3/11/08 Video: "Dear Jim Cramer, should I sell Bear Stearns?"

Quote from Pa(b)st Prime:

1. I agree with Old Trader that the viewer was probably refering to funds deposited with Bear rather than shares. "Pull my money out of Bear?" as opposed to key words like "sell" , "stock", "own" ect.

2. LMAO that folks on ET would would label Cramer viewers as "pikers". Black pots and kettles.

3. It's CNBC production that put up a chart of BSC common, not Cramer.

4. My guess is even if the caller had said he owned BSC shares Cramer still would've been over the top bullish on the position. But that assumption on my part is speculative. :)
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Man, you gotta be nuts! LOL! They are running 100-1 against me, and you're gonna come out and agree with me? The only guys agreeing with me so far are the guys sending me PMs but NOT posting here on the thread. LOL.

I agree with your point #4. I'm sure he would have been bullish had he been asked about the stock.

By the way, that was one helluva call on the ES if you stuck with it.

OldTrader
 
Quote from OldTrader:

Man, you gotta be nuts! LOL! They are running 100-1 against me, and you're gonna come out and agree with me? The only guys agreeing with me so far are the guys sending me PMs but NOT posting here on the thread. LOL.

I agree with your point #4. I'm sure he would have been bullish had he been asked about the stock.

By the way, that was one helluva call on the ES if you stuck with it.

OldTrader
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I know you don't follow sentiment but that 100-1 is a reliable fade....:p

Cramer's a tool.

Took 40pts out on that ES. Only problem is 40pts on a 5 lot is 10k and I lost 300pips on 10 Swiss for -37k. Position sizing is an art I've still not mastered.
 
Quote from Pa(b)st Prime:

I know you don't follow sentiment but that 100-1 is a reliable fade....:p

Cramer's a tool.

Took 40pts out on that ES. Only problem is 40pts on a 5 lot is 10k and I lost 300pips on 10 Swiss for -37k. Position sizing is an art I've still not mastered.
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All you gotta do is figure out which one of those is gonna work out, and then don't put the other one on.:)

OldTrader
 
My apologies if this has already been mentioned, because I did not read every post but Cramer was called on this by Erin B. on CNBC and he stated taht he was not referring to BSC common shares, which he had said were worthless days before, He was saying not to remove your accouny if you had money invested WITH Bear as it was guaranteed and safe. He further said they would probably get boughrt out. He claimed it would have been reckless to tell everyone to close their accounts with Bear, as it would have caused a run on them.
 
Quote from OldTrader:

All you gotta do is figure out which one of those is gonna work out, and then don't put the other one on.:)

OldTrader
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The thing that sux is deep in our subconscious we do know. We all seem to possess some Medea in us.

"I know indeed what evil I intend to do,
but stronger than all my afterthoughts is my fury,
fury that brings upon mortals the greatest evils."
 
Quote from MaxxHeatt:

My apologies if this has already been mentioned, because I did not read every post but Cramer was called on this by Erin B. on CNBC and he stated taht he was not referring to BSC common shares, which he had said were worthless days before, He was saying not to remove your accouny if you had money invested WITH Bear as it was guaranteed and safe. He further said they would probably get boughrt out. He claimed it would have been reckless to tell everyone to close their accounts with Bear, as it would have caused a run on them.
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HAHAHAHAHAHAHAHAHA!!!!!!!!!

So Cramer was acting in place and stead of the Federal Reserve, telling the person who asked him about BSC not to withdraw money because he had concerns about the solvency of Bear Stearns!!!!

That's his explanation???


HAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!


(Money in deposited accounts is NOT safe, even if that's what was intended, unless it's FDIC insured account [or to a lesser degree invested in equities - not in standing cash - under a SIPC (privately insured) account]).


What a lame ass tool Cramer is.
 
Quote from OldTrader:


By the way, that was one helluva call on the ES if you stuck with it.

OldTrader
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Given the circumstances in this thread, that's one heckuva brownnose!

: )
 
Quote from MaxxHeatt:

My apologies if this has already been mentioned, .
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maxx - please read my posts in this (getting longer) thread.

on mar 11, on wall street confidential, he said BSC was a buy.

on mar 6, on mad money lightning round, he said BSC was a buy.


here's the money quote from wall street confidential (posted earlier on the thread):

***
"my sources indicate that bear is totally solvent"

"the two points i want to make are that bear is not in trouble; i want to make that point vociferously..."

"bear is now one of these companies that's selling well below book...normally with a brokerage i want to buy in the money calls...i'm a little gunshy at this point, but i know that i would buy a small position in bear options because it's too low, it fell too fast, and i don't want to buy a position when the stock is up."
***

maybe, JUST maybe, in the mailbag he meant the company wouldn't go under. but earlier in the day he had said (at the very least) the options were a buy. a few days earlier, he said the equity was a buy - and he didn't believe anything had changed in the meantime.
 
Quote from OldTrader:

Yeah, the chances are huge that Cramer .... no doubt that he recommended the stock at some other .... Hell, he's done it before, on many other stocks. They just weren't quite so dramatic as Bear.

OldTrader
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didnt he recommend tma??

crox-csco-ua...in oct/nov 07 he recommended them right into earnings day....-
 
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