Cramer says buy now

Free Thinker · Mar 17, 2003

Quote from DisciplinedHedg:

He makes multiples calls multiple times a day on multiple subjects.

The proof is in the pudding, how's his "Action Alert Plus" Portfolio doing?

dont know but think he is down for the year. its true cramer made a good call this am but he has said buy so many times in this bear market i doubt many followed him this time.

ktm · Mar 17, 2003

Cramer foams at the mouth too much to be credible, not to mention his perpetually shady dealings. I'd be inclined to bet against him as well.

Besides, the SPX has rallied about 10% from the low Thursday, nearly straight up. Most unabated 10% moves don't make it to 15% without some serious pullbacks. As chaseinfla said, buy the rumor sell the news. I bet we pull back pretty hard when the shooting starts. Maria said this morning that the first IRAQ war was a plus 3% on day one and 12% up for the next 3 weeks...yeah but that shooting was a bit of a surprise. You could set your watch by this conflict. IMO, everyone is trying to get in front of this.

If everyone tries to "get in front", there won't be anything to get in front of.

FRuiTY PeBBLe · Mar 17, 2003

When did he say to sell at a loss and profit?

F. P.

Ron In-a-sauna · Mar 17, 2003

Quote from AAAintheBeltway:

Jim Cramer made his long-awaited buy-the-war call this morning. Despite his near perfect record the last few months as a contrary indicator, he is very right so far. Personally, I don't see what's so bullish about going to war. Everyone assumes this will be a cakewalk, and probably it will be, but a lot can happen and most of it would be negative.

i like cramer, but he has been a perma-bull

MondoTrader · Mar 17, 2003

better late than never I suppose. I bet he personally got in last week.

dis · Mar 17, 2003

Quote from omcate:

I am more conservative. I shorted the QQQ April 23 puts before 10 AM.

No, I am more conservative. I bought QQQ April 24 puts, flipped them for a quick profit, and bought them again.

TG · Mar 17, 2003

If you make enough calls, one has to be right. He should probably be in the same cell with the guy from Long Term Capital, whatever his name is.

Free Thinker · Mar 17, 2003

kass is the only one on streetcom who really nailed it.he was early a few days but looks smart now.

FRuiTY PeBBLe · Mar 17, 2003

Fuck Cramer and all these other pinheads on TV.

FRuiTY P. :mad:

Vishnu · Mar 17, 2003

Quote from vhehn:

kass is the only one on streetcom who really nailed it.he was early a few days but looks smart now.

Just to mention: on Wednesday at noon on Street Insight I was calling for at least a two day rally.