several people call in and tell him that he made them LOTS of money, just by following his advice.

The stuff he knows about companies is amazing.

 

[zoiks]

He always looks like he's going to burst a lung or 2.

 

[Gibson486]

Originally posted by: talyn00

Originally posted by: JLGatsby
As someone well contected to the stock trading community, most experienced traders regard him, CNBC, and TheStreet as a joke.

what's contected? And which experienced traders regard him, CNBC, and thestreet.com as a joke??

Anyone who takes that stuff to the air would be regarded as a joke. You simply cannot say "this stock will go up....buy it" and expect to make a good amount of money.

 

[talyn00]

Originally posted by: Gibson486

Originally posted by: talyn00

Originally posted by: JLGatsby
As someone well contected to the stock trading community, most experienced traders regard him, CNBC, and TheStreet as a joke.

what's contected? And which experienced traders regard him, CNBC, and thestreet.com as a joke??

Anyone who takes that stuff to the air would be regarded as a joke. You simply cannot say "this stock will go up....buy it" and expect to make a good amount of money.

That show is particularly targetted toward beginner investors, I personally think his whole attitude is just to get people hyped and excited to buy stocks. The average person would be bored out of their minds if he didn't act so crazy.

 

[kermalou]

he is a millionaire and trades stocks only for his charitable foundation.

 

[MikeyIs4Dcats]

Originally posted by: Rudee
He gets paid to hype stocks in his portfolio. That means when people act on his recommendations he makes money. Good work if you can get it.

If you read the fine print, his trading activities are tightly controlled, and he is not allowed to buy or sell any of the stocks he hypes for a period (IIRC 30 days) before or after.

 

[Gibson486]

Originally posted by: talyn00

Originally posted by: Gibson486

Originally posted by: talyn00

Originally posted by: JLGatsby
As someone well contected to the stock trading community, most experienced traders regard him, CNBC, and TheStreet as a joke.

what's contected? And which experienced traders regard him, CNBC, and thestreet.com as a joke??

Anyone who takes that stuff to the air would be regarded as a joke. You simply cannot say "this stock will go up....buy it" and expect to make a good amount of money.

That show is particularly targetted toward beginner investors, I personally think his whole attitude is just to get people hyped and excited to buy stocks. The average person would be bored out of their minds if he didn't act so crazy.

Exactly, he has simplify everything so joe avg can understand. That's why people who work in the stock market regard him as a joke.

 

[Gibson486]

Originally posted by: MikeyIs4Dcats

Originally posted by: Rudee
He gets paid to hype stocks in his portfolio. That means when people act on his recommendations he makes money. Good work if you can get it.

If you read the fine print, his trading activities are tightly controlled, and he is not allowed to buy or sell any of the stocks he hypes for a period (IIRC 30 days) before or after.

that's why he buys before he hypes.....but that is irrelavent anyways since lots of the stuff he recommends is long term.....

 

[Rudee]

Originally posted by: MikeyIs4Dcats

Originally posted by: Rudee
He gets paid to hype stocks in his portfolio. That means when people act on his recommendations he makes money. Good work if you can get it.

If you read the fine print, his trading activities are tightly controlled, and he is not allowed to buy or sell any of the stocks he hypes for a period (IIRC 30 days) before or after.

He can still wait 30 days before running up a stock he owns. That's not a problem.

 

[yobarman]

I think he's great. I don't trade stocks or anything, but I enjoy his show. He makes a lot of good points and knows a lot about business, especially his episode that recommended people read 10K reports and listen to quarterly meetings and what not.

The day when i start investing a bit in the market, i will definately look into his advice.

 

[TheNinja]

Caller: "Hi Jim, by the way, I have your book and it's great"
Jim: "THE BOOK!!!!! Great!!!" (proceeds to hold the book up and then chuck it backwards over his shoulder)

Caller: "Ba-ba-ba-booooyah skeee-daddy"
Jim "THAT'S A STUTTERING BOOOYAH BACK AT YA!!!!"

 

[talyn00]

Originally posted by: Gibson486

Originally posted by: talyn00

Originally posted by: Gibson486

Originally posted by: talyn00

Originally posted by: JLGatsby
As someone well contected to the stock trading community, most experienced traders regard him, CNBC, and TheStreet as a joke.

what's contected? And which experienced traders regard him, CNBC, and thestreet.com as a joke??

Anyone who takes that stuff to the air would be regarded as a joke. You simply cannot say "this stock will go up....buy it" and expect to make a good amount of money.

That show is particularly targetted toward beginner investors, I personally think his whole attitude is just to get people hyped and excited to buy stocks. The average person would be bored out of their minds if he didn't act so crazy.

Exactly, he has simplify everything so joe avg can understand. That's why people who work in the stock market regard him as a joke.

He was pretty successful way before he got on TV and radio. Just cause a guy does a show that's slightly over the top doesn't make him into a joke.


Some of the fine print from thestreet.com

The Action Alerts PLUS Portfolio (the "Portfolio") contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. In March 2005, these investments were irrevocably conveyed to a Trust, the realized profits from which have been pledged to charity. Mr Cramer retains full investment discretion with respect to all securities contained in the Trust. ......

Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program, for five days following the broadcast.