Here's an example: I signed up for Cramer's Action Alerts Plus free trial. Cramer emails you just before he trades a stock for his charity portfolio. As soon as you get the email, you immediately buy it. The sell (you're on your own here, obviously) comes within the next few seconds or few minutes. Same thing for the TV show which I haven't done yet, but I imagine it's much more difficult because of the after hours rules.
CNBC - Cramer's Mad Money
- Thread starter LaSalle
- Start date
What after hours rules are you speaking of?
If anyone has ever read Cramer's book, you will learn how he used to make money in his trading. It had to do with the information that he was privy to. As for his on air calls, I would rather do my own trade analysis and not be one of his lemmings....it keeps more money in my account!!!
In any event, did anyone see the Cramer interview session on KL financial with Charles from Hennessey? He made a solid case on that fund being an anomaly and Cramer about lost it!! It is always entertaining to see Cramer get outwitted and try to shout above his guests!!
In any event, did anyone see the Cramer interview session on KL financial with Charles from Hennessey? He made a solid case on that fund being an anomaly and Cramer about lost it!! It is always entertaining to see Cramer get outwitted and try to shout above his guests!!
Back to Econ 101
The Laws of Supply and Demand
Cramer - a well known marketeer - gets on national TV and says buy XYZ
Lemmings buy XYZ
The supply for XYZ is limited, price moves up.
Price pinnacle reached as new supply quickly hits the market as others short believing price is too high.
Price returns to pre-shill levels in 1 to 2 hours, days, or weeks.
The only thing relevant to us is the price moves violently within a very short period of time. If you're quick enough to buy, hold for a few seconds, sell, short sell, and repeat, you can make a decent return at a much better probabilty of normal daytrading.
The only reason why there is so much hate for Cramer is when he said buy long, it was you guys -- the Cramer haters -- the true lemmings, who actually bought for the long term -- the true idiots -- and got burned when the price returned to pre-shill or lower levels.
Your failure to daytrade is your own fault. And I'm glad I was able to take YOUR money over the years by getting in and leaving as quickly as possible. You hate Cramer when it's really me, or even yourself you should be hating for your own losses.
The Laws of Supply and Demand
Cramer - a well known marketeer - gets on national TV and says buy XYZ
Lemmings buy XYZ
The supply for XYZ is limited, price moves up.
Price pinnacle reached as new supply quickly hits the market as others short believing price is too high.
Price returns to pre-shill levels in 1 to 2 hours, days, or weeks.
The only thing relevant to us is the price moves violently within a very short period of time. If you're quick enough to buy, hold for a few seconds, sell, short sell, and repeat, you can make a decent return at a much better probabilty of normal daytrading.
The only reason why there is so much hate for Cramer is when he said buy long, it was you guys -- the Cramer haters -- the true lemmings, who actually bought for the long term -- the true idiots -- and got burned when the price returned to pre-shill or lower levels.
Your failure to daytrade is your own fault. And I'm glad I was able to take YOUR money over the years by getting in and leaving as quickly as possible. You hate Cramer when it's really me, or even yourself you should be hating for your own losses.
LOL! Great post. One must remember, a lot of Cramer's touts (buy and hold) only get rementioned at unloading time when perchance a caller might happen to ask about that particular stock. Cramer's up front about the sell call; you hafta $ub$cribe to his service.
Cramer strongly touted the techs right into the bubble and most Cramer hating is due to that, but they forget that ol' JC correctly called it pre-burst when you still had time to unload (that is unless you were too busy telling all your pals what a stock wizard you were with your JDSU, LU, etc.)
Exactly.
A Cramer basher almost certainly = a loser of some sort.
True in 00 and now.
Geo.