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Jim Cramer's market strategies
02-09-2021, 08:44 AM
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#1
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Full time employment: Posting here.
Join Date: Nov 2019
Location: Jersey City
Posts: 518
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Jim Cramer's market strategies
aka how he admits to manipulating SEC and markets in general.
I hope I'm not breaking any rules by letting Cramer muse about his hedge funds days, we are individual investors so his strategies would be of limited use but I think it might be of interest, especially following the whole GameStop debacle -
He is currently working extremely hard to take this video down.
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02-09-2021, 10:40 AM
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#2
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gone traveling
Join Date: Dec 2015
Location: Berkeley, Denver, CO, USA
Posts: 1,406
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"Jim Cramer's market strategies" are to keep his bombastic TV show going and get paid for it.
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02-09-2021, 11:24 AM
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#3
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Full time employment: Posting here.
Join Date: Nov 2019
Location: Jersey City
Posts: 518
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Quote:
Originally Posted by davebarnes
"Jim Cramer's market strategies" are to keep his bombastic TV show going and get paid for it.
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Well, in this particular video he pretty much admits to breaking the law.
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02-09-2021, 11:27 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,865
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Although not yet part of my IPS, the two strategies I've considered regarding Mr. Cramer is:
(a) Ignore him.
(b) Do the opposite of what he says and does.
Mostly it's (a).
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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02-15-2021, 10:03 PM
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#5
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Dryer sheet wannabe
Join Date: Mar 2018
Posts: 11
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Kramer is nothing but a huckster. Run the other way.
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02-15-2021, 10:29 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
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TL,DW;
However, if he admitted to illegal market manipulation on TV I suspect he'd have been brought up on charges, especially since this was just before the great recession started. I suspect it's just more bloviating. As I said though, I didn't watch. I can't listen to him for 10 minutes.
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"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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02-16-2021, 05:00 AM
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#7
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Full time employment: Posting here.
Join Date: Dec 2014
Posts: 669
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Better listen to his daughter.
He used to be a real TSLA bear. But his daughter convinced him that Tesla was the new Apple/Amazon-ish growth story. And he listened to her and changed his mind.
The video from OP however has helped me understand TSLA stock movements.
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02-16-2021, 06:57 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,362
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Quote:
Originally Posted by timeforgolf
Kramer is nothing but a huckster. Run the other way.
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While I do not 'day trade', I do watch Cramer (with a "C") every evening. From time to time he offers some general market perspectives which I find helpful.
During the 2008 disaster, he kept me in the market with stunning positive results.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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02-16-2021, 07:28 AM
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#9
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Recycles dryer sheets
Join Date: Jun 2019
Location: Denver
Posts: 162
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Cramer is a clown. I used to watch him but now when I do it is pretty much to do the opposite!
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02-16-2021, 07:32 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,607
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He is just noise, like running a fan while you sleep. After a while, you forget he is even talking/running.
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Retired May 13th(Friday) 2016 at age 61.
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02-16-2021, 09:57 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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What protects him from the law is his record, 47% correct. Flipping a coin is better in the long run. He is a one man Motley Fool!
__________________
For the fun of it...Keith
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02-16-2021, 09:59 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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Quote:
Originally Posted by marko
While I do not 'day trade', I do watch Cramer (with a "C") every evening. From time to time he offers some general market perspectives which I find helpful.
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Yes Kramer from Seinfeld is more famous for his crazy ideas.
__________________
For the fun of it...Keith
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02-16-2021, 12:55 PM
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#13
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Full time employment: Posting here.
Join Date: Apr 2016
Location: warren
Posts: 935
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Quote:
Originally Posted by kcowan
What protects him from the law is his record, 47% correct. Flipping a coin is better in the long run. He is a one man Motley Fool!
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I was just going to ask if anyone has ever kept track of his record. All though even at 47% you could still make good money if his hits are big winners and his misses aren't huge dogs.
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02-17-2021, 08:10 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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I have known of some momentum traders who wait for his picks to,pop and then sell them short.
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For the fun of it...Keith
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02-17-2021, 12:52 PM
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#15
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Dryer sheet wannabe
Join Date: Mar 2018
Posts: 11
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Quote:
Originally Posted by marko
While I do not 'day trade', I do watch Cramer (with a "C") every evening. From time to time he offers some general market perspectives which I find helpful.
During the 2008 disaster, he kept me in the market with stunning positive results.
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Apologies, I must be watching too much Seinfeld. Kramer with a "K" was definitely worth watching and Kramerica Industries had real potential. More correctly however, Cramer with a "C" is a huckster.
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02-17-2021, 01:03 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,045
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Quote:
Originally Posted by kcowan
Yes Kramer from Seinfeld is more famous for his crazy ideas.
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Who could forget Kramerica Industries.
-BB
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FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
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02-23-2021, 05:42 PM
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#17
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Dryer sheet aficionado
Join Date: Jan 2020
Posts: 42
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Quote:
Originally Posted by marko
While I do not 'day trade', I do watch Cramer (with a "C") every evening. From time to time he offers some general market perspectives which I find helpful.
During the 2008 disaster, he kept me in the market with stunning positive results.
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I'm with you. I've been investing and trading in individual stocks 25+ years and I don't think ole Cramer is all that bad.
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02-23-2021, 07:24 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,362
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Quote:
Originally Posted by John0019
I'm with you. I've been investing and trading in individual stocks 25+ years and I don't think ole Cramer is all that bad.
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Again, if you are looking for trade insights--or day-trade tips-- you might look elsewhere.
I find his overall, general market perspectives helpful especially during times of crisis. He peeled me off the ceiling during the '08 mess for which I (and my portfolio) are forever grateful.
Not every day, but once or twice a week--I only watch the first six minutes until "bottom line"-- he'll hit on something of value.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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