Happy4LA

TheStreet.com's Accounting Mess: What Would Jim Cramer Have to Say?

Alex, are you kidding me?! "How about BAC at $4 a share, what about City at $2.5? How about Freeport at $average price of $25?"

Jim Cramer owned Citibank in his Action Alerts portfolio in 2007 at $40 a share. Jim was touting the Tan Man at Countrywide and how great of a deal BofA got when they bought Countrywide. He was also touting BofA much higher, and I don't think he ever purchased it in his AA portfolio. And are you serious about Freeport (FCX)?! He bought Freeport in the $80-$90 range for his AA portfolio in the summer of '08.

And if you are a RealMoney subscriber do you see the comments the people subscribe make towards him? The ones that follow him more closer than I do now? I was a long term RealMoney subscriber and saw Jim talking out of both sides of his mouth. Taking credit for reversing stocks he had touted a few days prior. "Bear Stearns is fine!"

Jim is dangerous towards individual investors and poison for people who own the stocks he mentions because of the volatility it creates--who knows what hedge fund or CEO gave Cramer some tip for him to tout on his show so they could unload their shares?

Again, Don Harrold, Jon Stewart, and the Lenny Dykstra comments speak for themselves. I could go on. And again NYX and CNXT weren't just mistakes, they were his "Stocks of the Year."

And don't forget what made Jim a successful trader, #1 a Bull Market, #2 the Trading Goddess (his ex-wife), and #3 shady tactics and use of media to short and unload positions. Jim Cramer is horrible and should be run out of the media. I'm surprise that Jon Stewart's interview wasn't enough.

TheStreet.com's Accounting Mess: What Would Jim Cramer Have to Say?

Hey Yo Mama, I'm not a shill for Seeking Alpha, but based on your link comparison. How much does the street.com pay for its eyeballs? They have Jim Cramer, love or hate him he's on nightly shilling for his site on CNBC. And you can't do a stock quote on Yahoo! without a street.com story coming up. How much do you think they pay to get that placement on Yahoo! and other places? I think Jim Cramer's a fraud, but actually the site would be useful if Cramer exited the stage and you got someone on there to talk about the markets honestly and use their paid researchers to give you better insight than you'd get on your own.

TheStreet.com's Accounting Mess: What Would Jim Cramer Have to Say?

So Alex, I'm not clear. Are you a RealMoney subscriber or do you follow Jim's pick's on Mad Money? If it's on Mad Money, that's absurd if you go with his 3 second touts for stocks.

Jim Cramer talks out of both sides of his mouth. He's a salesman. He tried to sell an idiot like Lenny Dykstra because he thought he could pull one over on his Readers/Viewers. Inexcusable. Did you see Cramer on Jon Stewart? Embarrassing to say the least. His stock of the year of 2007? NYX... down 70%! That's his stock of the year! A few years ago he said YHOO was cheaper than Google and bought YHOO in his Action Alerts portfolio. Great Call Jim! And then he takes credit for calling Google even though he had no position in it. Jim's also a momentum player. His long term vision is useless and his ability to pick a stock is no better than you or I. So yes, I could do better than him. At least you'd know that I was honest and not pushing one of his buddy CEOs tells him (did you see him blame Lehman's CEO for lying to him on Jon Stewart's show?). The market's had a good run, but Jim told people to get out of the stock market in October 2008 even though he was screaming Buy! Buy! Buy! All the way up and down! And look at this exchange below in 2008 on the Regis and Kelly show. Jim's a fraud. And his ability to speak will fool you and other neophytes into being more secure in your positions than you should be. Also go to YouTube and search for Don Harrold and Jim Cramer to see evidence of Jim talking out of both sides of his mouth. Fraud I tell you.

July 25, 2008 on the Regis and Kelly Show

Regis Philbin: These are tumultuous times

Jim Cramer: I was incredibly negative a year ago. I came on July a year ago. I said don’t buy a house. Don’t buy stocks. I was very worried. I am now the exact opposite. Everyone else is worried.

I am feeling pretty darn good about things. Gasoline’s going down. It will be at $3.50 in 2 weeks. Your house price is stabilizing. Food’s coming down. I’m a buyer! I’m a buyer! I’m a buyer!

Regis Philbin: Is this the time to buy a house?

Jim Cramer: I want to buy not one house. I want to buy 2 houses. I wanna go…I’m going out to California in another month and a half. Prices were up very big there; looking at the Palm Springs area. Prices down 2/3rds [Wrong!]. When are we gonna wait until we are down 100%?

Kelly Rippa: Isn’t it time for Regis to buy Joy that vacation home she’s dreamed of on the Florida beach? Isn’t it time for Regis?

Jim Cramer: Well, no. On the west side it’s already moved up. It’s too late. Can you believe it? East side, east side is there, 50% down. East side, I want you to go down with me and we go buy a couple. Go buy a couple!

TheStreet.com's Accounting Mess: What Would Jim Cramer Have to Say?

To say Jim Cramer doesn't get it right is an understatement. What percent of getting it right do you think is acceptable? Jim's picks are way less than 50%. On October 28th Jim was saying, "We have hit the highs for the year." and the Dow would hit 9500. The Dow is way above 10,000 right now. How did that work for Jim? Did you pay for his advice on this. Did you factor this cost into your trading costs? Jim was a disaster in 2008, down over 40% ... even with his media platform to push his opinions. Jim's "stock of the year" NYX went down over 70% and he bought Freeport McMoran in its free fall from 110 to 28.

And for the guy who made 70% with Cramer? Again, did you pay Cramer any money for his advice? Is that factored in? What about taxes and trading costs? Jim gives so many opinions that someone is bound to make money if they're lucky to find the few he manages to get right. Heck, 900 tout guys do the same thing. Someone's bound to make money when they listen to the small percentage they get right even if you're less than 50%. And what about Cramer's performance on Jon Stewart and his touting of the lukewarm IQ Lenny Dykstra as "one of the greats."

Jim Cramer is a disgrace and should be taken off the CNBC. He's an embarrassment. The TSCM stock price shows just how irrelevant Cramer has become. Without the lucky IPO money this thing would be trading at <$10 million.

5 Reasons to Sell TheStreet.com

I was a long time subscriber... and really had figured out Cramer years ago, but still remained as I thought I could use his influence to make some money. However, he's so disingenous and takes credits for his "wins" and hides his losses. He truly is a clown, despite his intelligence. I don't know what his motivations are, money or attention. Because the tactics he uses definitely don't bring him any respect. The Jon Stewart interview and Lenny Dykstra incident on HBO when he tells everyone what a genius Lenny is, should have been enough to take Cramer away for good. But he remains somehow. I guess there are more people for him to fool.

Shorting Baidu Easier than Shooting Fish in a Barrel

Mark, are you bankrupt yet?

Shorting Baidu Easier than Shooting Fish in a Barrel

Really Mark, time to short again? What makes you think you know what you're talking about? The stock was up $25+ today, and your headline says "Easier than Shooting Fish in a Barrel,"? Talk about irresponsible... a little hyperbole don't you think? What a huge mistake and you are now advocating compounding that mistake.

JIM CRAMER - WHAT A SAGE

How much longer can CNBC air Jim Cramer? Talk about chutzpah. How many times can Cramer get away with being a shill salesman? He did the same thing for many other stocks--Pump and Dump baby! Look at Sirius for one to gain favor with Mel Karmazin and Co. Cramer also was quoted blasting Stewart with a veiled threat a few weeks after his interview with him. Cramer is a coward and a con man. Who in their right mind would follow his advice? He's in it to sell subscriptions and books and get his face on TV. Stop him now!

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

Anyone watch Jon Stewart embarrass Jim Cramer on his show? Cramer is a con man. I could use many examples, but for one look at his touting of Sirius stock. He lost a lot of individual investors money if they listened to him. He kept touting the stock. And for what reason? It was below $5 and even with a large market cap should have been avoided by most neophyte individual investors even though they are drawn to these "cheap" stocks under $5. His portfolio was down over 40% in 2008. Listen to Jim Cramer and lose money. This from a former, but long time RealMoney subscriber from 1999-2009.