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1 Comment
Tracking Jim Cramer's Performance: January 2007 Stock Picks
cramer nearly never says "buy this stock and wait 1 year"
he constantly reiterates that he doesnt believe in "buy and hold" he believes in "buy and homework"
his show gives his idea at that exact point in time
after that its up to the viewer to research and do their homework. it is after all THEIR money, and not his. he isn't invested in all those companies because he admits he doesnt know them intimately enough to put his money in them. he specifically notes when he owns a particular stock, because the law requires him to, and it is not very frequent.
also, in the past 5 months there has been a global credit crisis
so pointing to what he said in jan 2007 and ignoring everything that has happened world wide in the interim, is nonsense.