rmo

RIO's Rising - Cramer's Lightning Round (6/9/08)

I have witness Jim Cramer being wrong a lot in his positions in stocks. What I resent is his lack of integrity in the process of doing so. Yesterday, he was disparately maintaining his counter intuitive call to sell-off all but twenty-five percent of ones position after the announcement of Apple's iPhone. For all those would-be-defenders of Cramer, watch the stock climb despite his call and let me know when this little man concedes he was wrong. I'm very comfortable with the notion he won't because he's done this many times over and never admits it or apologizes for it. Yes, in a very strategic move he admits a few missteps regarding a handful of small plays with a throwaway excuse. But this is Apple trading on the NASDAQ, not a stock no ones ever heard of. He's a gimmick. In short, a hack without integrity costing people a lot of money. But don't get mad at me for pointing it out, get back to me when this individual admits he was wrong. How many of his viewers watched his show and traded Apple the was he suggested. Was he right? Or was it another bad call causing you to miss a bigger investment. I'm thinking it's the later.