bertski

Pimco's Bill Gross: Jim Cramer Is 'Courageous' and 'Entertaining'

Jim Cramer is a schmaltzy ,side show in a traveling carnival when it comes to investment advice.
Everything he does or says should be taken as 90% entertainment,10% fact,(and that's being generous).

The one and only time I did listern to Cramer was when he was touting an upcoming IPO, 'UnderArmour'.

Having one toe in the sports field, I knew UnderArmour already had a big following with high school and college kids because it has a GREAT LOGO, which, as we all know, is a key component of any sportswear Companies success.

Knowing they already had a solid foundation,with contracts in place with several big colleges, I told my broker to buy as much of the stock he could get his hands on.

I knew it would be a good opening as the expected IPO price kept being readjusted upward in the days just prior to the IPO.

Unfortunately ,he was only able to get me 300 shares. My IPO price was $13 and it doubled that 1st day of trading, closing at $26+.

For that,I thank Mr. Cramer as I might never have given that IPO a second thought..