Quote from vhehn:
i know parents who have hocked everything they own to put their kids into a top school and that idiot cramer encourages them to buy some pumped up stock with the money.
Have to agree with you there, if you notice the moment he mentioned bkhm it gapped and ran 2dollars..
I have noticed almost all of stocks spike and then retract..over a very short period of time...in some cases over 100percent
I also noticed he recommends so many stocks to buy at their highs or close...examples are mrvl,brcm,ati..some of these stocks have never seen these prices and I am guessing if the stock drops they are told to buy more..
fool and his/her money are soon parted...
Wonder if they realize how many times he or his group are/could be on the other side of this zero sum game..
What I found interesting is that most of the stocks the kids mentioned were very expensive.
I give him credit for stating it is 50/50 luck -skill
You have to hope that one does use only mad or throw away money..I understand that gambling is also a problem in Schools now adays if not kept in check ?
would be different if Cramer had the student body have a small fund and they work it collectively as done in some high schools to ensure lesson are learnt and to get a true picture of both sides of the coin.
Have come to learn that good money can be made following his picks for quick longs and shorts for additional day trades as he obviously has a large following
w