Making Mad Money with Jim Cramer

CNBC's current scrolling caveat for Wild Man "always on the hunt for a bull market" Jim Cramer's Mad Money show:

All opinions expressed by Jim Cramer on this show are solely Jim Cramer's and do not reflect the opinions of CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information that Mr. Cramer considers reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC is related to the specific opinions expressed by him on this show.

Past performance is not indicative of future results. Neither Mr. Cramer nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the show. The strategy or investments discussed may fluctuate in price or value. Investors may get back less than they invested.

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Preemptively posted here on EliteTrader.com for the benefit of potential Jim Cramer's Mad Money front-run-overeds... ;-)
 
Quote from Choad:


I'm confused about the advice on Under Armour (UARM:Nasdaq) that Jim Cramer mentions in the column to the right. The advice on Mad Money that I heard was, "Even if Under Armour opens 25% higher than where it's priced and you don't get any of the deal, I still want you to pick up shares the moment it starts trading. I think it's only going to go up from there like iRobot."

The stock opened at $31 and is now at $25.41. How that benefits the individual investor escapes me. The idea that the average guy is going to get an allocation of a hot IPO is simple ridiculous. What actually happens is that the average guy ends up chasing the stock and the market makers stick it to him. That sure looks like what happened in this case.
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25% is far different than the 100% that it opened up at. UARM was supposed to go for $13 at the end of thursday, so when it opens at $31 on friday, it's clear to me at least, don't touch it. he said 25% that would be if it opened at 15-16 bucks a share. At 15-16 a share cramer thought UARM was a buy, at least thats what I got from his advice on the show.

I'm not home so I will have the spreadsheet updated on monday. Good Trading to you all!
 
Quote from Cramerholic:

25% is far different than the 100% that it opened up at. UARM was supposed to go for $13 at the end of thursday, so when it opens at $31 on friday, it's clear to me at least, don't touch it. he said 25% that would be if it opened at 15-16 bucks a share. At 15-16 a share cramer thought UARM was a buy, at least thats what I got from his advice on the show.

I'm not home so I will have the spreadsheet updated on monday. Good Trading to you all!
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I missed the last couple shows. Have to admit that I usually watch ole Crazy Jim.

Sort of like that horrendous crash on the interstate you can't help but stare at!

Good trading to all.

C
 
Love your journal and how you are tweaking it. I was going to suggest you not buy at the open. I would say 90% of his picks gap up 40 cents and a lot more before the open.
I will check some of his picks in earlier months to see if your new system works better. Only need to pick 3 out of every 5 good ones for a very profitable day.
Also, if someone has access to an after hours trading system and can buy at a good price as soon as he announces, it would be a sure money maker.
Finally does anyone know if his radio picks correspond with the picks on his show later that evening?
 
Again, So far this month we have:

Realized Gains: $3,667
Unrealized Gains: $1,507
Total Gains: $5,174

Max invested at one time: $80,000

Holding 14 positions right now for $70,000

Attached is the spreadsheet.
 

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Get to Work on Deep In-the-Money Calls

By James J. Cramer
RealMoney.com Columnist
11/21/2005 4:47 PM EST
Click here for more stories by James J. Cramer
Tough to fight this tape -- no, make that brutal. We are in the season when people can't help themselves, where managers feel they can tack on points just buy buying stocks and where sellers, so prevalent when mutual funds were taking gains and losses, now seem to only sporadic in nature.

Plus, this week is one of those weeks where you can just feel the bullishness if you walk down Wall Street.

How would I play this?


What I used to do, in moments like right now, was pick the five strongest stocks, stocks like Apple (AAPL:Nasdaq - commentary - research - Cramer's Take) and Broadcom (BRCM:Nasdaq - commentary - research - Cramer's Take) and Marvell (MRVL:Nasdaq - commentary - research - Cramer's Take) and Google (GOOG:Nasdaq - commentary - research - Cramer's Take), and buy deep in-the-money calls on them for February or March.

I would use them as my proxy for when managers start throwing money at winners.

I would get 1,000 in of each, and then I would hope they came down!

This strategy, which I used almost every Thanksgiving week until 2000, when I knew I was hanging things up at the ol' hedge fund, worked nine out of 10 times.

Go to work.
 
Pretty good week for the market, which also means good week for the plan.

Here is how the month is looking to date:

Realized Gains: $5,666
Unrealized Gains: $ 566
Total: $6,232

Currently holding 12 positions for $60,000.

Max buying power used in plan $85,000.

Return so far: 6,232/85,000 = 7.33%

Winning %: 58.82%
Win/Loss Ratio: 2.21:1

Not bad, not bad at all, and December should be just as good I think.

Attached is the spreadsheet.
 

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