Posts: 1,002
Threads: 85
Joined: Apr 2015
Reputation:
16
(06-17-2022, 03:40 PM)fenders53 Wrote: (06-17-2022, 08:37 AM)crimsonghost747 Wrote: (06-16-2022, 09:02 PM)Mr1share Wrote: (06-16-2022, 07:53 PM)ken-do-nim Wrote: I just came across a Jim Cramer interview from March 25th titled, "The bear market is over".
Dude is the dumbest' person on the planet.
Counter argument:
He earns his income by getting people to watch. He gets paid regardless of how right or wrong he is, the thing that matters is how many people tune in. That is what his employer cares about, and I bet his compensation package also has some perks based on the average # of viewers.
So he is actually pretty good at doing what he needs to do, which is to get people to watch. Anyone who takes his advice is clearly a lot dumber than he is. 
Definitely not dumb. He knows how financial markets work like few others. I have learned a lot from him over the years. In his prime he knew 1000 tickers, and could at least give you their approximate business. When the internet was young he was fun. He would crash message boards and spaz out on his haters. It was hilarious. He is just an entertainer at the end of it all.
All that said, the investing world would be better off if he didn't offer 50 stock picks a week. Many people act on them. One of the biggest problems is while he might give reasonable guidance on a stock, if the story changes significantly a week later, he likely isn't giving an update. I guess if you don't do your own research you get what you get, but I am sure he influences new investors way too much. He has made me aware of some excellent companies, but no way I am not doing my DD first.
i actually know someone that is friends with him and his family, has known jim since his trading days--she says he's the complete opposite in person, reserved, calm and a very caring individual--she says one of the nicest people she ever came across in the business
he set out to be a lawyer, got a job in the financial biz to help pay the bills and stuck with it--she said his father was a genius but never did well financially
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
63
I have read one of his books. A vivid description of how filthy dirty you have to be willing to be if you want to be successful on Wall Street.
Posts: 433
Threads: 37
Joined: Dec 2013
Reputation:
10
I bought a little more SCHD yesterdat
Added to the names down today.
TXRH, CBRL, LOW, SHW, MMM and SWK
CBRL and TXRH are now of great value.
Posts: 1,873
Threads: 35
Joined: Jan 2016
Reputation:
6
Who’s buying META at $156?
Posts: 789
Threads: 15
Joined: Nov 2013
Reputation:
5
I thought Cramer's 1st wife Karen was the brains behind the hedge fund's success?
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
63
(06-21-2022, 06:40 PM)NilesMike Wrote: I thought Cramer's 1st wife Karen was the brains behind the hedge fund's success?
She was the one he referred to as "The Trading Goddess". He certainly credited her.
Posts: 1,530
Threads: 172
Joined: Mar 2013
Reputation:
24
(06-21-2022, 02:18 PM)divmenow Wrote: Who’s buying META at $156?
Well, I bought it at $300, and pretty effing recently at that. So I should be ecstatic at the chance to average down so significantly. And yet....
crimsonghost747
Unregistered
Added some Airbus.
Will probably add something from the US market too as soon as it opens, futures look to be down around 2% or so at the time of writing so there may be some good deals out there today.
(06-21-2022, 02:18 PM)divmenow Wrote: Who’s buying META at $156?
I bought $10k at $200 - complete speculative buy. Based on financials it was cheap, cheap, cheap - obviously it's even cheaper on that basis at $156.
Now here's the big news but it's too early for me to have a sense of what it means: https://www.justice.gov/opa/pr/justice-d...erly-known
A positive? Probably - but hard to say for sure until impacts on advertising revenues show up, particularly if they have to apply similar standards to other areas. But for some time now, every time buying it comes up I've pointed at the upcoming DOJ lawsuit as something people darn well better be aware of.
Anyway, I still consider it speculative and $10k is all I want of any of those. If I held it in a taxable account I could play the tax loss game but it's in my IRA.
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
63
(06-22-2022, 07:23 AM)cemanuel Wrote: (06-21-2022, 02:18 PM)divmenow Wrote: Who’s buying META at $156?
I bought $10k at $200 - complete speculative buy. Based on financials it was cheap, cheap, cheap - obviously it's even cheaper on that basis at $156.
Now here's the big news but it's too early for me to have a sense of what it means: https://www.justice.gov/opa/pr/justice-d...erly-known
A positive? Probably - but hard to say for sure until impacts on advertising revenues show up, particularly if they have to apply similar standards to other areas. But for some time now, every time buying it comes up I've pointed at the upcoming DOJ lawsuit as something people darn well better be aware of.
Anyway, I still consider it speculative and $10k is all I want of any of those. If I held it in a taxable account I could play the tax loss game but it's in my IRA.
I am going to say they are VERY fortunate the maximum penalty under that law is so small. I can't believe they thought it was a good idea to use their algos in that manner. They were already hated by both political parties. Nice job making it worse. I ate a loss on META on a bounce to 215. I had intended to re-enter but it's getting harder to pick an entry price. It will get worse if their ad revenues decline. I heard Zuck is on Mad Money tonight. I will have to watch that later.
Posts: 245
Threads: 2
Joined: May 2021
Reputation:
1
added MO, CVX, META, PXD, PEP, JPM and MDLZ
|
