Pessimistic Optimist

Prepare to Sell Monday - Cramer's Mad Money (9/19/08)

For a person just coming into stocks I believe you can learn alot by listening to what he talks about. Note, I am not saying to buy or sell what he wants you to buy .. or sell for that fact. I read up the page where a guy says do the opposite of him. He basically says that. Do not buy tomorrow.. give it 4 or 5 days do some due diligence and make a choice because the short seller is on the other side waiting for you and he will drive it down. Well, I have seen it. Most likely been a part of it too. It goes up for the 1st 3 or 4 hours and then wham.. bye bye.. shorts to hell! Maybe it makes a day.
Yes he has lost money. And yes he does have a portfolio which he sells and buys and and gives good explaination on why he likes the stock. I have read the book about his confessions.. what a wack! But that was what he did... so what. He was passionate and crazy about it. Do you have any passions you are crazy about? I have some. Everybody has at least one.
He made and lost a shitload of cash being totally wacked out so who better to learn from.. somebody who has been there and done that many times over. I take him with a grain of salt and then do a ton of homework. At the very least it has taught me to go and do my own research. I do not even mind listening to the qtrly reports from companies...sometimes. Especially if I want to invest in that company. I have lost money but who hasn't in this volatile market? For somebody who seems to be hated as much as he is.. or maybe disliked.. he sure is living rent free in many heads.He this or he that.. he must be doing something whether right or wrong because he sure gets the attention. I am sure he floats through these blogs and laughs. He is cynical, arrogant and self loathing. But he is Cramer love him or hate him, he is there and he is in your head. If he wasn't folks would not be constantly chatting him up. I do not love him nor do I hate him.. but I learn from him. I pick what I will retain, the rest I toss. Pnels hit it spot on.. do your homework and make your own decisions. You gonna miss a few good trades but that is the market. Make it up elsewhere.
good luck