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7 Comments

    • Any Kind of Return - Cramer's Stop Trading! (10/2/08) [view article]
      Pfloyd234,
      This article does not mention WB. What are you laughing about?       Oct 03 03:19 PM
    • Faith Doesn't Cut It - Cramer's Mad Money (8/29/08) [view article]
      Cramer can recommend that you buy a stock, but you still have to do your own research. Do not buy a stock unless you truly believe that there are good reasons to own it. If the price goes down on a stock you truly believe in, and the reasons for buying it have not changed, you will stay the course. If the price goes down on a stock that you bought because somebody told you to buy it, you will panic out of it and the short sellers will eat your lunch, as described by sl62. The purpose of Mad Money is get you to think for yourself, not just to give you a list of stocks to buy. If you need somebody to tell you what to buy, when to buy it and when to sell it, send your money to Gorilla Trades.

      BTW Ghost Rider, Thursday's and Friday's shows were taped long ago and are part of a bunch of shows that purposely focus on education and not mentioning current stock prices so that CNBC can show them whenever JC wants a couple of days off.

      And BTW British Steel, why in the world would you invest your friends' and family's 401(k)s based on the advice from a television show? The show's called Mad Money. As in, fun money, money you can afford to lose, extra money, money that you do not need to live on, certainly not your retirement money which is much too important. JC has been very clear on this in his books and on TV.       Aug 30 06:34 PM
    • Buy Value - Cramer's Lightning Round (7/29/08) [view article]
      You cannot buy a stock when JC says to buy it and sell it when he says to sell it, and make money. If you need somebody to tell you what to buy and when to buy it and how much to pay and when to sell and for what price, Mad Money is not the answer. Send the Gorilla $600 and they will hold your hand through the whole process. But where is the fun in that?

      Mad Money is good for ideas, but you still have to do the research. Some of his ideas are good for 25 year old gunslingers. Others are better for us old f*rts. Some of his recommendations carry PEs of 70 or PEGs of 1.8 to 2.0. Not for me.

      If JC touts a stock that your research says sounds good, please wait for a good buy-in point. Nothing wrecks returns by being too eager to buy and paying up. At least pick the lowest closing price from the last two or three weeks and put in a limit order. If it never executes, oh well. Find another.

      Regarding missing the show where he says Sell! Sell! Sell! If you wait for JC to tell you to sell, you may be too late. (He talks about more buys in a week than sells so there may never be a sell sell sell). If you wait until the analysts downgrade, you will be too late. If you wait until IBD lowers its composite score, you will be too late. Pick some percentage dip off a high that you are uncomfortable with. If you hit your stop loss in heavier than normal volume, have the conviction to sell. You can always get back in later if the price continues to drop.

      The Bottom Line: You need to decide what to buy and when and for how much. You need to stay diversified. You need to take some profits on the way up in case something bad happens while you are at work and not watching the market. And you have to sell when you hit your stop loss in heavy volume. There are no guarantees, but this will keep you out of too much trouble most of the time. Oh, and remember, this is supposed to be fun!       Jul 30 07:41 PM
    • McDonald's May Sales: I'm Lovin' It [view article]
      baychev,

      When MCD brings the profits from EU and Japan back home, they get to trade those yen and euros for more dollars. If the dollar strengthens in the future, cut back on US companies selling overseas and increase positions on overseas comapnies selling in the US.       Jun 11 12:55 PM
    • Get on Board Nordic American - Cramer's Mad Money (5/19/08) [view article]
      cos1000 is right - Cramer is an entertainer. You still have to do your own homework and be strong in your convictions.

      He told me to buy AMGN and UNH and CWTR after they had run up and I was too much of a newbie to know when to get out, and I got hurt. On the other hand, I bought RIG and NSC and OXY because of his positive take (got a double in RIG!).

      I am wiser now. A company has to meet my definition of a solid performer. I only buy on pullbacks and take profits after runups. I still listen to JC for the entertainment, but I add a position he has recommended maybe only once a month.       May 30 06:10 PM
    • A Look at Earnings from Transocean and Devon [view article]
      New rigs delivered through 2017? And how many will be ready 3 years from now? None. I shouldn't own a stock now because the price is going to drop in 5 or 6 years?

      I'll keep a loose trailing stop loss on, but I've got a double now, I've taken some profits and I think I will let the rest ride, for the forseeable future anyway.       May 26 09:58 PM
    • Tech Is Stale, Apple Is Fresh - Cramer's Stop Trading! (5/1/08) [view article]
      Papita,

      Such anger! tsk tsk. You can't just take a stock recommendation from Cramer, buy it and wait for it to go up. You will lose money. It's always been that way; always will be.

      You can make money from Cramer. I have. But here's what I do. I'm only interested in maybe 20% of the stocks he talks about. The other 80% is just entertainment, and is often too speculative for me. If he mentions something that interests me, I compare it to others in the same industry, checking past revenue and earnings growth, estimated future revenue and earnings growth, profit margin and return on equity, and IBD ratings (a momentum measure if there ever was one). Then I check the price and compute the PEG. Many of the Cramer and IBD stocks have PEGs near 2.0 and I just walk away. Many times I like a different stock than JC.

      And even after all that, you will still lose money unless you buy smart. Once you decide on a stock to own, you have to wait for a pullback. Cramer says 5%. I never buy anything unless it pulls back at least 10% from a recent high. Sometimes it takes three of four weeks to buy something. Sometimes the stock just goes up and I never get a chance to buy it. Oh well. Say lavvie. Anytime I have just bought something without waiting for a pullback I have been working against a headwind and stand a 50-50 chance of losing money.

      Mad Money does move stocks and if you buy one or two or three days after it's mentioned, the Wall Street pros will eat you for lunch. If I had to guess, I would guess that Papita has dicovered this the hard way. If you want somebody to tell you what to buy instead of trying to figure it out yourself, subscribe to Gorilla Trades and do what they say. (BTW, JC is 53 - or maybe 54, he's 10 years younger than he claims).       May 05 06:22 PM
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