with the market in a mess and down is anyone actually buying stock now?

[dabuffguy]

that's only one instance. if you followed all of his advice, you probably would have lost money. anyone can be right, or wrong. if it were only that, i wouldn't dislike him so intensely. he's garnered a lot of negative attention during this bear, and not just for making calls.

he has a habit of lying. watch this clip and read the entry if you're curious enough. you may come away with a different opinion, but it's clear for me. i also personally find his idiocy distasteful (the boo-yah school of investing doesn't do it for me).

he's infamous, anecdotally, for being a good contrarian indicator.

you know that a lot of people will follow his advice. they are responsible for their own investment decisions, but that doesn't absolve him of responsibility for taking care when he gives advice. he's not usually, if ever, advising on a short time frame of hours or days (you got in and out quickly enough).

Jim Cramer: You are a gigantic douchebag » Ad Terras Per Aspera

people are right, and peope are wrong. that's the game when you trade prequently. I've lost before, but I have made much much more than I have lost.

I like Jim Cramers show because it gets my brain thinking and considering more and more options. I don't watch it solely for investment advice, nor do I usually even buy the stocks he has advised. I've actually only bought stock he's sugested 3 times, and 2 times I made money, apple I did really well on. The other time the stock was up and down 1-2% and I broke even when I sold to invest elsewhere.

I have watched lots of the stocks he brings up on his show, some dive, some jive. I don't consider him a "wiseman" by any means, I just enjoy his show for the entertainment factor, and the brainstorming it gets me into.

 

[Raptorex]

buy high rated double tax free municipal bonds

 

[PICK3]

with the market in a mess and down is anyone actually buying stock now?

yes, if by "stock" you mean hookers and a-lube

 

[Raptorex]

In my opinion, Cramer is fucking idiot and he screwed a lot of people with that Wachovia bullshit.

 

[jackangel]

can't spread to you, dabuffguy, but my k msg would have read: it's not just his calls, as i said. but fair enough. there's always value to be found somewhere. i'm glad you don't trust his calls like many probably have.

as for me, i've been excellent at losing my own money over the last few months without the help of a douche-cunt like cramer. aside from his advice, i primarily dislike his demeanor. although i keep CNBC on a lot (largely by default because i'm not watching something else), it has a bunch of idiots. dennis neale, larry kudlow (fuck this ass), etc...most of the rest are just empty heads which regulate conversational traffic. 95% entertainment. they were playing AC/DC this morning.

that's nice.

 

[gotmilk]

I'm picking up Las Vegas Sands and Chesapeake Energy for long term holds....I'm hoping Sands drops to as low as $4. Venetian, Macau, and Sentosa Island in Singapore. Rich peeps still go to the casinos regardless.

I'm watching Audiovox as a takeover

Statoilhydro should rebound huge as they have deals to drill offshore in the Gulf and huge reserves.

 

[lartinos]

Unless you know inside information others dont, or know what you're doing (like REALLY know what you're doign) stay away from gambling, i mean, ahem, stocks.

Stick to your day job and providing for your family. Too bad many people didn't take this advice in the past 2 booms.

r

you're being overly cynical bro, too many good deals not to look into it.

 

[dabuffguy]

can't spread to you, dabuffguy, but my k msg would have read: it's not just his calls, as i said. but fair enough. there's always value to be found somewhere. i'm glad you don't trust his calls like many probably have.

as for me, i've been excellent at losing my own money over the last few months without the help of a douche-cunt like cramer. aside from his advice, i primarily dislike his demeanor. although i keep CNBC on a lot (largely by default because i'm not watching something else), it has a bunch of idiots. dennis neale, larry kudlow (fuck this ass), etc...most of the rest are just empty heads which regulate conversational traffic. 95% entertainment. they were playing AC/DC this morning.

that's nice.

I always consider what people have to say. I don't necessarily follow them, but looking into certain suggested investments have their benefits. Even if it helps you understand a little deeper of how things work, you'll be better off in the long run. Watch what happens without putting your money on it lots of the time can teach you a little something. Find out why i went up, or why it went down later and try and keep with industry profits and trends. If one compay in an industry is down, it's competitor could also be down, or it could be way up, being the reason for th eother being down due to market dominance etc. It's complex, but the more you look at it, and the deeper you get into the how and why's you start making wiser choices that lead to lots of money.

Trading right now is very risky day-to-day, but if you keep a sharp head and try not to be greedy, you can earn daily. Buy when a stock opens abnormally low in th emorning, it will likely exceed the previous day's closing price range sometime during the day, and sell it for 2-4% profit.

Like I said twice already, there are many long-term investment opportunities. consumer markets have been raped, but they will return to full stength in time. Netting 100-400% profit over a few years if you buy low and sit on it. Many stocks used to flying in the 80-100 range are in the 10-30 range. Buy the right ones, and you'll be a happy camper.

 

[b0und]

If buying stock right now you could also take a leveraged short position with a stoploss on it simultaneously. That way you are hedged if the stock drops you gain on the short and don't loose either way.

If you are trading CFD's or derivatives that is.




b0und (doesn't have the nerves for CFD's right now)

 

[Lestat]

i thought everyone knew that Cramer was for entertainment purposes, I could see maybe throwing a couple thousands in a "play money" account and following his advice, but I wouldn't do any serious investing based on what he suggests. By the time he says something, its already old news and you've missed the boat... that is if you are lucky, the other option is that he is just wrong and you are throwing the money away.