Jim Cramer

[Zygote]

My dad loves this guy and just bought his book. I truthfully only watched his show today for the first time and definitely found him to be an interesting guy. I am not, however, a stock market expert, but am soon looking to thoroughly delve into this field.

Basically what i want to know is would you guys recommend his book or his advice?

[DVO]

stay far, far away.
he's a good salesman and lousy stock picker.
was hyping tech stocks at their peak...just a momentum guy.

[Martin]

Cramer borders on being a contrarian indicator.
Stay away from his stock picks.
Some people are even starting to joke that he is a pump and dumper.

[player24]

This note was on Cramer's subscription only website today (yes, I subscribe). Anyone looking for an entry level job?

Random musings: If you love following stocks as much as I do and want to help me help people make money, you're someone I need. I'm looking for a research assistant based in the New York Metro area to help me out. Please send your resumé and cover letter to resasst@gmail.com.

[laserboy]

Cramer Stock Picks from 2000 (http://www.thestreet.com/funds/smarter/891820.html)

[ QUOTE ]

You want winners? You want me to put my Cramer Berkowitz hedge fund hat on and just discuss what my fund is buying today to try to make money tomorrow and the next day and the next? You want my top 10 stocks for who is going to make it in the New World? You know what? I am going to give them to you. Right here. Right now.


OK. Here goes. Write them down -- no handouts here!: 724 Solutions (SVNX:Nasdaq - news), Ariba (ARBA:Nasdaq - news), Digital Island (ISLD:Nasdaq - news), Exodus (EXDS:Nasdaq - news), InfoSpace.com (INSP:Nasdaq - news), Inktomi (INKT:Nasdaq - news), Mercury Interactive (MERQ:Nasdaq - news), Sonera (SNRA:Nasdaq - news), VeriSign (VRSN:Nasdaq - news) and Veritas Software (VRTS:Nasdaq - news).


[/ QUOTE ]

[Martin]

[ QUOTE ]

Cramer Stock Picks from 2000


[/ QUOTE ]
He has a very short term view. I'm not going to take the trouble to check if any of those were up in the month after he mentioned them. It is however common knowledge as to how they performed for the next few years. I guess the fact that he is no longer in the hedge fund business is proof enough. Well that's what he says anyway. Personally I think the hedge funds make a lot of money shorting any stock he reccomends /images/graemlins/smile.gif

[astroglide]

there's a guy at my office that seems to do well, and he basically takes some sort of newsletter subscription thing from cramer verbatim. probably exits quickly though.

[Beavis68]

[ QUOTE ]
there's a guy at my office that seems to do well, and he basically takes some sort of newsletter subscription thing from cramer verbatim. probably exits quickly though.

[/ QUOTE ]

I have listenend to cramer for years. The guy has a great sense of the market, he does a lot of trading. He is not a buy and hold guy.

His books are good, but if you listen to his show everyday on the radio, no need to get YOU GOT SCREWED

You can listen to his radio show for free on his site.

[RedManPlus]

He's a good example of someone...
Who thinks outside the box.

For that reason alone...
He's worth watching.

But he failed as a fund manager...
And has made all his money with his MOUTH.

His stock picks and market forcasts mean zilch...
Because there are only 2 ways...
To make money in the financial markets:

(1) Risk Arbitrage
(2) Inside Information

rm+

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[meow_meow]

[ QUOTE ]
He's a good example of someone...
Who thinks outside the box.


Because there are only 2 ways...
To make money in the financial markets:

(1) Risk Arbitrage
(2) Inside Information


[/ QUOTE ]

I sometimes watch "mad money" just for the energy he puts out. Problem is that he will offer an opinion on basically any one of about 3000 companies - most of the market. There is no way he knows enough about any more than 10% of these to provide useful insight.

On that second point (only 2 ways to make money), I'm not sure what you mean, given that simply buying and holding the market has consistantly made money previously, and requires zero effort. Also, I think you are making the assumption that the markets are perfectly rational, which is way off base, especially for small/micro caps.

[RedManPlus]

[ QUOTE ]

I sometimes watch "mad money" just for the energy he puts out. Problem is that he will offer an opinion on basically any one of about 3000 companies - most of the market. There is no way he knows enough about any more than 10% of these to provide useful insight.

[/ QUOTE ]

I like Cramer... but he is an entertainer.

[ QUOTE ]

On that second point (only 2 ways to make money), I'm not sure what you mean, given that simply buying and holding the market has consistantly made money previously, and requires zero effort. Also, I think you are making the assumption that the markets are perfectly rational, which is way off base, especially for small/micro caps.

[/ QUOTE ]

I mean there only 2 way to OUTPERFORM the market.

And I did not make the assumption you implied.
** NO ONE ** one thinks that markets are "rational".

Rather...
Many people believe that markets are "efficient"...
Meaning that the price already incorporates all available information.

Perfectly efficient for large cap stocks and commodities...
But only ** long term efficient ** for illiquid stocks and exotic securities.

Actually...
I have been successfully trading illiquid bond-like securities...
For over 10 years now.
(I averaged 90 trades/day in 2004).

Each stock in the 300 stock universe that I track...
Is priced efficiently long term...
But often becomes mispriced for a few days...
Due to a variety of factors.

Also...
Illegal insider trading is rampant...

But there is a 2nd form of "insider trading".

The pros and specialists and dealers...
Who are very close to the market...
Can be considered "legal insider traders"...
Because they get a lot of information minutes/hours before you can.

That's why "stock-picking" doesn't work.
And 90% of broker commercials are a CON.
Because your competition...
Is both legal and illegal insider traders.

rm+

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