Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Joined: Jan 29, 2005 Posts: 320 Location: Western NY
Posted: Tue Jul 15, 2008 4:56 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
joeltrout wrote:
alpha480v wrote:
Anyone who listens to this guy deserves to lose their money.
Well I have made decent money listening to him and so have tons of other people. He does give good advice on homework, homework, homework.
Good for you. But I'm sure there have been many others that have lost money because of him. Probably thousands as these two videos have shown. One week he's pushing certain stocks and the next week scolding people for buying them? What's up with that? You told the sheeple to buy these!
Bottom line is to use due diligence and research a stock before you buy it. I don't need some TV clown to tell me what to buy. I know how to read a stock report.
Posted: Wed Jul 16, 2008 10:08 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
alpha480v wrote:
Bottom line is to use due diligence and research a stock before you buy it. I don't need some TV clown to tell me what to buy. I know how to read a stock report.
Those are almost Cramer's exact words. He tells people almost every show not to buy a stock because he recommends it or because somebody else or a report recommends it. He tells them to do homework on the stock, if it looks good then see if it fits in your investment portfolio in terms of sector, risk, etc... and then begin buying in intervals and not all at once.
People who buy because they heard Cramer mention it or they read an article in Investor Business Daily are crazy. People must research for themselves.
Posted: Wed Jul 16, 2008 6:41 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Cramer is entertainingly stupid, that's why I watch. I read a couple of his books, he's no dummy, but certainly not right upstairs too.
He has good general advice on how markets work. Having said that, I wouldn't buy anything based on what he or anyone else said. You have to make up your own mind.
Posted: Wed Jul 16, 2008 8:17 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Hogan wrote:
Give me a freakin' break. The whole point of his show is to try and convince viewers to buy or sell certain stocks. Pump and dump. He says things like 'You are crazy if you don't buy blah blah blah.' or 'If you didn't listen to me you probably lost money on blah blah blah.'
Yeah. I gotta say, watching the clips of him on YouTube, his warning to do your own research starts to sound a lot more like "Don't sue me when you do what I say and go broke." _________________ "We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Posted: Wed Jul 16, 2008 11:22 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
joeltrout wrote:
alpha480v wrote:
Bottom line is to use due diligence and research a stock before you buy it. I don't need some TV clown to tell me what to buy. I know how to read a stock report.
Those are almost Cramer's exact words. He tells people almost every show not to buy a stock because he recommends it...
ohh really?
He does not "tell" people what to do? link maybe you have a different way of looking at things but I think it is very clear this guy isn't some "educator" encouraging people to do their homework.
I think people come to him looking for advice on what to do.
Posted: Thu Jul 17, 2008 10:04 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
How many shows have you actually watched?
How many of his books have you actually read?
How much time have you spent on thestreet.com?
What would your response be if I tried to debunk peakoil because I read a couple of articles about peak oil and then watched a couple of spliced youtube clips? You would think I am an idiot and didn't know what I was talking about.
Don't bash something you don't know anything about unless you have read Cramer's books, watched his show extensively, and visited thestreet.com website.
Either you are a seasoned investor with extensive knowledge about investing in a broad range of assets and Cramer's show is too basic for you
or
you are someone who doesn't understand investing, doesn't understand what Cramer is talking about, or doesn't rely on your own financial investments to retire, ie govt, pension, etc...
Their is no doubt that Cramer gives out good information and someone who writes him off before they give him a chance is dumb. Even if you don't like his personality on the show then read his book.
My argument is over. We can agree to disagree. Its been fun and I still respect Cramer.
Jim Cramer, the often loud and always bullish host of a popular CNBC show, is now bearish. Cramer frequently tells his audience that he believes there is always a bull market somewhere, and it’s his goal to help them find it. “But this time is different; it’s doom itself,” Cramer recently wrote in New York magazine. “In 25 years on Wall Street, I have never seen things this bad.”
Cramer is a former hedge fund manager who delivered a compounded rate of return of 24 percent for 15 years at his firm, Cramer Berkowitz. His investment advice is always very specific, and he is also clear about what he sees over the short term. “Sell everything. Nothing’s working,” he writes. “Revisit when the prices are adjusted for a big recession, soaring inflation, and a crushed consumer. Sell at 12,000 and come back at 10,000. Even better: short it,” said Cramer.
Barclays Capital agrees with Cramer’s assessment of inflation. It is now predicting that headline inflation will spike to 5.5 percent by August, and the Fed will respond by increasing interest rates six times before the end of 2009. The Consumer Confidence Index is also near all-time lows.
The Conference Board Consumer Research Center recently reported consumers’ assessment of present-day conditions continues to grow more negative and suggests the economy remains stuck in low gear. Looking ahead, consumer outlook is so bleak that the Expectations Index has reached a new all-time low, the group reported.
Cramer cites Wall Street layoffs as a sign of the troubles. More than 40,000 investment bankers and sales people are expected to lose their jobs at Morgan Stanley, Merrill Lynch, UBS, Citigroup, and what was once Bear Stearns. “We’ve had some tough times: the 1987 stock market crash, the collapse of the once-all-powerful Drexel Burnham Lambert, the immolation of Long Term Capital, the post-9/11 calamity, and the dot-com implosion. Every one of these events rocked the Street, causing pay cuts and layoffs and creating a sense of doom.”
A long-term bull, Cramer admits his bullish bias, “I am an inherent optimist about Wall Street. Every time I’ve seen one business go down, there was always a replacement business right behind it.”
But with investment banking, bonds, equities, and mergers and acquisitions all stumbling at the same time, he concludes, “Try as I might to see where new business can come from, I don’t see it coming anytime soon.” He’ll be bullish again, after “a big recession,” when inflation is tamed, and the consumer feels better about the economy.
Posted: Fri Jul 18, 2008 1:31 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
Sorry Joel, but I disagree with you. My time is valuable. I do not have the time or inclination to read all his books or watch all his shows, so if his show puts me off, it puts me off. Period. I do not waste my time on many things that bring marginal value at best. There are better sources of information than watching CNBC or whatever. You are free, or course, to think, feel or do whatever makes you happy! ; - )) _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Posted: Fri Jul 18, 2008 5:58 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
drew wrote:
Cramer is entertainingly stupid, that's why I watch.
I read a couple of his books, he's no dummy, but certainly not right upstairs too.
He has good general advice on how markets work. Having said that, I wouldn't buy anything based on what he or anyone else said. You have to make up your own mind.
I am surprised that this kind of aggressive promotion is not illegal
Posted: Fri Jul 18, 2008 10:25 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
joeltrout wrote:
My argument is over.
I lied because I forgot to make the most important point that deals with the title "Pump and Dump Cramer"
If you have seen the show or listened to it on the raido then you know Cramer is restricted when he can buy and sell a stock before and after he mentions it publicly.
He has blackout dates just like a public company before earnings and employees cannot trade stock. Therefore he cannot "pump and dump".
joeltrout
Posted: Fri Jul 18, 2008 10:57 am Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
drew wrote:
It is a dirty business. Many here certainly believe that anyways. You really have to do your own thing.
A year back a coworker told me to buy Sandvine, which his bank was pushing. I asked my boy about it because he's in tech. He said they had 1 customer, an ISP in the States.
I didn't buy... It got pushed to $7 from $5... It is now trading at a buck. (the coworker got out even-and it was his first and last go at the markets)
Drew
ahhh but that's what your co-worker said.
How do you know he's telling the truth?
Maybe he actually lost money but didn't want to look like a fool so he said he broke even.
Posted: Fri Jul 18, 2008 1:53 pm Post subject: Re: Pump and Dump Cramer- People actually listen to this guy
cube wrote:
ahhh but that's what your co-worker said.
How do you know he's telling the truth?
Maybe he actually lost money but didn't want to look like a fool so he said he broke even.
Ha ha, you may be right!
I do know a guy who still has his Nortel from a few years ago when they did the 5:1 reverse split.
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