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Tensions Explode On CNBC, As Simon Hobbs Tells Cramer: "You Told People To Buy Bear S
- Thread starter SteveNYC
- Start date
Quote from newguy05:
I refuse to believe someone is this fucking retarded. Some retail joe sixpack asked him if bsc is fine, do you really think cramer's answer meant the stock is not ok but if you have a few millions it's ok to put it in their wealth management?
The guy clearly asked him how's the bsc stock, and his answer is it's fine.
It's amazing all those talking fucktards on cnbc can say this bullshit with a straight face. It's only after bsc collapsed did cramer came up with this bs explanation.
And what's your hardon with jon stewart? he wasnt the only one calling out cramer's bullshit, pretty much everyone except the cnbc morons did.
Look at the clip again. Cramer was asked whether to "keep money" at BSC. This was a question about safety of accounts there, not a recommendation to trade the stock.
aaahahhaha hilarious! Cramer is such a clown, i love it!
Made me laugh, thanks!
Quote from bwolinsky:
Look at the clip again. Cramer was asked whether to "keep money" at BSC. This was a question about safety of accounts there, not a recommendation to trade the stock.
Regardless, Cramer was consistently a buyer of Bear Stearns leading up to this day, based on recommendations from his own mouth. So even if you are correct, which is a big if, Cramer still crushed people with his advice.
GordonTheGekko
Guest
Quote from sprstpd:
Regardless, Cramer was consistently a buyer of Bear Stearns leading up to this day, based on recommendations from his own mouth. So even if you are correct, which is a big if, Cramer still crushed people with his advice.
Hate Cramer or not, the other guy is 100% correct, Cramer did not recommend Bear Sterns stock to that day (if so, I'd like to see a piece of evidence that says so). He was speaking on behalf of customers keeping their money there, which by the way, all of their customers got their money back.
Quote from GordonTheGekko:
Hate Cramer or not, the other guy is 100% correct, Cramer did not recommend Bear Sterns stock to that day (if so, I'd like to see a piece of evidence that says so). He was speaking on behalf of customers keeping their money there, which by the way, all of their customers got their money back.
I don't see why no one understands this. Nice alias.
As I explained earlier in the thread: it is possible Cramer's website thestreet.com had buys on BSC, but those are automated programs and if they were showing buys, it was probably because of the $50 difference in bvps over $30 or a book value 150% above the current market price. I don't believe Cramer personally recommended nor invested in BSC, but it is possible his algorithms rated BSC a buy but I don't think they did and I wouldn't be surprised if they did either.
Quote from GordonTheGekko:
Hate Cramer or not, the other guy is 100% correct, Cramer did not recommend Bear Sterns stock to that day (if so, I'd like to see a piece of evidence that says so). He was speaking on behalf of customers keeping their money there, which by the way, all of their customers got their money back.
i posted this a couple years ago. it's still relevant now:
"bear is now one of these companies that's selling well below book...normally with a brokerage i want to buy in the money calls...i'm a little gunshy at this point, but i know that i would buy a small position in bear options because it's too low, it fell too fast, and i don't want to buy a position when the stock is up."
http://www.thestreet.com/_rms/s/cra...eo/cramermarketupdates/10407225.html#10407225
(my original post is here:
http://www.elitetrader.com/vb/printthread.php?threadid=156642)
GordonTheGekko
Guest
Quote from bwolinsky:
I don't see why no one understands this. Nice alias.
As I explained earlier in the thread: it is possible Cramer's website thestreet.com had buys on BSC, but those are automated programs and if they were showing buys, it was probably because of the $50 difference in bvps over $30 or a book value 150% above the current market price. I don't believe Cramer personally recommended nor invested in BSC, but it is possible his algorithms rated BSC a buy but I don't think they did and I wouldn't be surprised if they did either.
Are you stupid? He did not recommend BSC on his show, regardless of what he thought of it... get with it and stop this nonsense of buying algorithms on his website that I don't think exist.
Quote from GordonTheGekko:
Are you stupid? He did not recommend BSC on his show, regardless of what he thought of it... get with it and stop this nonsense of buying algorithms on his website that I don't think exist.
Is Simon Hobbs talking about buy rec. of BSC on his CNBC show or on his thestreet.com website?
The quote is:
"You told people to buy Bear Stearns!
Hobbs didn't say:
"You told him (the caller) to buy Bear Stearns!"