Jim Cramer's Mad Money "Speculative Fridays"

Quote from michaelscott:

Lets not get confused with the different issues. The thesis and guidelines behind this is the following:

Cramer is a volatility event that augments price action. There are obvious increases in volume sometimes before or after his mention of an equity.

Cramer had stated that he has moved his speculative picks to Friday versus announcing one everyday. His stated purpose is to allow people to think over the weekend. However, since he is now only doing speculative picks one day a week (versus everyday), the attention is focused around one stock versus multiple stocks over the course of a 5 day period.

Therefore, my guidelines are the following:

1) Only his speculative Friday picks will be used.
2) Entrance opportunities are usually created on Monday about 1-2 hours into the trading session. Usually we see a pullback after the first trading hour and then a surge right after.
3) Exit opportunities are usually created Tuesday-Weds.
4) We never hold all the way until Friday.
5) Speculative picks must make sense with the chart and fundamentals.
6) No gonzo companies like the energy beam weapon system. Only mainstream-type companies in which we can fit into the larger picture of the market.
7) Technical indicators like Bollinger Bands will be used to guage the capacity of the stocks price to move and swing.

In this type of strategy, we will not be buy/holders. As stated previously, when a stock of Cramer's tanks then it is never mentioned again or mentioned again within an apology episode.

We just want to get in quickly on the pump and get out quickly before the dump which I believe to be the current overall strategy of this market. Get in before the pump and get out before the dump.
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Do you have any chart examples to show points 2 and 3 above? Some of your other points are too subjective. With point 6, how do you filter out "gonzo" companies? Isn't that part of what makes them speculative picks?...usually you won't have a stock that's both a "mainstream-type company" and also speculative. Why bother filtering Cramer's Friday picks? Just study all of them...there aren't that many.
 
How can stock trader say "because you listen to Cramer" you're an idiot and lack intelligence? Regardless of whether you agree or follow the advice or calls of any market pundit...knowing what's being said in the marketplace and by who is how you stay in the game. I don't care for Cramer at all..but if i were to tune him out completely and say "Who cares what he says" I'd probably find myself shorting the stock that's up 6% on the open on "no news." Stock trader, if you're better than Cramer, you should be trading against him. You should be able to use all information, good/bad, biased/unbiased to your trading advantage. Oh that's right, I forgot, you have a system, the "I buy only good stocks" system.
 
Quote from pdwst33:

How can stock trader say "because you listen to Cramer" you're an idiot and lack intelligence? Regardless of whether you agree or follow the advice or calls of any market pundit...knowing what's being said in the marketplace and by who is how you stay in the game. I don't care for Cramer at all..but if i were to tune him out completely and say "Who cares what he says" I'd probably find myself shorting the stock that's up 6% on the open on "no news." Stock trader, if you're better than Cramer, you should be trading against him. You should be able to use all information, good/bad, biased/unbiased to your trading advantage. Oh that's right, I forgot, you have a system, the "I buy only good stocks" system.
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My only 'buy good stocks that go up' system has done pretty well since I launched it a year ago, completely crushing Cramer and the market. On average my first set of picks are up over 40% since June 06, and this year looks to be another success.

Cramer sucks cause he recommends crappy stocks. Stuff that may rise 10 points in a week is he is luck but CRASH in the coming months.

I only watch the show maybe one or twice a month just to laugh at the idiotic callers.
 
The show is like this


Caller: BOOYAHHHHH CRAMER!!SKIIDADDY 1 I BOUGHT NYX AT THE 52 WEEK HIGH ..WHAT SHOULD I DO!!??????

Cramer: big booyahhh back at you. eh um eh uhhh i had the CEO on last week and he seemed like a nice guy. Mo back. I own on my street.com chartable trust fund.
 
" i had the CEO on last week and he seemed like a nice guy."

This brings up my point of Cramerspeak. Cramers perspective, there are only two types of CEO's, those who are proactive re pps and those who feel helpless. Now, what does he mean, when he says "seemed like a nice guy". Is he a proactive CEO or a type two?

Is he a nice guy who doesn't know shit? Define a nice guy on wall street or in business, the CEO has no detractors?
 
Im going to start posting to this thread tommorrow. I want to re-iterate the risk behind buying/holding Cramer stocks. Some will run while others will dump. Let the buyer beware. For example, SPAR. When it was in the 20s, Cramer was pumping it hard. It got to the 30s then dumped to the 20s...we dont hear Cramer talking about it anymore.

This thread is all about short-term trading Cramer's most speculative picks and not buying/bagholding. I can tell by the replies and views that this thread is about to jump...
 
Quote from michaelscott:

Im going to start posting to this thread tommorrow. I want to re-iterate the risk behind buying/holding Cramer stocks. Some will run while others will dump. Let the buyer beware. For example, SPAR. When it was in the 20s, Cramer was pumping it hard. It got to the 30s then dumped to the 20s...we dont hear Cramer talking about it anymore.

This thread is all about short-term trading Cramer's most speculative picks and not buying/bagholding. I can tell by the replies and views that this thread is about to jump...
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Putz...how is that rimm short?
 
Quote from michaelscott:

I have noticed lately that Jim Cramer's "Speculative Fridays" make excellent short term trades. CVTX seemed to keep going up for a few days after he picked it and now its OMTR. There have been a few others too.

Its very important to note, however, that I dont believe in holding these picks for more then a few days. I just like to get in around 10:30-11:00 on Monday on the dip and then ride them up, dump them late Tuesday or early Weds.

In this last year, Cramer has actually done very well with his calls. If you got in on some of the more talked about picks, then you would see a profit.

Now with any discussion involving Jim Cramer, I have to point out the fact that those stocks that crash are never mentioned again or mentioned again during an apology episode. There are many bad calls that he has made in the past.

Here is one good recent example. IOTN. It makes an energy beam system. If you got in when Cramer said to get in, then you would be looking at a 50% loss. Another stock is FRO. He told his viewers to get out of the stock immediately when it was in the low 30s and now the stock is in the mid 40s a few months later.

So in this thread, every Friday, I will be examining each speculative pick, pulling it apart piece by piece and giving you my opinionon why I believe it is good or bad and exactly what I would do to trade it....lets see what happens from there.
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Excellenet in what way? Pretty or profitable based ona a large sample size? Based on how many trades? Anything under 30 is statistically irrelevant.
 
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