Jim Cramer and his stock advice

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  • clickhappy
    Confirmed User
    • Mar 2004
    • 4027

    #1

    Jim Cramer and his stock advice

    http://finance.yahoo.com/q?s=goog

    I sold my Google stock at 280 because he said it would stall and dip down, then rise back up again.

    I lost almost $2k because I followed his advice
  • Mako
    Confirmed User
    • Jul 2004
    • 1986

    #2
    He's a clown. I've warned GFYers constantly about his nonsense and total lack of background or experience to be offering the level of advice he does at a national level, but few listen. Baaaaa go the sheep.

    If you do some background on him you'll find that he married well, and that's the reason his portfolio stands where it does today in terms of dollar value. Along with typical porn-like subsciber newsletters, his own "Top Picks" site subscriptions, his CNBC payroll, and his books.

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    • clickhappy
      Confirmed User
      • Mar 2004
      • 4027

      #3
      Originally posted by Mako
      He's a clown. I've warned GFYers constantly about his nonsense and total lack of background or experience to be offering the level of advice he does at a national level, but few listen. Baaaaa go the sheep.

      If you do some background on him you'll find that he married well, and that's the reason his portfolio stands where it does today in terms of dollar value. Along with typical porn-like subsciber newsletters, his own "Top Picks" site subscriptions, his CNBC payroll, and his books.
      I didnt know that.
      Im not listening to him anymore or anyone.
      Now that I think about it Ive never gotten good stock advice in my life lol.
      Im going to go with my gut from now on. I have a feeling that Google will keep going up and up

      Comment

      • clickhappy
        Confirmed User
        • Mar 2004
        • 4027

        #4
        My God, look at the volume
        http://finance.yahoo.com/q/bc?s=GOOG&t=1d

        Comment

        • thewebgarage
          Confirmed User
          • Sep 2002
          • 1002

          #5
          timing the market is gambling. You should call Krammer and call him on it. I love google but jezz didnt we learn anything from the dotcom bomb a few years ago.

          Me any my buddy always win in vegas. Doesnt mean you should go gambling with me.
          Big Boob trades icq 265907826

          Comment

          • cjaccardi
            Confirmed User
            • Feb 2005
            • 406

            #6
            actually Jim Cramer use to be one of the top brokers in the country so I dont know what you are talking about his lack of background or experience

            Comment

            • JJ Gold
              Confirmed User
              • Aug 2004
              • 1969

              #7
              Cramer made a ton of money for Goldman Sachs. However, he used some questionable tactics.

              Today he serves as a great contrarian indicator. Do the opposite and you will clean up.

              Comment

              • bDok
                Confirmed User
                • Feb 2005
                • 1917

                #8
                Originally posted by JJ Gold
                Cramer made a ton of money for Goldman Sachs. However, he used some questionable tactics.

                Today he serves as a great contrarian indicator. Do the opposite and you will clean up.
                kinda funny how today cramer was going coo coo over google. saying how it will hit 350. like someone said up above timing the market is very hard to do. you should have just held on because you most likely paid %%% for capital gains on the profit you took.



                i'm personally getting in on some options and buynig a couple calls 6 months a year out.

                =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
                Warriors come out to plaAAaayyy!
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                • FilthyRob
                  Confirmed User
                  • Feb 2004
                  • 6741

                  #9
                  sounds like you just caught a bad break
                  AKA - Clubsexy

                  Comment

                  • sacX
                    Confirmed User
                    • Dec 2002
                    • 2998

                    #10
                    Cramer has made a killing in oil in the last 12 months.. he also never suggested buying google in his online portfolio, he may have suggested selling it on TV but you have to understand that if you're going to *trade* a stock like google it's much riskier than just holding it.. (because really in the very short term stocks can go anywhere)...

                    To reap the larger rewards of investing in stocks you take on larger risk, and if you're going to trade (like the suggestion was, sell then buy lower) that's even riskier..

                    You shouldn't judge Cramer on this one call without understanding that inherent risk in what he was saying.
                    Have Asian Language Traffic?

                    Comment

                    • Babagirls
                      Text Writer
                      • Feb 2001
                      • 18812

                      #11
                      glad i didnt sell mine




                      Need a Text Writer?
                      Blogs|Reviews|Descriptions|Paysites|TGP's|Stories

                      ICQ: 397892500

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                      • dopeman
                        Confirmed User
                        • Jan 2005
                        • 294

                        #12
                        here's an article he wrote in 2000

                        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).

                        We are buying some of every one of these this morning as I give this speech. We buy them every day, particularly if they are down, which, no surprise given what they do, is very rare. And we will keep doing so until this period is over ? and it is very far from ending. Heck, people are just learning these stories on Wall Street, and the more they come to learn, the more they love and own! Most of these companies don?t even have earnings per share, so we won?t have to be constrained by that methodology for quarters to come.
                        do the math and figure out how much you would have lost back then when he was hopping around screaming about the Web ecomomy.

                        Comment

                        • nicchick
                          Confirmed User
                          • Feb 2003
                          • 316

                          #13
                          Shoulda done your homework - Online advertising is on fire and Google is cleaning up w/ Adsense and Adwords. It's gone up over 300% in less than a year and you DUMP it based on the advice of that moron ? Dude ?????

                          Comment

                          • sacX
                            Confirmed User
                            • Dec 2002
                            • 2998

                            #14
                            Originally posted by dopeman
                            here's an article he wrote in 2000



                            do the math and figure out how much you would have lost back then when he was hopping around screaming about the Web ecomomy.

                            you have to include when he said sell them. Remember stacks of money was made in this time. The question isn't what he bought, it's when he bailed.
                            Have Asian Language Traffic?

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                            • TurboTrucker
                              Confirmed User
                              • Jan 2003
                              • 2363

                              #15
                              Never buy or sell stock just because somebody else says you should.

                              Comment

                              • KMR Stitch
                                I am cool
                                • Jul 2003
                                • 14494

                                #16
                                There is nothing WRONG with selling out and taking a profit. He gives good advice.

                                Comment

                                • EmporerEJ
                                  Confirmed User
                                  • Jan 2004
                                  • 282

                                  #17
                                  And I was afraid to get in at 121!!!
                                  It's only gonna go up now with the video thing happening....

                                  Eric J. White
                                  Earn $$$ with the Virtual Sex Machine Affiliate program!

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