johnboy

Mel Karmazin Delivers in Mad Money Interview

I followed SIRI based on Cramer's recommendation when at about $6 per share about 4yrs ago and followed it down all the way to merger day at $1.46. Burned by Cramer and was waiting for that $5 pop on merger day by Cramer. I may consider SIRI again when it hits its all time low of about 50 cents. I believe in SIRI too. But reminds me of Lucent and Nortel promises from management and Cramer's recommendations too and followed them down too as an investor. Mel K. still gets his bonus and big salary at shareholder expense. As for Cramer he lets his friends, Mel, get in the way of investments. Like his friend Spitzer too. Cramer lost his credibility with me. Another example is Corning, GLW, where he recommends the stock and next day says sell based on downgrade. GLW has great earnings. I now turn Cramer off.