2007-02-26 03:44:56 · 6 answers · asked by ? 1 in Business & Finance ➔ Investing
If I sold chairs for a living, I would like him. As a trader, I'm not impressed. I know too many people who think that noise and repeating an assertion makes it a more solid fact. Track him. Since I don't pay him any attention, some of the folks I've read who did track him aren't impressed either.
The man is a showman who is publicly doing the self-fulling prophesies that we bemoan the much quieter email pump and dump nonsense, "We have a runner!". A guy who USED to make millions trading stocks impresses me, but when he acts like he's lost his marbles, I stop being impressed even if a few of them are right from time to time.
2007-02-26 04:28:11 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
Jim Cramer is a showman. He definitely has an effect on stock prices the day after a show, due to his large following. However, this bounce tends to disappear over the next week or so. He is on TV to make money not to help the average Joe. While he does recommend some good companies it is still necessary to do your own homework.
2007-02-26 04:13:27 · answer #2 · answered by Charles C 2 · 0⤊ 0⤋
Not a lot. He is artificially generating share volatility through media exposure. He has called some good share price upward movements- Starbucks being a recent example. However generally he is not very helpful as one week he will recommend to buy a share and the next sell it with no news or significant price movement.
2007-02-26 06:43:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
He's a TV personality and every time he recommends a stock that I already own, somehow, the price goes down for a while until all his devotees move on to his next recommendation and leave my stocks alone.
I personally hope he never figures out what all is in my portfolio because his recommendations always manage to have a negative effect on me.
2007-02-26 04:40:52 · answer #4 · answered by Faye H 6 · 0⤊ 0⤋
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2015-01-27 11:49:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋