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#21
08-29-2005, 01:43 AM
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Re: Fess up people. Who likes Cramer\'s Mad Money?
[ QUOTE ]
dont any of you know that his hedge fund absolutely dominated? also, hes called the big crashes and gotten out into cash and been there to put it all back in at the bottom hes got something working right i think his picks are fine, he doesnt just say buy whats rising, but he knows when whats low is going lower, i wish id listened to him about cisco [/ QUOTE ] Now, he might have done better when he was running his hedge fund and front running CNBC stories. But since then, Cramer's picks are no better than flipping a coin. 
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#22
08-29-2005, 01:55 AM
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Re: Fess up people. Who likes Cramer\'s Mad Money?
bit short term to make judgements
and he has stronger ratings for some of the stocks that have done better, he doesnt pick them all equally if you see where im going with this dicks really was bad, thats the main point against him, i dont see anything else
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#23
08-29-2005, 08:29 AM
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Re: Fess up people. Who likes Cramer\'s Mad Money?
Cramer is a complete joke. His show is more entertainment than actually giving stock advice. His advice is so general it's like a psychic giving a prediction. The last show I caught he was recommending big pharma stocks because of the new drugs in the pipeline - no big secret and was already priced into the stocks value.
If he had any juice he'd be running a huge hedge fund.
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#24
08-29-2005, 12:47 PM
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Re: Fess up people. Who likes Cramer\'s Mad Money?
[ QUOTE ]
If he had any juice he'd be running a huge hedge fund. [/ QUOTE ] He ran a hedge fund for quite some time... read his book, if you want insight into why he bailed!
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#26
08-30-2005, 10:08 AM
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Re: Fess up people. Who likes Cramer\'s Mad Money?
how long?
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#27
08-30-2005, 10:11 AM
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Re: Fess up people. Who likes Cramer\'s Mad Money?
I'll caveat my response in that I didn't read his book but I did learn that his fund was never greater than $500MM. In the hedge fund world this is a small fund, successful guys run funds in the multi-billions of $$$. If you can consistently deliver non-correlated returns of over 12%, the money will come to you and you will be managing billions of $$$ and have a staff doing all the heavy lifting. There is serious money to be made at that level.
So on circumstantial evidence alone, based on his lack of a large fund and his lightweight show which overstates the obvious and is heavy on the theatrics - Cramer did not have a successful track record.
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#30
08-31-2005, 09:03 AM
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Re: Fess up people. Who likes Cramer\'s Mad Money?
I read his book. It was imbecilic self-gratification on a momunmental scale. I thought he made it quite clear, that wthout knowledge of order flow he couldn't get laid in a women's prison with a fist full of pardons.
Running a hedge fund? Are you freaking nuts? Scalping quarters out of 10K share NASDAQ orders is what many of his fans find to be a well-spent ten minutes. Thanks for the liquidity and for keeping the charts in order, guys. You are freaking wizards. Cramer couldn't get a job washing my car.
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