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  #1  
Old 01-20-2018,
5GArz2nS9x 5GArz2nS9x is offline
 
Join Date: Apr 2017
Posts: 0
Default Cramer's suggestions are often wrong

I wonder what happened to those people who listened to him when he announced that the Feds were going to stop raising rates back when GM first anounced their problems. Check out what Chk is selling for now. It wasn't that long ago that he was saying it was what you needed in your portfolio because wallstreet loved chk. I still remember when he got in trouble when he got ratted out by an employee at the hedgefund he was running for telling Maria Bartiroma that certain stocks would be good investments. I've lost a ton of cash by listening to him. Be careful with this guy or you can lose you nest egg. I'm looking for someone out there that would advise me that the Feds probably would keep raising rates back when GM made their announcement. I'd like to find someone that would tell me not to have bought chk back when it was so high because it was oversold and would probably come way back down. He just needs to not try so hard to sell the listener on his bad advice. He needs to advise listeners that there are basic reasons not to follow his advice. I really think he should give the listener the odds of his advise not being good advice and if you follow it you can lose your shirt because he is often wrong. He'll still get paid but when he's wrong and it will be your money that is lost. Trust me only risk a small amt of your portfolio with this guy's risky recommendations.
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  #2  
Old 01-21-2018,
4byra6ka_tub 4byra6ka_tub is offline
 
Join Date: Dec 2014
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You should never do anything just because Cramer said to, you have to do your own investigating and agree with the reasons why Cramer likes the stock so that it becomes your trade and not Cramer's.

For example, when Cramer was pumping Chesapeake, I looked up their balance sheet, cashflow, historic prices, insider trading, etc. to see if I thought it was a good enough risk. Then I researched natural gas to see if there was a really a bullmarket in natural gas and I concluded there was. When I purchased Chesapeake, I was making that purchase because I thought that it was a good trade- I didn't do it because Cramer thought it was a good trade. Admited I really don't like a lot of Jim's picks, but like he says you have to do your homework.
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  #3  
Old 01-22-2018,
3susazmexvqhqkh 3susazmexvqhqkh is offline
 
Join Date: May 2017
Posts: 0
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Is he right or wrong? There are two sides to the argument. He's been pumping some of these energey stocks on his radio show for quite some time so if you were lucky enough to get in when he started pumping them, you probably made a lot of dough. If you were unfortunate enough to get in on them recently because of his TV show when he was still pushing them, you probably lost some dough. It's all relative. I think he can be a bit irresponsible on his TV show at times, but he does ALWAYS warn viewers to do their own homework first.
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  #4  
Old 01-23-2018,
1rfI3Iv0kY 1rfI3Iv0kY is offline
 
Join Date: May 2017
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You don√Ę‚‚¨‚„Ęt have to be right +50% of the time to make money; Cramer has said that on his show before. I play penny stocks and if I can get 1 out of 3 stocks right then I am sitting on some nice profits. Most of the stocks on his show are from the viewers who call in, and then he has 5 seconds to make a decision. I don√Ę‚‚¨‚„Ęt know about you but I spend hour√Ę‚‚¨‚„Ęs doing research and might even study a stock for 6 months before I buy.
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