Jim Cramer's Mad Money
Just this week, Jim Cramer started a new TV show on CNBC, 6:00 Est. Time. Although I've listened to his radio program for well over a year, I was really looking forward to the TV show. I think Jim is a smart guy, and he's made a lot of money in the past.
First off, Jim Cramer is not a day trader, and he's not for the small investor. I actually don't have enough money myself to invest in his strategies (he recommends at least $10,000), but I've been paper trading based on his advice from the radio show for about 6 months now, and am duly impressed. Of course, there is no substitute for doing your own homework, but Jim can point you in the right direction.
What I like about his tv show is you get all the charts and graphs of the stocks he is talking about. On the radio show, people would call in and ask about a stock, adn Jim would tell you what he thought and why. However, many times I had no idea what the stock was, and had no idea of it's history. Seeing the charts on the TV show can give you a crash course on that particular stock, which gives and edge over the radio show.
You can read more about Jim Cramer, and listen to his radio broadcasts at The Street
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Jim talked about a Property Mangement firm/Reit ? last week on his show.
The guest was from the same town as Jim.
Can anyone tell me what the name of that firm is ?
Jim talked about a Property Mangement firm/Reit ? last week on his show.
The guest was from the same town as Jim.
Can anyone tell me what the name of that firm is ?
I can't beleive you listen to this guy....
Did you know at the end of 1999 near the peak of the bubble, Cramer managed $173 million in his hedge fund, a year later it was down to $14 million?? Part of the decline was after he left but it was below $50 million before he gave up.
With a record like that why would any body listen to him?
Scott,
Good point about the hedge fund, and yes, I was aware of his track record.
The reason I listen to him is because he's moved away from day trading/options trading and into looking at good long term fundamentals of companies, which is more my style at the moment.
I have a friend who subscribes to his actions alert service, and he tells me the picks. I paper trade a combination of those and what he talks about on his radio show, and so far have a pretty good return.
Nathan
Read this about Jim Cramer, its great!
http://www.forbes.com/columnists/forbes/2000/0221/6504172a.html
Cramer was the biggest cheerleader for the NAsdaq at 5K, and now he's on the Energy bandwagon.
Cramer isn't a money manager, he's more like a clown, read his genius here.
http://www.forbes.com/columnists/forbes/2000/0221/6504172a.html
http://www.forbes.com/2002/03/01/0301cramer.html
Her's more of pump and dump Cramer for you
I like Cramer's show. The problem with following Cramer's advice is that he has a trader mentality which means he will often change his mind. I remember on Kudlow and Cramer when MSO went to 7 and he was saying to get out it was history and it would never go back up. He came in the next day and had a complete change of heart. A couple of weeks ago on his show he was saying to sell all of your tech and get into oil. The last two weeks oil stocks have been trending down and now he says it may be time to lighten up on oil. This of course means those who followed his advice will have to take a loss. I don't blame Cramer though and I'm sure he is a better trader than most but as a trader you know that you change your mind a lot. A lof of the time he is very right and a lot of the time he is very wrong.
Agree with you on Cramer's show kalan. He does have that trader mentality, but at the same time it is what makes him great. He's able to switch ideas on a dime if need be. His primary goal is to make money, not prove himself right. He is always willing to admit defeat if it means he can get on with making money somewhere else. I've begun posting Jim's Lightning Round and Pick of the week stocks up on my blog daily. Stop on by if you like, just click on my name. After a bit we can begin to track just how well Cramer does with the picks. Should be interesting.
BA, I will certainly join your blog. I would love to track his picks over time. Thanks.
If you want to dollar cost average into an index fund, Jim obviously isn't your man. If you want to make money, you must be willing to change ideas. That might even mean a change within a 24 hour period. Jim tries to read/feel the market & provide you with his insight. The market changes and he tries to see it. I like that. One of the links above seem more like an opinion from a person who got their feelings hurt, than any real facts against him. There are facts, but not in that article.
i totally agree - just like the normal stock broker he tells you when he calls right by 3 & 4% but he never tells you he's wrong by 50% like on nflx or tibco sftware and i could go on!! i think he knows and has good knowledge for the long haul but not a trader!!!
i totally agree. just like all other stock brokers he tells you when he's 3 & 4% right but doesn't tell you when he's 50% wrong like on nflx or tibco software and i could go on, but he does seem to know what he is talking about and he seems like he knows trends and stock picks for the long run, but not for the one or two day trade!!!
I love Cramer as an entertainer with a great show but you have to do your own homework because no one has a crystal ball. But yes, I've noticed how stocks go up and down as some people must be following his tips. I'm not so nieve to think he's not making a bundle also. Thanks to J T Tucker for the Forbes article.
