View Full Version : Kramer on the Emerging Energy Rollover
Dan Mezick
10-12-2005, 11:14 PM
Energy stocks are taking it on the chin lately.
Gee, I wonder if Kramer is short?? NOT
Sample of Kramer's Rants
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Buy it Now!! (https://secure2.thestreet.com/cap/login/rm_mbp_yhoo_loeb-v2.jsp?nosummary=yes&cm_ven=YAHOO&cm_cat=PREMIUM&c m_ite=003190&flowid=443073db98&url=http%3A%2F%2Fww w.thestreet.com%2Fp%2F_yahoo%2Frmoney%2Fjamesjcram er%2F10246414.html)
XLE Energy Spider Chart (http://stockcharts.com/def/servlet/SC.web?c=XLE)
Buy it Today !! (https://secure2.thestreet.com/cap/login/rm_mbp_yhoo_loeb-v1.jsp?nosummary=yes&cm_ven=YAHOO&cm_cat=PREMIUM&c m_ite=003190&flowid=51ee0818b1&url=http%3A%2F%2Fww w.thestreet.com%2Fp%2F_yahoo%2Frmoney%2Fjamesjcram er%2F10246163.html)
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Uranium Rants
Buy lots of Uranium producers too !! These are energy stocks after all!! (http://www.thestreet.com/_yahoo/funds/madmoneywrap/10247053.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA)
Chart of Uranium producer CCJ (http://stockcharts.com/def/servlet/SC.web?c=CCJ)
Jimmy seems panicky.
Sniper
10-13-2005, 12:04 AM
Cramer's 10/11 (Tuesday) Real Money Radio Show (http://www.thestreet.com/audiowaxgen/waxFile.jsp?clip=cramer101105.wax) ... hear his take on oil stocks in his own words!
Dan Mezick
10-19-2005, 09:49 AM
Cramer is a great contrary indicator these days.
Seems he's buying into his own BS on a daily basis.
He may have reversed his position, and is be likely short energy now.
The tell:
Oil Stocks Need Recovery Time (10/19)
By James Cramer
About this article:
Exxon looks like the bad-hands stock after a 25 million-share block caused big damage. We have to assume that seller will be back this session, selling more shares. These stocks need time to recover, so buy them at these low levels only if you can wait.
Sniper
10-19-2005, 11:29 AM
Dan,
Do you have an Action Alert Plus or Realmoney subscription?
(or are you just trying to interpret the headers?)
Remember Cramer was a hedge fund trader, he's likely to change his opinion from minute to minute /images/graemlins/wink.gif
[ QUOTE ]
Remember Cramer was a hedge fund trader, he's likely to change his opinion from minute to minute /images/graemlins/wink.gif
[/ QUOTE ]
Being off his meds doesn't help either /images/graemlins/wink.gif
wildwood
10-20-2005, 12:09 AM
Look at the big picture. This is a commodities bull market that started in 1999. The shortest one using data all the way back to 1823 was 17 years in duration (not opinion but fact). Matt Simmons (author of "Peak Oil") theories are now being accepted as mainstream. Matt will bet anyone 5,000 dollars that oil will sell at $200 per barrel by the year 2010. So if this is a long term bull, correct strategy is buy all the dips. But the majority get scared on the shakeouts and sell so they lose. This is not investment advice, do your own diligence.
P.S. I rarely watch Kramer; he's in your face entertainment, but I don't believe he's taking positions opposite of those he's recommending. If he is, he's a fool because he's putting his entire income stream in jeopardy and possibly risking jailtime. The SEC could also ban him from all trading. It's happened before. Kramer's not stupid.
[ QUOTE ]
Look at the big picture. This is a commodities bull market that started in 1999. The shortest one using data all the way back to 1823 was 17 years in duration (not opinion but fact).
[/ QUOTE ]
How long were they before 1823?
wildwood
10-20-2005, 03:10 PM
I'll refer you to "The Great Wave", Price revolutions and the rhythms of history by David Hackett Fischer
So you're saying the data before 1823 doesn't support your assertion?
wildwood
10-20-2005, 07:29 PM
I didn't say anything at all about data before 1823.
Exactly. Instead of answering a simple question you refer me to the book. So I was asking if that implies that the data from pre-1823 doe not support your viewpoint. Either way, since you have the book you could have just answered the question.
wildwood
10-21-2005, 01:33 PM
tek,
You're making some incorrect assumptions in your replies to my posts. Your question is not simple. The period prior to 1823 is basically the 13 original colonies. I'm not sure good historical data is available for that period for stock and commodity markets. At least I've never seen it. You are welcome to do the reading and work and research and post your results here. The book I referenced talks about inflation and prices going all the way back to the ancient roman period based on available historical information.
No more questions please. This has been a complete waste of my time.
[ QUOTE ]
Your question is not simple. The period prior to 1823 is basically the 13 original colonies. I'm not sure good historical data is available for that period for stock and commodity markets. The book I referenced talks about inflation and prices going all the way back to the ancient roman period based on available historical information.
No more questions please. This has been a complete waste of my time.
[/ QUOTE ]
Your replies have been a humerous waste of time. First you say that data going back from 1823 to the mid 1700's is hard to come by. You then immediately say that your book "...referenced talks about inflation and prices going all the way back to the ancient roman period based on available historical information." /images/graemlins/confused.gif
/images/graemlins/grin.gif
lastsamurai
10-23-2005, 03:24 AM
http://www.seinfeld-fan.net/pictures/kramer/kramer027.jpg
Hellllo neuman
[ QUOTE ]
Cramer is a great contrary indicator these days.
Seems he's buying into his own BS on a daily basis.
He may have reversed his position, and is be likely short energy now.
The tell:
Oil Stocks Need Recovery Time (10/19)
By James Cramer
About this article:
Exxon looks like the bad-hands stock after a 25 million-share block caused big damage. We have to assume that seller will be back this session, selling more shares. These stocks need time to recover, so buy them at these low levels only if you can wait.
[/ QUOTE ]
just to clear up a couple of points.
1. Cramer is a bull. legally, he can only buy stocks, he can't short (sell what he doesn't own).
2. oil does not equal energy, although recent runup in oil did push energy stocks up, energy exposure is not necessarily oil.
3. IMO, in general, you don't want to sell energy going into a winter. what cramer meant could be interpreted long or short term, i don't know what he meant. i do however would keep energy (electric and gas) and utilities at least until the winter. at the first hint of a bad winter, energy should go up on speculation. moreover, because of higher gas (gasoline and natural) prices, revenues from winter heating bills are expected to be something like 25%+ higher.
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