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The Jim Cramer (Mad Money) Effect?

T

TheNinja

Lifer
So yesterday he's at Harvard doing his tour of schools or something. Anyway he recommend BKHM.

Yesterday's close: 6.96
Today's open: 8.40
Today's close: 7.80
After Hours: 7.23

Did everyone just jump on this stock b/c Jim Cramer pimped it for about 10 minutes?

BBB
Yesterday close: 26.50
Today open: 29.35
 
In the investment world, people that jump on stocks based on other peoples recommendations are called "Sheep". Always do your own homework.
 
Yes, Cramer now moves stock with his recommendation on Mad Money and his radio show.

It's scary and very troubling. I bet you anything that his buddies at Rocker Partners Hedgefund are profitting by buying and selling with advance notice. David Rocker is the biggest shareholder of TheStreet.com stock (TSCM), the company Cramer founded. Of course Cramer's law school buddy Spitzer won't investigate him since they're friends.
 
He got into trouble for pumping and dumping in the '90's. That's why all stock analysts have to disclose whether they hold a stock when they are discussing it.
 
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