CNBC - Cramer's Mad Money

fxpeculator · May 9, 2005

Quote from mschey:

I actually like that strategy for SHLD. Once you take a look at who's running the company, and their business plan going foreward, this company could very well be the next Berkshire Hathoway. This is a better bet than most other trades IMO, heck, most probably spend more money on lottery tickets in a year, and this trade has a positive expectation.

I am sure someone "doubling down" and long SHLD has come out better than 99% of traders on ET over the last year.

stock777 · May 10, 2005

You really think there another BRK coming along in your lifetime?

Doubt it.

Hydroblunt · May 10, 2005

Quote from stock777:

You really think there another BRK coming along in your lifetime?

Doubt it.

Depends if you can buy up the debt & equity of defunct retailers for a fraction of the real estate value.

But then if anyone can explain how it was pulled off in the first place, I'm all ears. I would love to borrow money from those creditors, buy up real estate and then declare BK on them.

BTW, regarding SHLD, you all need to check out the moron index a.k.a. Yahoo message boards.

PoundTheRock · May 11, 2005

Cramer hasn't quite connected the facts that put him in the right place at the right time during the roaring bull. But clearly the last five years have demonstrated his pure idiocy.

mschey · May 11, 2005

Quote from stock777:

You really think there another BRK coming along in your lifetime?

Doubt it.

Well, I put money on it. I'm not fully invested, buy I bought some and will see how it unfolds the next few years.

jackedup · May 11, 2005

You have three choices here people. Listen to him and follow his advice, don't listen to him and ignore his advice, or just listen to what he has to say without acting on his advice. Simple huh? Now, HOW ABOUT STOP WHINING ABOUT IT!!!

MichaelJ · May 11, 2005

Has anyone tracked the action alert portfolio performance - I assume since it is a real $ account then tracking the account level should be easy? Is it any good?

Has anyone tried to follow his picks closely to the letter? Does your performance match the claimed performance of the action alert portfolio?

Quote from vhehn:

he doesnt fade his picks. he is above board with his trading. his action aleart portfolio is there for all to see.
his real problem is that he is an egomaniac who lets his mouth get ahead of his brain. he shoots from the hip and doesnt do any real research on his picks and never uses charts or stops.
lets analyze a recent pick. aapl.
mistake no 1. he told people to buy it the day before earnings for a scalp after the stock was up 400%..
2. no plan of escape and never uses stops.
3. rode the stock down 6 points and heard some negitive chatter then bailed leaving mom and pop investor buried.

Free Thinker · May 11, 2005

Quote from MichaelJ:

Has anyone tracked the action alert portfolio performance - I assume since it is a real $ account then tracking the account level should be easy? Is it any good?

Has anyone tried to follow his picks closely to the letter? Does your performance match the claimed performance of the action alert portfolio?

yes i have. i do his free trial a couple of times a year just to see the numbers. his performance is for the last 5 years is subpar lagging a passive investment in the s&p. he trades just like he says he does. he buys stocks down on a scale. he refuses to look at charts and says stops are for losers. his style does ok in an up market but he always gets killed in a decline and a few dogs that he rides all the way down. net result. worse performance than the market.

jackedup · May 11, 2005

Everyone does well in an up market. Remember the 90's?

areyoukidding? · May 11, 2005

Quote from vhehn:

yes i have. i do his free trial a couple of times a year just to see the numbers. his performance is for the last 5 years is subpar lagging a passive investment in the s&p. he trades just like he says he does. he buys stocks down on a scale. he refuses to look at charts and says stops are for losers. his style does ok in an up market but he always gets killed in a decline and a few dogs that he rides all the way down. net result. worse performance than the market.

But, he says he is the best performing hedge fund manager ever. I think his wife bailed him out in 2001 or 02, told him to "get the f out of the mkt".