Im surprised no one on ET has just created a spreadsheet of Cramers calls. That way we could end the debate once and for all between the pro-Cramer and anti-Cramer crowd. As it stands, everything is so vague and ambigous because some call Cramer may have made months ago might drop 30%, scream back above the price that he told the sheep to get long at, and the pro-Cramer crowd declares victory. Problem now is Cramer is dealing with a "bearish" market in stocks and this guy has proven to be a giant dud in a bear market, so we will see... Senor Zen
You just have to play it like Rearden Metal who does contarian plays on Cramers calls. Like last time, for instance, he went against JC and made money. Cramer was correct on the call... hey.... wait a minute...
Take a look at this column from Feb 2000: http://www.thestreet.com/funds/smarter/891820.html Cramer's picks in this column are down over 95% if the company even exists. His picks: xynx,arba,isld,exds,insp,inkt,merq, snra, vrsn. DS
the problem is cramer is a trader. Remember GERQY? He reguarly changes his mind in 24 hrs. He reversed to a long side bias on stock he had been touting everyone to get out. How you can you track performance like that. He is a trader. however, he says his fund did 25%+ including all fees when he managed it which is terrific but I dont know what the average fund did during his time. He's recommending a sell on aapl now he was wildly bullish until the last earning report. Now hes wildly bearish as an example. I enjoy watching him especiallly when he switches his opinion literally days after he told someone to buy uby buy and now its a power selll! Another example is infospace, he was telling people to buy that. Will be fun to see if someone calls in today what he will say. (BUY BUY BUY on infospace!) (INSP)
Bottom Line is he was one of the top hedge fund managers in the biz and he makes people money with his advice. As long as he makes people money, people will follow him. Period. So stop being jealous. If you don't want to follow him then don't and let those who do follow his advice, follow him. Jeez, seems like you people can't go a damn day without bitching or griping about someone or something.
It speaks for itself. You people follow his advice, probably got jacked, now you're venting his frustrations out on him. Please, shiit happens, get over it and move on. The fact that all these people responded to this string is proof enough that most, if not all of you, follow him or listen to him.
I think everyone's "picks" from 2000 are down 80-100%. Isnt' it nice that stocks generally give some sort of sell signal? I'm sure that JC must have some knowledge of this. Why, I bet he even said sell, on all of them.
i listen and read his site every day. that is how i know his record. he does have a few good writers on his site and has some good info on his show when he talks to ceos. if you scalp his show picks you can make some money because he has a loud microphone now and can move stocks for a day. that isnt his listener though. his listener is mom and pop and he is burying them in some junk. he is just like everybody else some good picks many bad picks and overall his action alert portfolio is negitive even though he is able to hype his picks on national tv.