I am just going to post these up so I can refer back to them easily later in the year: MO GS HAL NYX AAPL CSCO LVLT RAD SVNT
Cramer was on the Colbert report on the comedy channel today.Cramer said viewership of Madmoney is 140,000.I think most of those have already called him.He must be pulling down some serious bank.hehehehehehe.
Thanks for the heads up, I'm on the west coast and will tune in. Colbert should have a 1 hour show he is one of the best interviewers around and a 5 minute interview just doesn't cut it.
for future reference. all prices are the day AFTER mention. open / close / (avg high/low) MO 87.49 / 87.65 / 87.31 GS 200.22 / 198.85 / 199.37 HAL 29.87 / 29.23 / 29.545 NYX 97.22 / 102.39 / 99.875 AAPL 85.77 / 85.05 / 85.30 CSCO 28.44 / 28.47 / 28.31 LVLT 6.18 / 6.08 / 6.095 RAD 5.85 / 5.75 / 5.74 SVNT 12.45 / 12.74 / 12.605
I can go either way on Cramer. I watch his show, and read a bit of his book...but I also know that he's ultimately a showman that needs attention, for whatever reason. As far as his track record goes, I believe (someone confirm please) that his hedge fund averaged 24% annual returns after fees, and that the fund beat the S&P in 13 out of 14 years. If you want a measure of performance, that's probably more objective than looking at his picks on the show...because it's too subjective to guess where one stock "should" have been sold or bought, etc. In my opinion, he's setting himself up for high criticism...anyone who publicly touts dozens of stocks per evening is going to be wrong a lot. True, it did sounds like Cramer was using all the morally questionable means of trading stocks that he could think up while at his hedge fund. But by the same token, you'd think that if he spent his life trading on insider information, that he'd do a hell of a lot better than 24%. So one has to wonder just how many of his trades were done on the inside.
max, please stop defending cramer. thanks. He can't even put in a stop. WRONG. he COULD have set up his paramaters to put in a stop. he chooses not to. he "doesn't believe in stops". don't believe that "he doesn't believe in stops"? fine. shut up your ass, and do the research. the quote is out there, in cramer's writings. 24.5% with those restrictions doesn't sound so bad. funny - last week, you were saying that "that (his performance) obviously stinks". http://www.elitetrader.com/vb/showthread.php?s=&threadid=84461&perpage=6&pagenumber=6 and the s&p's performance has the exact same restrictions, no stops. by the way, have you read cramer's book _confessions_?