What about Goldman Sachs. He gave it a big Bull sound effect just a few weeks ago (when it was trading at $110).........just the other day he says....No! I'd rather you be in Bear Sterns. ??? Time to tweak the meds, maybe?
I have a few questions for you people. How many of you retired filthy rich? How many of you have a financial show on CNBC that has a cult-like following with substantial influence?? How many of you have a bestseller investment book right now being sold in all major bookstores??? How many of you ran one of the most successful hedge funds in wall street history??? Yeah... I didn't think so. SO shut the hell up.
My point about Mad Money is that if you can look past/sort through the entertainment (any due) value of the show, the end result is that there is no real difference (read:worth) between his advice and the advice that you can get practically anywhere. The candy-coated show is of course successful because it suscribes to the "dumbing down" of society in general. Give 'em sound effects, cute graphics, and a self-proclaimed madman flailing his arms, spitting, sweating, and as a previous poster mentioned making a fool of himself, and you'll have a hit. More power to him, of course, because I'm sure they're paying him a ton of money to do it. Someone really needs to track his advice and see how he truly does. Finally, I'm not sure if that USA Today quote referring to him as "electrifying" does us any good. I'd rather make money than be "electrified". He seems more electrocuted have the time.
i try to follow his picks. you cant really pin him down enough to follow his picks. he says so much and flipflops so much that you cant figure out where he stands. his aa portfolio performance is much easier to follow and there his picks are poor at best. he makes a few good picks and a few bad picks but his overall performance is bad because his style has you buying dogs all the way down.
Paris Hilton? was he trying to pump HLT? i see its up 30 cents this morning That show is a complete joke...the first time i tuned in he was walking around with a post-it-note stuck to his forehead cause i guess he said to "buy buy buy" a few days before the stock tanked $4+ LOL
He was recommending CKR for a trade based on the upcoming ad campaign starring Paris. I shorted at 17.1 after hours and covered for a miniscule gain this morning, I can't believe the stock is actually hanging in there. Living on the west coast gives me a reason to stick around and trade afterhours, and his show has provided a lot of trading opportunities if you're quick.
boy thats up 4.5% on big volume...how has shorting his picks after hours and covering at the open worked for you with his other picks? You have any success just buying at the open and selling 30-40 mins later on the stocks he pumps? I'm just curious because i get the impress that many people watching and taking Cramer's advice are long term retail investors that wont be trading AH.