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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