For a Guy Who’s Not into Making Friends…by The Fly on March 31st, 2008 at 12:11 pm |
…he sure has a lot of friends.
I’m talking Cramer. His buddy/pal Fred Hassan, idiot Supreme, CEO of (SGP: 19.79 +1.64%), just blew up Cramer’s disciples, in a very big way. As you know, Cramer has been pounding the drums of stupidity for his buddy Fred, for a long long time.
I know a guy who swears by everything Cramer says. He goes home, kicks up his feet, and transforms himself into a fucking sponge, hanging onto Cramer’s every word.
As a result, he has blown out his 500k account, along with his kids UGMA accounts.
Quite sad, actually.
The problem with Cramer is that he makes too many friends. He gets stubborn about stocks who are run by CEO’s he respects, such as: (SHLD: 73.78 +0.04%), (NYX: 46.65 -2.24%), (GS: 178.89 +0.06%), (MER: 31.12 -0.10%), (BSC: 0.00 N/A), (NLY: 15.60 +0.65%) and (SGP: 19.79 +1.64%).
We all pick losers. However, none of us suck the knobs of the CEO’s who destroy us. Cramer is fucking guilty of pandering to the CEO’s of the above companies, much to the chagrin of his followers.
NOTE: Does CNBC purposefully invite idiot money managers to tell us (audience) how great stocks are, down at these levels?
TMA is getting crushed.
March 31st, 2008 at 12:25 pmHe also pumped the miners right before the top based on the supposed advice of the CEOs of AUY and AEM. I’m not sure which is worse, a conspiracy between him and his Wall St. buddies or between him and his CEO buddies.
March 31st, 2008 at 12:27 pmWhy is Maria Bartaromo always yelling when she talks as if there is some air of urgency and importance to every syllable she utters from her oral orifice?
March 31st, 2008 at 12:28 pmRegarding BSC:
$10 per share is not “nothing” Mr. Ratigan.
Zero is nothing.
March 31st, 2008 at 12:30 pmWhat is with the volume in puts for WFC?
March 31st, 2008 at 12:33 pmYour fuckface friend who blew out his stock account following Cramer deserves to lose all of his and his kids money. No, fuck that, he deserves to die.
Cramer on the other hand is rich, and if you listen closely(and aparently all you fucktards watch CNBC all day long), some decent advice comes out sometimes. Like the time Cramer said to buy your stock positions incrementally, and not all at one time.
March 31st, 2008 at 12:39 pmWithout doubt, “Mushroom Stamp” is a scholar.
March 31st, 2008 at 12:42 pmI bet Mushroom Cloud is “super bullish” right now.
March 31st, 2008 at 12:45 pmThanks Fly
I’m more like 66% long(wmt, tso, inin, aapl) and 33% short (via double inverse etfs).
March 31st, 2008 at 12:49 pmFly,
You read the Barron’s article on Ags? Looks like you aren’t the only one who’s been betting hard on SMN.
March 31st, 2008 at 12:52 pmThe only thing I am wondering is validity/merits of this article.
can someone explain to me what is wrong with NLY? From what I understand, they have little credit risk and they have a dividend of 12.5% right now. I don’t own any, but I am looking to get in at these levels.
March 31st, 2008 at 12:57 pmTold you all 3x last week to short DBA.
March 31st, 2008 at 12:59 pmIt’s funny how the Cramericans get so passionate about defending Jimbo.. he ain’t a rock band or anything.
March 31st, 2008 at 1:03 pmYeomps, I know Cramer has been pumping NLY for several months now and I think the CEO is one of his “friend/buddy/pals”.
That by itself is enough to keep me away.
March 31st, 2008 at 1:17 pmyea, but cramer pumped it at 20+ and then said he was wrong and going to sell some at 14 and change. That alone should be the basis of a Cramer bottom. Plus a 12% dividend is huge. I greatly doubt that NLY’s dividend will be pulled, since it was only recently raised.
March 31st, 2008 at 1:24 pmCramer is the “KISS” of the financial world.
A tarted up mediocrity, a publicity stunt.
I feel bad for your idiot friend.
I hope you’ve established a scholarship fund for his genetically challenged progeny.
“DeVry” is the recommendation I’d sign.
March 31st, 2008 at 1:43 pm