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Capitalist Pig sues J. Cramer
- Thread starter Rearden Metal
- Start date
Quote from sammybea:
where is there so much hate with Cramer. In this instance, you would have gained 50 percent on his rec. And he is getting sued for that??? I am sure he has a lot of bad calls like a lot of analysts. But he was RIGHT.
mostly because he gets on tv and web and bashes others for poor performance while his own performance sucks. he hasnt made any money for 3 years. and when he did make money it was because he pumped and dumped cnbc audience or got ipo special treatment as was documented in books.
he also bashes other fund managers for not reading streetcom and following his people yet he constantly buys inspite of warnings of the people on his site and gets crushed.
I think I remember how this all started. One particularly bad afternoon for the markets (must be two years ago now), Hoenig posted something on thestreet.com (when he was writing articles for them), about how he was sipping wine or something cause his Nasdaq futures short was making a ton of money. Everyone got up in arms, saying people are losing money, how can you be celebrating in a market like this, and was basically never heard from again on the site. Then a little while later, Hoenig was hosting some kind of online investing show and Cramer was a guest, and Hoenig brought up that infamous Feb 2000 article where Cramer recommended a bunch of Internet stocks that crashed to the earth. Cramer spazzed out, said "I will not be sandbagged by the Capitalist Pig" and hung up. That's what I remember about this.
Quote from sammybea:
where is there so much hate with Cramer. In this instance, you would have gained 50 percent on his rec. And he is getting sued for that??? I am sure he has a lot of bad calls like a lot of analysts. But he was RIGHT.
Cramer is a hack. What don't you understand?
When he and the anal retentive economist, Kudlow get on their petty little rants, they come off like a scene from In Living Color, you know, "Men on Film."
Two snaps up!
And watching them high five each other on their silly show?
All I can say is....."Hated it!"
Quote from Sysdomatic1:
I think I remember how this all started. One particularly bad afternoon for the markets (must be two years ago now), Hoenig posted something on thestreet.com (when he was writing articles for them), about how he was sipping wine or something cause his Nasdaq futures short was making a ton of money. Everyone got up in arms, saying people are losing money, how can you be celebrating in a market like this, and was basically never heard from again on the site. Then a little while later, Hoenig was hosting some kind of online investing show and Cramer was a guest, and Hoenig brought up that infamous Feb 2000 article where Cramer recommended a bunch of Internet stocks that crashed to the earth. Cramer spazzed out, said "I will not be sandbagged by the Capitalist Pig" and hung up. That's what I remember about this.
here is that article. its a jem.
http://www.thestreet.com/funds/smarter/891820.html
Anyone would have made a lot more money following Honeig than Cramer over the past three years. Just off the top of my head Honeig on "Cashin In" was recommending buying REITS, GOLD, Foreign Bonds and a few other ORIGINAL ideas. Not to mention a few gems like shorting GE around 40, CSCO around 20.
Cramer on the other hand, well let's see Tenant healthcare, Quest, AOL, VZ, MSFT, AA, MO, JPM, but I digress.
I seem to remember that Honeig talked about Kmart as a flier, and it did get a little pop. As opposed to THC which I think Cramer recommend on his Anal Alerts Plus (so named because you will be reamed) at 35 and 27. Hmmmm.
As for the Lawsuit, screw Cramer. If you have ever read any of his books you know he has done much bellyaching about his legal run ins through the years. And how everyone is picking on him.
Can't do the time, don't run your mouth.
Cramer on the other hand, well let's see Tenant healthcare, Quest, AOL, VZ, MSFT, AA, MO, JPM, but I digress.
I seem to remember that Honeig talked about Kmart as a flier, and it did get a little pop. As opposed to THC which I think Cramer recommend on his Anal Alerts Plus (so named because you will be reamed) at 35 and 27. Hmmmm.
As for the Lawsuit, screw Cramer. If you have ever read any of his books you know he has done much bellyaching about his legal run ins through the years. And how everyone is picking on him.
Can't do the time, don't run your mouth.
Quote from trdrmac:
Anyone would have made a lot more money following Honeig than Cramer over the past three years. Just off the top of my head Honeig on "Cashin In" was recommending buying REITS, GOLD, Foreign Bonds and a few other ORIGINAL ideas. Not to mention a few gems like shorting GE around 40, CSCO around 20.
Cramer on the other hand, well let's see Tenant healthcare, Quest, AOL, VZ, MSFT, AA, MO, JPM, but I digress.
I seem to remember that Honeig talked about Kmart as a flier, and it did get a little pop. As opposed to THC which I think Cramer recommend on his Anal Alerts Plus (so named because you will be reamed) at 35 and 27. Hmmmm.
As for the Lawsuit, screw Cramer. If you have ever read any of his books you know he has done much bellyaching about his legal run ins through the years. And how everyone is picking on him.
Can't do the time, don't run your mouth.
Well put.
Honeig was the only one on leaning the right way on thestreet.com at the time he was axed. Even Cramer's boy Todd Harrison was neutral at best. That fact that Honeig didn't feign concern like Harrison always did probably upset them. And I thought good traders weren't supposed to be emotional about stocks!
What probably upset them most was that Honeig made them look bad by comparison.
Quote from shadowtrader:
Well put.
Honeig was the only one on leaning the right way on thestreet.com at the time he was axed. Even Cramer's boy Todd Harrison was neutral at best. That fact that Honeig didn't feign concern like Harrison always did probably upset them. And I thought good traders weren't supposed to be emotional about stocks!
What probably upset them most was that Honeig made them look bad by comparison.
most people who call cramer out on his bad calls on the streetcom seem to disappear. luskin challenged cramer on gold,ben holmes called him on his buy Q call.honig was bragging about being short after cramer said buy and it pissed cramer off.plus a couple other people called him that i cant remember the names of. the only one left with the guts to tell cramer his calls suck is marcin. he called cramer on his 101th bullish call a couple weeks ago and as far as i know is still there.
cramer had a post on realmoney (when i subscribed; i cancelled b/c i couldn't stomach giving money any more to an organization where cramer has control) that said when the market was going down that he was glad he had sold everything that day, and was all in cash...
the next day, his post was something like "i was buying the dip on stocks yesterday".
revshark called him on this, and instead of answering it, cramer started saying how revshark was the best trader he had seen "including toddo" , blah blah blah.
based on other instances, there likely was a private e-mail sent saying "promote harmony on the site, don't knock other writers - disagree, but don't knock- etc.".
the next day, his post was something like "i was buying the dip on stocks yesterday".
revshark called him on this, and instead of answering it, cramer started saying how revshark was the best trader he had seen "including toddo" , blah blah blah.
based on other instances, there likely was a private e-mail sent saying "promote harmony on the site, don't knock other writers - disagree, but don't knock- etc.".