Wondering if anyone has had any issues with his picks?
2007-04-14 11:31:35 · 4 answers · asked by Hello11 2 in Business & Finance ➔ Investing
Cramer often gets picks wrong. Remember he is making picks on the fly and a lot of them. As soon as you heard it so did everyone else. I think he's very entertaining and very smart but you aren't getting his best picks via Mad Money. If you are interested in seeing how he has been doing go to the motley fool site for CAPS www.caps.fool.com and search for the player trackjimcramer. I think that will show you on a percentage basis how he's doing.
2007-04-14 11:36:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Of course he'll get plenty wrong...but you should realize that when you first decide to pay attention to him. The market can be brutal...some picks that absolutely SHOULD do well or take off...just never do! One of his that comes to mind is Dick's Sporting Goods...he gave it a rec...but it faltered and plunged bad.... NOW, about eight months later, it's flying! In the meantime he said " get out, I'm sorry" about ten times!!
But he's had some " beauts" too... was it Alleghenny last year ?Nailed it early and it really made money!
The " Fast Money" boys are pretty good , too...and they get a second opinion on most of the things they talk about... I've made nice money with Eric Bolling... and in Saks ( from Macke)... but I'm sure they mention a dog once in a while,too.
Everything, everywhere..with a grain of salt.
Good luck.
2007-04-14 11:56:30 · answer #2 · answered by jebediabartlett 6 · 0⤊ 0⤋
Both Cramer and the Mad Money guys get their stock picks wrong. Their advantage is though that they can revisit their stock picks and explain why it didn't work and what they're waiting for... that way, if one doesn't pan out, all they need to do is wait until it does. Good luck!
2007-04-14 16:25:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
There is no one that gets all "picks" correct. Cramer is entertaining, somewhat educational & very dangerous to your investment dollar.
Learn investing. Research & make your own picks. watch Cramer for fun.
2007-04-14 16:52:02 · answer #4 · answered by Common Sense 7 · 1⤊ 0⤋
They all get some wrong. That's the nature of this business. The key is to let your winners run when they go good, and cut your losses short when they occur. Discipline.
2007-04-14 12:08:01 · answer #5 · answered by Kenteman 3 · 0⤊ 0⤋