Michael Delaney

Cramer's Mad Money - Ignore Obama's Healthcare Speech (9/9/09)

Kaiser,

Cramer did not rip off his clients with massive churning. And Cramer never said that he ripped off his clients with massive churning. Cramers clients did very well (as did Cramer) and that is why more people wanted in his hedge fund than he could accommodate. People were turned away from Cramer Berkowitz.

If your dislike of Cramer causes you to believe that he is always wrong, then you have a closed mind and are missing investment idea opportunities. You should be listening to Cramer and Buffet and El Erian and CNBC and Fox Business and checking the Motley Fools and MSN Stock Scouter and Investors Business Daily and the Wall Street Journal, etc., etc. The more information you have, the better able you will be to make (and take full responsibility for) your own decisions. If Cramer bothers you too much, just turn him off. I find him interesting.

Cramer's Lightning Round - A Smoking, Sizzling Stock That Didn't Do the Job (4/6/09)

Buy and hold is never the way to go. Warren Buffet's favorite holding period is forever? Yes. But that does not mean that Warren Buffet doesn't sell a stock when it is no longer viable.

When you buy a stock, you have to pay attention. Buying and forgetting is lazy. Keep a stock for a long time (decades) if you want to. But keep track. There has to be some point where if it goes that low, you will get out. You can't sit in Enron, K-Mart, Delta Air Lines or Lehman Brothers until they go to zero. If you are down (pick a number: 20%, 40%, 60% etc.) you have to get out. Bill O'Neil at IBD likes to use 7% or 8%. That may be too small for a long term investor. But you have to have some stop loss number in mind. And the only way you will know the current price is to pay attention.

It makes no sense to watch Starbucks go below $10 when you bought it at $35. Sell it and if you really like their story, buy it back along the mutual fund managers when it stops sinking and becomes a value play.

Cramer's Lightning Round - A Smoking, Sizzling Stock That Didn't Do the Job (4/6/09)

Mad Money is aimed at investors, not traders. When you buy a stock, of course it can go down tomorrow, or next week, or next month. In fact, it certainly will. Nothing goes straight up when you buy it. And nothing goes straight down when you sell it. You're not that brilliant. (Neither am I. Neither is Warren Buffet).

When you buy something, will you have a profit a year from now? That's the question you should ask. If you want guaranteed upside, buy a T-bill and hold it until maturity. Or buy a CD at your bank.