GoFuckYourself.com - Adult Webmaster Forum - View Single Post

Biggy2 · 04-26-2005, 10:47 AM

people posted a while ago about how great his show was.

I was a believer, but recently I think his show is garbage. He has too profound an effect on the stocks he actively covers. He's fucked up a bunch of big calls lately like AAPL, etc.

Most recently, its been SUP and BYD. He brought up how SUP had 1/3 of its shares sold, and got overly optimistic on it. The next day, the stock jumped 2 points, since then, its down 6. The conference call on Friday I listened to live and it was a lot different when he had the CEO on a couple of weeks ago, the stock dropped 5% after the conference call.

Within the last 48 hours, I really see whats going on. He had the CEO of BYD on last night, and after he answered questions Cramer reiterated what a great stock it was. Although it may be a good stock - I know first hand it is, I have been to the Borgata many times, there is absolutely no other reason for the stock to be up 5 points today other than the hype he created (unless I missed a conference call, readjusted earnings estimate, etc). Even if the stock does grow, it wont be suffice to support the gain today. I'm shorting the stock at the end of the trading day.

Someone like Spitzer should look into his show, although Cramer does make disclosures if he owns the stock or not, many of the people who watch his show are beginners and don't realize he is the direct benefactor of the stocks he pumps up - he actively said yesterday he owns BYD.

For other watchers, what do you think?

I think you can make money off of his show, by listening to his recommendations, and seeing if where the stock goes from his hype is where it should really be.

04-26-2005, 10:47 AM
Biggy2 Confirmed User Join Date: Feb 2002 Posts: 1,821	Jim Cramer's Mad Money people posted a while ago about how great his show was. I was a believer, but recently I think his show is garbage. He has too profound an effect on the stocks he actively covers. He's fucked up a bunch of big calls lately like AAPL, etc. Most recently, its been SUP and BYD. He brought up how SUP had 1/3 of its shares sold, and got overly optimistic on it. The next day, the stock jumped 2 points, since then, its down 6. The conference call on Friday I listened to live and it was a lot different when he had the CEO on a couple of weeks ago, the stock dropped 5% after the conference call. Within the last 48 hours, I really see whats going on. He had the CEO of BYD on last night, and after he answered questions Cramer reiterated what a great stock it was. Although it may be a good stock - I know first hand it is, I have been to the Borgata many times, there is absolutely no other reason for the stock to be up 5 points today other than the hype he created (unless I missed a conference call, readjusted earnings estimate, etc). Even if the stock does grow, it wont be suffice to support the gain today. I'm shorting the stock at the end of the trading day. Someone like Spitzer should look into his show, although Cramer does make disclosures if he owns the stock or not, many of the people who watch his show are beginners and don't realize he is the direct benefactor of the stocks he pumps up - he actively said yesterday he owns BYD. For other watchers, what do you think? I think you can make money off of his show, by listening to his recommendations, and seeing if where the stock goes from his hype is where it should really be.