Dr. Remulac

Jim Cramer's Unnecessary Beating Over Sirius

The real lesson here is that nobody is going to do research on a stock any better than you can do for yourself. Any blame game played by any investor is a futile attempt at denial. YOU bought it. Not Jim Cramer. Even if Jim Cramer went on his show and spent an hour shouting "YOU MUST BY THIS STOCK! IT IS GOING TO MAKE YOU FILTHY RICH!", it is YOUR fault when it doesn't come to fruition. Adult game. Adult decisions. Do you want your adult decision made by a guy on TV selling soap, throwing things, pushing sound effect buttons? The timing of his opinions against the timing of the financing and merger silliness is inconsequential. The point is, as the author explains, is that nobody saw what the company had to do with refinancing coming except Mel Karmazin, whom I hold culpable in the least for not warning shareholders of his "sudden" plan. Don't tell me he didn't have advance notice. Those plans don't just land in his lap in a few minutes. He held back so the stock price wouldn't take as big a nosedive. The FCC was the facilitator for the conditions, but it was Mel that executed the deal that dropped the stock price to 1.50. Not like it wasn't already struggling, but that was a big drop in a small amount of time, and I blame Mel Karmazin and his executive staff for engineering the post-merger dip. Bad form, in my opinion.