Michael Delaney

Cramer's Mad Money - When the Facts Change...(6/25/09)

And there is nothing wrong with being a neophyte. Cramer's books taught me what a PE ratio was, why growth is so important, how to buy a stock, etc. I am not a neophyte any longer, but I still pay attention to Cramer.

I do not buy stocks because Cramer likes them. Only a fool would buy something because somebody on television said to buy it. But only a fool would close his mind to new ideas and new ideas are what I take away from Mad Money. (and from Motley Fools, IBD, and Seeking Alpha).

If you do not like his personality, don't watch. But don't call me stupid because I do. And do you seriously think that Cramer has enough influence to move the price of RIG, BMY or AAPL? Really??

Cramer's Mad Money - Bye Bye, Knights Who Say NII (6/22/09)

General Electric/NBC will not permit Cramer to discuss small cap stocks because of their volatility; discussing them would move the price. Therefore, Cramer mostly talks about S&P 500 stocks, most of whom have several analysts studying them. What can I know about a stock that the analysts don't know?

Jim even talks about this in his books. To make big money, you have to find a good small stock that is not yet covered very well. I start with Investor's Business Daily. But I carry a trailing stop loss also, because small cap stocks not only rise more quickly than the overall market; when they fall, they fall hard and fast. Let's be careful out there. Oh, and have some fun. This is supposed to be fun.

Jim Jubak's Watch List - Should You Own These Stocks?

BTW = Buy the Weigh.

You can question the viability of a lot of stocks, but understand that if you mention anything negative about Apple, Starbucks or Ferrari, the tifosi will be out to get you.

Cramer's Mad Money - Mutual Fund Monday (5/4/09)

Pessimistic Optimist has it right. Why is it foolish to buy into this rally if you carry tight trailing stops? Take what the market will give you. Ride it while you can. I do not short trade, so I will sit in cash if the market reverses. But for right now, it has been a fun 4 weeks.

"this all important business as an adult would not with the display he puts on, there is too much stress out there these days to find any humour in that juvenile act he puts on" Sorry, but this business is not all important. There are many things in life more important. Some people have forgotten that trading stocks is supposed to be fun. I enjoy Cramer's antics, so I watch him. If he bothers you, turn him off. But don't call me a fool because I enjoy his show.

Cramer's Mad Money - Beating the Bad News Bears (3/13/09)

BMWTwisty,

You are one angry Apple-holic. Nearly all of your 33 comments are very critical (of CNBC, of Cramer and of anyone who says anything negative about Apple or Steve Jobs). Lighten up. If AAPL drops in price, you can buy more! Isn't this fun?!

Cramer's Stop Trading! AT&T a Market Stalwart (11/12/08)

Forjan,

You only heard what you wanted to hear. JC said to pull out any money that you will need in the next five years out of the market, as that money must be kept safe because you are going to need it. He did not say pull all of your money out of the market for five years.

He pulled out enough money for his oldest daughter's 1st year college tuition. He left his younger daughter's college tuition money in the market because he does not need it in the next five years.

Tech Is Stale, Apple Is Fresh - Cramer's Stop Trading! (5/1/08)

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).