CNBC's Fast Money - pulling a FAST ONE

Quote from krazykarl:

...they do take time to call out each others loosing picks - not only that, everyone gives the looser shit about how bad their call was.
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This is not true....they only do this for SOME of the picks....short GM and short XLF 6 weeks ago are still open and losing trades not discussed....ever again. Same with Strazzini's infamous "sell all calls" 2 weeks ago.

a show that talks about options models and shorting is not for the occasional investor
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What's that have to do with the tracking and credibility of the recommendations ?
You know Karl, character judgements in forum posts are usually a look in the mirror.
 
Quote from syswizard:

This is not true....they only do this for SOME of the picks....short GM and short XLF 6 weeks ago are still open and losing trades not discussed....ever again. Same with Strazzini's infamous "sell all calls" 2 weeks ago.


What's that have to do with the tracking and credibility of the recommendations ?
You know Karl, character judgements in forum posts are usually a look in the mirror.
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LOL thanks for the insightful response - much appreciated.

did you expect them to keep tabs on every single pick they make? where have you seen that - the standard must have been set somewhere????


You also did not answer my question about your trading experience. Also, do you still think something on TV would be the holy grail - 100% correct on every call they make? Did you _really_ listen to someone on TV for investment advice without performing due diligence?
 
Sometimes TV becons, not often,

Tonights Shatner roast at 10PM on Comedy Central should be amusing.

When they gonna do Kramer.
 
Quote from krazykarl:

LOL thanks for the insightful response - much appreciated.

did you expect them to keep tabs on every single pick they make? where have you seen that - the standard must have been set somewhere????


You also did not answer my question about your trading experience. Also, do you still think something on TV would be the holy grail - 100% correct on every call they make? Did you _really_ listen to someone on TV for investment advice without performing due diligence?
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are u kiddin' me....they should be accountable for thier reccomendations...people put money on the line and should expect at least an update...otherwise what's the freakin' point...just call out a bunch of stocks and hope u can hit a few of 'em, overshadowin' all the other losers...man if u are an apologist.
 
Quote from Bitstream:

are u kiddin' me....they should be accountable for thier recommendations...people put money on the line and should expect at least an update...otherwise what's the freakin' point...just call out a bunch of stocks and hope u can hit a few of 'em, overshadowin' all the other losers...man if u are an apologist.
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why - are they offering professional advice? no - they are offering commentary on the market - nothing more. anyone who blindly follows their recommendations is a Lemming - pure and simple.

if you put your money in a vehicle without performing due diligence before hand you deserve the negative ramifications.
 
Quote from krazykarl:

why - are they offering professional advice? no - they are offering commentary on the market - nothing more. anyone who blindly follows their recommendations is a Lemming - pure and simple.

if you put your money in a vehicle without performing due diligence before hand you deserve the negative ramifications.
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bloomie reporters do mkt commentary cramer obviously deos not since he's not neutral; those he gives out are reccomendation as in 'buy this sell that', is that hard for u to understand? of course the public is idiotic to blindly follow him but u should at least expect a follow trough on his calls otherwise he can get away with everythin' and leave the impression his pics are magic ones, nothin' short of the holy grail.
 
Quote from Bitstream:

bloomie reporters do mkt commentary cramer obviously deos not since he's not neutral; those he gives out are recommendation as in 'buy this sell that', is that hard for u to understand? of course the public is idiotic to blindly follow him but u should at least expect a follow trough on his calls otherwise he can get away with everything' and leave the impression his pics are magic ones, nothing' short of the holy grail.
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have you seen the show? right at the beginning, all that text they scroll across the screen - you know the disclaimer? anyone who thinks that all it takes to make money in the markets is put money on some picks from TV deserves to lose money.


the public individuals that blindly put money in the market provide liquidity. those that go beyond just watching a TV show for stock picks deserve the reward that knowledge brings - success.
 
I've never watched this show, then this morning I happened to be watching when they had a show called "Trading Secrets". I watched the first few minutes, intrigued. What was the first great "insider trading secret" that the guy revealed? Buy double-bottoms, sell double-tops! Guffaw! No, wait, I mean Double Guffaw! I immediately changed the channel. Shame, I probably missed the tips on the amazing secret "Head & Shoulders" pattern.

I have no idea who the guy was, but it doesn't much matter if he's the most successful professional trader in the world, that was just ridiculous. What a sham.

H
 
When I have the free time I'm going to read this thread for a hope that I see some crash and burn stories in real time. Don't listen to 4 fast talking traders on CNBC, O RLY?
They seem more like brokers most of the time.
 
FAST MONEY forced to change show times. THIS IS A BAD OMEN. Terrible calls like shorting XLF 10 weeks ago, and shorting GM 10 weeks ago ("GM in the teens") has killed the show already.
 
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