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Old 02-26-2018,
4byra6ka_tub 4byra6ka_tub is offline
Join Date: Dec 2014
Posts: 0
Default Problems with Jim Cramer's Mad Money Performance

Ever since I started in this business, I have cared passionately about my record. I prided myself on making sure that people knew how I was doing at all times. I also insisted that my record be audited by others, outside my control.

I am doing that same thing now right here. I want people to be able to see exactly what I say, when I said it, and how I feel about each stock now. I am doing this because my personal reputation is at stake and nothing is more important in business than personal reputation.
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Old 02-28-2018,
2ZyHUBCQZj 2ZyHUBCQZj is offline
Join Date: May 2017
Posts: 0

With that, I turn my performance monitoring over to this unique service and I thank you for taking the time to monitor me, as you should, regularly, to be sure that I am doing my job in trying to make you Mad Money.

Mad Money Performance only tracks picks for the last two months, however. One might speculate that Mad Money Performance has only been tracking picks for two months, thus they only have two months worth of data. This is false; the original website had been tracking picks for at least the past 3 months. In fact, the main page explicitly states that only the last two months of shows are tracked.

The fact that only the last two months are tracked in several cases covers up the fact that Cramer has often changed his position on a number of stocks often in a short amount of time.
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Old 03-01-2018,
3YSavXm4lk 3YSavXm4lk is offline
Join Date: Apr 2017
Posts: 0

For example, Corning (GLW) has long been recommended by Cramer for many months. Approximately two months ago, however, there was a period of time that Cramer was bearish on the company. Looking up Corning on the website only shows one negative recommendation followed by four positive recommendations. The original positive recommendations before Cramer turned bearish on Corning are not there.

Another famous example is China Medical Technologies (CMED). Cramer originally was very bearish on it, changed his mind once he found out GE and some other American companies were involved with it, and has most recently changed his mind again. Again, the website only gives a partial picture of this.
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Old 03-02-2018,
2Tu3yyckcU 2Tu3yyckcU is offline
Join Date: Mar 2017
Posts: 0

Although it can be strongly argued that Jim Cramer has changed his mind based on valid events or information, it is still alarming that only the last two months of shows are tracked. It can also be argued on the contrary by bringing up several more examples in which Cramer changed his mind. Why only two months? Is it only two months for technical reasons? Or perhaps www.thestreet.com doesn’t want to offer enough information to make meaningful long term analyses of Cramer’s recommendations?
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Old 03-03-2018,
admin admin is offline
Join Date: Dec 2010
Posts: 997

You can't track Cramer with any amount of accuracy simply because he doesn't actually make very many sell calls. Most of his sell calls are "don't buy" calls. He did that recently with MSO at 18.00 which was still a ways from his entry prices of 31.00 and 25ish, but well off the sub 15.00 low. Most of his short term in and out trades are poorly executed. He failed on SIRI at least 4 times that I can think of. You mentioned GLW. He got in at 21+ last time up. As soon as he got in it tanked to 18.00ish. He gave no advice. He just pumped it again the last time up above 21.00. How poor of a trade has this 3 month debacle that is GLW been so far for Cramer? Luckily for Cramer he got GOOG right. He can hang his hat on GOOG since it seems he has given up on SHLD. Otherwise Cramer is a very poor trader that makes his best gains just after he tells the masses about his new favorite play. Why do we even have to track his results? :?
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