A thirty point drop on a 300 dollar stock is 10 percent. Big deal. I've lived through ten percent drops on a position - and sometimes waited six months or more to make my money although this is a long time to hold a position because of a mistake. Cramers only wrong if the stock doesn't recover within a reasonable time ...then he has a problem with his call.....
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Is Cramer Just a Moron, his calls on INTC
- Thread starter mahram
- Start date
A thirty point drop on a 300 dollar stock is 10 percent. Big deal. I've lived through ten percent drops on a position - and sometimes waited six months or more to make my money although this is a long time to hold a position because of a mistake. Cramers only wrong if the stock doesn't recover within a reasonable time ...then he has a problem with his call.....
Quote from prt_systems:
A thirty point drop on a 300 dollar stock is 10 percent. Big deal. I've lived through ten percent drops on a position - and sometimes waited six months or more to make my money although this is a long time to hold a position because of a mistake. Cramers only wrong if the stock doesn't recover within a reasonable time ...then he has a problem with his call.....
thats not true. he had the option of telling people to take some off. he didnt in fact he said do not sell.
any trader with any experience knows its not smart to add to stocks that have had a huge run right before earnings.
Quote from vhehn:
thats not true. he had the option of telling people to take some off. he didnt in fact he said do not sell.
any trader with any experience knows its not smart to add to stocks that have had a huge run right before earnings.
I agree .... and I am not saying his advice had any merit ..... merely that people are not always right on their calls and get stuck waiting .... drawdowns do happen .. its part of the game.. of course advising people into drawdown situations is none too wise....
well cramer is always lambasting people for using market orders, well that tells you that there are alot of inexperienced people making trades with his comments. He should be stressing more, that his calls are only guesses. And I have to stress again that his best calls that cramer ever made involved his wife , berko, and harrison. Without those people to go cramer your going alittle nuts now, calm down. YOur going to lose people money, this guy will make you lose money.
Quote from prt_systems:
I agree .... and I am not saying his advice had any merit ..... merely that people are not always right on their calls and get stuck waiting .... drawdowns do happen .. its part of the game.. of course advising people into drawdown situations is none too wise....
I listen to Cramer on occasion. He has been touting GOOG since the high 100's. Not his fault people waited for it to go over 300 and then buy at the high and get slammed. I don't listen to his picks per say but I do like the reasoning he gives behind the plays he gives. His pick on GOOG was based off of 06 estimates. Up to google to hit the number. I think the man has a great set of balls to go on national TV and pick some stocks. If he was as bad as most people say he is I don't think he would still be on TV. He is there cause a lot of his picks go up. Besides all the Cramer haters....... I don't see you posting any stock picks with reasoning to buy them. Post some yourself and keep track of them and see how you do before you bash someone else.
you chose to follow his advice to the letter T. To sell short before the market opens is idiotic in and of itself, pure and simple. Since you never know how it's going to open, gap up for down. Cramer didn't make you do anything, you chose to do this all on you own. So quit your damn whining and own up to your own mistake.
Quote from monistat7:
freakin cramer made me lose 2 cents of CAT. i shorted it pre-market at $52.48 and stopped it against the $52.50 fig. i was like, there is no way it is going through that fig size and there is no way CAT is going to open up $1.70, and if it does it will come straight back to earth. well CAT opened just about there and he blasted right through that $52.50 fig size.
the power of cramer is unreal!
If you watch his show, read the disclaimer at the beginning of every show, there it is. Of course his calls are guesses. What the hell do you think trading is, gambling, etc. All calculated and educated guesses, at least most of the time, other times, it's just shooting in the dark. People who lose money are the idiots who like to think of themselves as real investors and traders who follow his advice to the letter T and don't bother to educate themselves about the market. I lost money on one of his calls before. But guess what, I pulled the trigger, noone else did. So, for god's sake stop goddamn whining.
Quote from mahram:
well cramer is always lambasting people for using market orders, well that tells you that there are alot of inexperienced people making trades with his comments. He should be stressing more, that his calls are only guesses. And I have to stress again that his best calls that cramer ever made involved his wife , berko, and harrison. Without those people to go cramer your going alittle nuts now, calm down. YOur going to lose people money, this guy will make you lose money.
If trading and investing are gambling are there just lucky fund managers etc?Quote from USMCinfantry:
If you watch his show, read the disclaimer at the beginning of every show, there it is. Of course his calls are guesses. What the hell do you think trading is, gambling, etc. All calculated and educated guesses, at least most of the time, other times, it's just shooting in the dark. People who lose money are the idiots who like to think of themselves as real investors and traders who follow his advice to the letter T and don't bother to educate themselves about the market. I lost money on one of his calls before. But guess what, I pulled the trigger, noone else did. So, for god's sake stop goddamn whining.
but dont you think cramer is so hypocritical, I remember he use to destroy guys who did the same thing as he is doing now. I remember a hedgie back in 2002 made a good intermediate investment call on tech, but when the guy came back before an earning call, and made the same bullish call, and stock fell, cramer spend the entire day railing against the guy. He was like he was an idiot, why make such and such call, it was the stupidiest call ever. But the guy was right about the investment call but dumb trade into earnings. Why is cramer such a hypocrite, if a diffrent guy was making calls just like him, he would be yelling and screaming at the top of his lungs at that guy.
Quote from USMCinfantry:
If you watch his show, read the disclaimer at the beginning of every show, there it is. Of course his calls are guesses. What the hell do you think trading is, gambling, etc. All calculated and educated guesses, at least most of the time, other times, it's just shooting in the dark. People who lose money are the idiots who like to think of themselves as real investors and traders who follow his advice to the letter T and don't bother to educate themselves about the market. I lost money on one of his calls before. But guess what, I pulled the trigger, noone else did. So, for god's sake stop goddamn whining.