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.

It's hit or miss like anything.

He is a knowledgable guy, and you can learn from watching him nonetheless.

I've always thought he's a worthless windbag....

Yeah, you can LEARN, but you wont make money following his recommendations, in fact you will LOSE. He has the ability to pump a stock up, because all the beginner investors who watch his show jump on his boat right away.

To make money, you need to trade on information BEFORE it is available to the public. The only people who make money on his recommendations are people who own his stock before he makes mention of it, or people who trade against his recommendation after the hype hits.

I wish I was friends with him, I'd give him a list of stocks to mention on the show.

He's right more of the time then he is wrong. :2 cents:

Jim Cramer flat out is not very knowledgeable. This is the same guy that said that the DOW would hit 100,000 back in 2000, the guy that said oil would be back at 30-35 18 months ago. He's an idiot

How can you tell he is right?
Whatever he recommends, will go up.