vishnu - i agree that realmoney is one of the better sites on the web (and that allows real writing; though i subscribe to briefing, i only really do so for their intraday updates, and not much else). for exposure, it's good; gets your name out there. that's what you want - even if you're doing it as a sidelight, and don't care about the pay.
cramer's strengths are that he's a good writer, he's a good salesman, and he surrounds himself with talent. those are good qualities, and if he stopped there, he'd probably be successful AND well-liked.
> Recently Cramer and I clashed on the site
if you point out cramer's flip-flops publicly, you'll get the wrist-slapping. it's not too hard to do, but since he usually has an excuse, you'll want to find one that's irrefutable (ie. "i own nothing as of now", then 24 hours later, "i started buying again 48 hours ago").
>c. I'm not trying to defend him but Cramer did return 30%/year >for about ten years and most of that time he was also a
>journalist and writing abt his trades, which is pretty difficult to
i have no doubt he did this (he says it was 24%). HOW he did this, and whether or not he could duplicate it NOW are beasts of a different feather. i'm not going to go into them- suffice it to say that after reading his book on 'how' he did stuff, and his feelings on reg FD, i don't think he'd be very profitable as a trader now.
by reading a combination of cramer's book and nick maier's book, you can get an excellent insight into who he is, how he operates(operated), etc.
and now, since you wanted, some of cramer's notorious things...
if you go back into his action alerts, and see the entry / exits, you'll note that the portfolio is down. BIG. like 20-25% each year. now, he touts his picks as must-haves, but 2 years ago
he was saying that he couldn't invest and that you (generic you) were a better investor than he was...now, of course, he touts his 'investing' skills.
www.thestreet.com/_tscs/comment/wrongrear/867444.html
because "i get a call from every brokerage house and you don't." if that doesn't explain part of his succes, nothing will.
on february 22, 2000, cramer's winners of the world. buy and hold. the only stocks to get in 2000. if nothing else KILLED his credibility, this baby is it:
http://www.thestreet.com/funds/smarter/891820.html
where he recommends, as long term, ARBA, ISLD, EXDS, SVNX, INSP, INKT, MERQ, SNRA, VRSN, VRTS. since "most of these companies don't have EPS, so we won't have to be constrained by that methodology for quarters to come."
in march of 2000, he made the proper short-term call to take some off the table on the naz stocks. since that time, he's made it seem like he called it as a top...however, one week later, he was there, pounding the table to go long the 'old' nas stocks of the world.
this year, he got in a spitting match with briefing, where they included an AET rumour, and cramer showed he couldn't read:
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=19173578&tid=tscm&sid=19173578&mid=95145
he praised grubman for MONTHS, knocked and tried to humiliate peter eavis for his nas 1500 comments, etc. it's all in the archives.
he's also nailed many of the tops - by saying that the market has gone up for a few weeks, so it's time to buy!
these are NOT poor representations. what i'd suggest doing, if you doubt me (and that's fine to do), is just mark down what he states in his posts. or, you can go back through the archives. you'll note that a large % have the OPPOSITE reaction of what cramer preaches.
cramer's strengths are that he's a good writer, he's a good salesman, and he surrounds himself with talent. those are good qualities, and if he stopped there, he'd probably be successful AND well-liked.
> Recently Cramer and I clashed on the site
if you point out cramer's flip-flops publicly, you'll get the wrist-slapping. it's not too hard to do, but since he usually has an excuse, you'll want to find one that's irrefutable (ie. "i own nothing as of now", then 24 hours later, "i started buying again 48 hours ago").
>c. I'm not trying to defend him but Cramer did return 30%/year >for about ten years and most of that time he was also a
>journalist and writing abt his trades, which is pretty difficult to
i have no doubt he did this (he says it was 24%). HOW he did this, and whether or not he could duplicate it NOW are beasts of a different feather. i'm not going to go into them- suffice it to say that after reading his book on 'how' he did stuff, and his feelings on reg FD, i don't think he'd be very profitable as a trader now.
by reading a combination of cramer's book and nick maier's book, you can get an excellent insight into who he is, how he operates(operated), etc.
and now, since you wanted, some of cramer's notorious things...
if you go back into his action alerts, and see the entry / exits, you'll note that the portfolio is down. BIG. like 20-25% each year. now, he touts his picks as must-haves, but 2 years ago
he was saying that he couldn't invest and that you (generic you) were a better investor than he was...now, of course, he touts his 'investing' skills.
www.thestreet.com/_tscs/comment/wrongrear/867444.html
because "i get a call from every brokerage house and you don't." if that doesn't explain part of his succes, nothing will.
on february 22, 2000, cramer's winners of the world. buy and hold. the only stocks to get in 2000. if nothing else KILLED his credibility, this baby is it:
http://www.thestreet.com/funds/smarter/891820.html
where he recommends, as long term, ARBA, ISLD, EXDS, SVNX, INSP, INKT, MERQ, SNRA, VRSN, VRTS. since "most of these companies don't have EPS, so we won't have to be constrained by that methodology for quarters to come."
in march of 2000, he made the proper short-term call to take some off the table on the naz stocks. since that time, he's made it seem like he called it as a top...however, one week later, he was there, pounding the table to go long the 'old' nas stocks of the world.
this year, he got in a spitting match with briefing, where they included an AET rumour, and cramer showed he couldn't read:
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=19173578&tid=tscm&sid=19173578&mid=95145
he praised grubman for MONTHS, knocked and tried to humiliate peter eavis for his nas 1500 comments, etc. it's all in the archives.
he's also nailed many of the tops - by saying that the market has gone up for a few weeks, so it's time to buy!
these are NOT poor representations. what i'd suggest doing, if you doubt me (and that's fine to do), is just mark down what he states in his posts. or, you can go back through the archives. you'll note that a large % have the OPPOSITE reaction of what cramer preaches.
