2006-06-16 05:01:28 · 10 answers · asked by okronbon 3 in Business & Finance ➔ Investing
Better to short his picks. There are so many lemmings following Jim that you may as well take advantage for now, eventually people will get smarter. Hopefully not too soon.
He's entertaining and on occasion has a good pick here and there but remember what he always sez. Do your own research before buying a company.
2006-06-16 05:16:24 · answer #1 · answered by reallyno 3 · 1⤊ 0⤋
1
2016-12-24 04:15:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Take a look at his performance when he ran his hedge fund. He was getting 20%+ returns in a time when the major indexes were down. With that said, remember that he is doing a TV show that is meant to entertain as well as inform. As for his picks, he gets it right more often than he is wrong, but I have to admit that some of his picks are pulled straight out of his behind and I have no clue why he recommends some of the things he does.
2006-06-16 05:08:09 · answer #3 · answered by The Krieg 3 · 0⤊ 0⤋
Like any other stock personality, Cramer is as often wrong as right. I watch his show every day, using it as 1 more research tool. I am a value/fundamental investor so alot of his picks dont work for me, but every so often, he has info i havent found anywhere else or a pick that deserves further research. Anyone who invests on someone's recommendation w/o doing their own research deserves to lose their ***.
2006-06-16 07:43:10 · answer #4 · answered by Scott H 1 · 0⤊ 0⤋
I have watched his show for a year now....before that I couldn't care less about stocks,bonds anything relating investing.
I've noticed that in order to make any real money is to have allot of capital to start with.
he would say i.g. buy @ let's say $26 then sell at $30. $2 dollars a share is not worth it for a small investor.
I have learned allot from him. If you just buy/sell just on his word is NOT smart on the listeners part.
and not every one can follow the market like he does.
but I like one thing he say es...buy and hold does not make money.
so 5 years ago if you bought wal-mart or Microsoft you made NO money. so you held these stocks for 5 years you could have just put money into bank c.d's and made more money.
If any one is right just 30% of the time you are doing alright.
my guess is that anyone who sayes his picks stink,they bought/sold without checking out the stock first.
If he told people to jump of a bridge would you do it?
2006-06-16 07:43:14 · answer #5 · answered by barry_myster 5 · 0⤊ 0⤋
YES!! including, no doubt, Jim Cramer.
2006-06-16 05:06:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Just like anyone else, he can't see the future. Sometimes he's going to give good picks and sometimes his picks are going to be awful. If you're going to watch his show, watch it for the entertainment value and not necessarily to follow his word like gospel.
2006-06-16 06:37:41 · answer #7 · answered by Jason 3 · 0⤊ 0⤋
Yes, I do think he is $uck and full of crap. I suspect this guy is using the pump and dump scam. Watchout, help alert other investors not to fall in this moron trap.
2006-06-16 05:56:02 · answer #8 · answered by THINKMAAN 5 · 0⤊ 0⤋
The folks at this site think he is. They claim their monkey is a better stock picker than Jim:
2006-06-16 06:08:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋
yes
2006-06-16 05:08:00 · answer #10 · answered by peaches_n_cream10331 1 · 0⤊ 0⤋