Tonights Mad Money, Jim Cramer "I have let down my viewers" - show getting cancelled!

Discussion in 'Trading' started by jackstone54, Mar 31, 2008.

  1. First, read this article....


    "Big Pharma is cheap, but for all the wrong reasons," Jim Cramer told viewers during a special third-anniversary edition of his "Mad Money" TV show Friday.

    In front of a rousing studio audience, Cramer called the drug stocks one of the worst-performing sectors out there.

    Cramer blamed much of the sector's problems on fears that the Democrats will take the White House in November. But he said drugs would not be adversely affected if that were to happen. Instead, he said, investors should be more worried about the impact on oil and energy stocks if the Democrats win.

    Cramer cited both Schering-Plough (SGP - Cramer's Take - Stockpickr), a stock he owns for his charitable trust, Action Alerts PLUS, and Merck (MRK - Cramer's Take - Stockpickr) as his favorites in the sector even though both stocks have been down 28% year-to-date.

    He called Schering "one of the cheapest drug stocks out there based on its growth rate," and he touted the company's Zetia and Vytorin drugs as blockbusters in the making. As for Merck, Cramer liked both the company's cholesterol drugs and the promise of its HPV vaccine.

    Then he recommends Schering-Plough again in the lightning round on March 18th...

    In this article 3 days before today he states that Schering is his favorite stock, #1 of all time...

    "Random musings: The bottomless Schering-Plough (SGP - Cramer's Take - Stockpickr) is so painful, but there was a 5-million-share seller, no doubt anxious to clear the decks for one of the biggest losers of the quarter. Meanwhile we have scrips turning up for Vytorin and earnings numbers going up. I believe that this is my favorite stock now that Altria (MO - Cramer's Take - Stockpickr) is splitting into two. "

    In fact, there are 27 articles/tv shows where Cramer pumps Schering-Plough...


    16 different mentions of Schering on Mad Money in the last 6 months....all with calls to go "all in"...

    03/28/2008 $19.47 - 26.0%
    03/18/2008 $19.90 - 27.6%
    03/14/2008 $18.76 - 23.2%
    02/28/2008 $21.97 - 34.4%
    02/12/2008 $21.83 - 34.0%
    02/08/2008 $19.77 - 27.1%
    01/25/2008 $19.02 - 24.2%
    01/08/2008 $26.85 - 46.3%
    12/19/2007 $26.29 - 45.2%
    12/03/2007 $30.81 - 53.2%
    11/27/2007 $29.46 - 51.1%
    11/15/2007 $29.33 - 50.9%
    10/23/2007 $29.46 - 51.1%
    10/22/2007 $28.34 - 49.2%
    10/10/2007 $32.34 - 55.4%
    10/05/2007 $32.56 - 55.7%

    Now that we have Cramer's love for Schering out of the way, lets fast forward to the present and here it is....}&siteid=yhoof

    "U.S.-listed shares of Schering-Plough plunged 27% to $14.25 in afternoon trading, while Merck's shares tumbled 17% to $37.10, as investors began to price in the expected loss of Vytorin sales."

    it gets better....

    "I know I have let down my viewers," Jim Cramer told viewers of his "Mad Money" TV show Monday.

    He apologized to viewers for standing behind Schering-Plough (SGP - Cramer's Take - Stockpickr), a stock which he owns for his charitable trust, Action Alerts PLUS."

    Finally, I will leave everyone with a chart that I created. The start date of the chart is 10/05 when Cramer started pumping Schering...

  2. selecto

    selecto Guest

    So busy being Mr. Wonderful and giving money to charity that apparently he didn't have enough left over to buy a ruler.
  3. I was listening the other day (give me a break, the drive home is long and I've got XM), and I believe he said he had given away $400k through the trust. $400k isn't anything to sneeze at but sheesh, thats much smaller than I imagined. Kind of hard to give away profits when there are none I guess..
  4. OK in the subject it says the show is getting cancelled. Where is a link to that? I see no indication that this is the case.
  5. I wonder what the odds are that Cramer was naked shorting that stock all the way down.
  6. So is the show canceled or what?
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  8. that video is old man, dont make a post stating its getting canceled if its not.
    #10     Apr 1, 2008