Cramer watch #1

[Po_d Mainiac]

Just for chits and giggles, I’m going to look back on the calls made by the CNBC douche nozzle Jim Cramer, on their 30-day anniversary. I’ll try to get a post up daily for a while, but if I miss a day, It means I was casting flies on the Kennebec River till dark o’clock.

http://www.cnbc.com/id/31324413

First let’s look at (MI) Marshall & Ilsley Corp. Red flag flying, it’s a bank. A quick look at the fundamentals indicates EPS in the negative, with projected EPS going the same way? On 12June09 as Crappy Cramer made his recommend “buy” call, the stock closed at $6.06. At the close on Friday (7/10) the price was $4.46 and it went down the shitter even further during the after hours trading (albeit on light volume) to $4.25! The 30 day mountain chart looks like a ski slope with the 12June price as the summit. Had you followed the advice, you’d be out 25% +/- your investment. Hellova call there Jimbo! :puke:

Second stock on his buy list for that session was (RSH) Radio Shack, but strictly for the short term. Is 30 days a “short term” to hold a stock? At the close on 12June09 shares were priced at $15.11. On Friday July 10th, the close was $12.93. Much better job calling this one, it’s only down a mere 15%! :hurts:

This idiot with used toilet paper stuffed between his ears should be held accountable.

Thursday the 16th will be interesting. Last month he called the "official" bottom of residential housing. His calls ain't lookin too sweet at the present. Just 4 days to go till the 1 month anniversary!

[Jane Austin]

1. I hope you'll keep a journal for these.

Very interesting.

[Turbineguy]

2. There's actually a website

that tracks the accuracy of Financial Gurus

http://cxoadvisory.com/gurus/

[Po_d Mainiac]

3. Cool! Thanx for the link. n/t

[Turbineguy]

4. And I look forward to your updates!

[pokercat999]

6. Thanks for the link. The results of the so called "experts"

confirm my suspicions that the whole stock market investment thing is nothing more than a huge casino. In so much as it's very difficult if not impossible to accurately predict the short term outcomes of any gambling enterprise I might suggest that the answer to making a profit in stocks is more likely accomplished through the manipulation of one's "bankroll" than through the actual picking of winners and losers on a day to day basis.

Thoughts, anyone?

[live love laugh]

7. I don't see Cramer on that list of "gurus". Do they track him too? nt

[Turbineguy]

8. Try this one:

http://www.cxoadvisory.com/gurus/Cramer/

[UpInArms]

5. k&r!

:thumbsup: