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Jim Cramer is truly the Peej of the stock market

Posted on 6/28/22 at 11:21 am
Posted by Street Hawk
Member since Nov 2014
3460 posts
Posted on 6/28/22 at 11:21 am
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 6/28/22 at 11:29 am to
there has to be a bot that just countertrades this dude and makes some money doing so
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30575 posts
Posted on 6/28/22 at 11:46 am to
That bot is every hedge fund. They all know to inverse the dude. His buying club subscribers buy his recs, then hedge funds inverse him. His entire purpose is to signal for hedge funds to inverse him - and it’s very purposeful. He’s paid by hedge funds to be retail manipulation for easy profits. Nothing is easier than making money on retail’s failures in the market, and he exacerbates it and makes it easy for hedgies. He’s a former hedge fund runner himself and has detailed their manipulation strategies before
Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 6/28/22 at 12:08 pm to
Yeah Cramer is not retailer's friend. He's like Motley Fool articles. Just keep pumping even if the stock has dropped 70% and they said buy when it was down only 10%.
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/28/22 at 1:34 pm to
Yup. Don’t listen to Motley Fool or Cramer. Better and more reality based analysis on Seeking Alpha.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 6/28/22 at 3:33 pm to
quote:

His buying club subscribers


ya know, I am surprised that CNBC went with this thing as a PAY SERVICE (it is paid, right?) knowing that a ton of retail would lose even if he WAS right on some picks

seems like a terrible idea for a guy in his position (lose/lose) ... which makes your hedge inverse proposition totally believable

him and his charitable trust
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41122 posts
Posted on 6/28/22 at 3:35 pm to
Remember when Cramer said Exxon and the oil industry as a whole was 'uninvestable'? Moron.
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 6/28/22 at 4:50 pm to
Someone needs to do an inverse ETF.

Speaking of bespoke ETFs, there’s now a brand that buys the close and sells the open. Apparently if you had done that the gains are 1100% vs negative for the opposite.

Now, I wonder if such a product now exists for retail will the trend reverse?




Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 6/28/22 at 6:06 pm to
quote:

Seeking Alpha.

I have a yearly subscription with them love the site. Most of the articles pertaining to each particular stock are written by regular people and i'm ok with that compared to Motley Fool and CNBC etc.. getting paid off by hedge funds and big banks to bait retail folks.
Posted by dragginass
Member since Jan 2013
2741 posts
Posted on 6/28/22 at 7:17 pm to
I just joined a few weeks ago. I have enjoyed the premium content so far, and likewise the articles are if nothing else original, and I appreciate that.
Posted by Zzyzx
Member since Nov 2018
1884 posts
Posted on 6/28/22 at 7:34 pm to
I feel like there is already an inverse Cramer tracker, think I saw it on Wall Street bets. It was killing it lol dude is always wrong
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51617 posts
Posted on 6/29/22 at 7:06 am to
Anyone who continued following him after the Bear Stearns debacle deserves what they lose.

Posted by slackster
Houston
Member since Mar 2009
84886 posts
Posted on 6/29/22 at 8:08 am to
quote:

feel like there is already an inverse Cramer tracker, think I saw it on Wall Street bets. It was killing it lol dude is always wrong


Cramer gives out a metric shite ton of opinions. Tracking him is virtually impossible. He’s on at least 3 shows a day on CNBC. In the course of a month he’ll suggest to buy/sell/buy a single stock, and those trackers don’t keep up.
Posted by slackster
Houston
Member since Mar 2009
84886 posts
Posted on 6/29/22 at 8:11 am to
quote:

Anyone who continued following him after the Bear Stearns debacle deserves what they lose.


To be fair, he was talking about deposits there, not the common stock. He ended up being right as they fed stepped in and provided the liquidity for depositors, but he was right for the wrong reason.
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
4991 posts
Posted on 6/29/22 at 9:19 am to
Cramer is a stream of consciousness and is only remotely good if your a day trader. He is entertaining

Oh yeah short DWAC today!
Posted by Ford Frenzy
337 posts
Member since Aug 2010
6876 posts
Posted on 6/29/22 at 9:21 am to
quote:

Yup. Don’t listen to Motley Fool or Cramer. Better and more reality based analysis on Seeking Alpha.
I enjoy listening to the Best Stocks Now podcast each day. Lot's of reasonable, level headed opinions.
Posted by JKLazurus
Member since Jun 2016
261 posts
Posted on 6/29/22 at 10:17 am to
He gets harder to watch each year. It’s hard to take someone seriously when he proclaims every CEO he interviews is the best leader and smartest person he’s ever met. After the WSB group went after him during the great meme stock war of 2020, his tone also changed. Much of his current opinions are clearly nothing more than subtle trolling attempts.
Posted by DVinBR
Member since Jan 2013
12984 posts
Posted on 6/29/22 at 12:41 pm to
Puts when Cramer is Bullish

Calls when Cramer is Bearish
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6024 posts
Posted on 6/29/22 at 2:29 pm to
He just peddles what Goldman is selling.
Posted by gothamdawg
NYC
Member since Nov 2015
958 posts
Posted on 6/29/22 at 6:34 pm to
Kramer's stock picking strategy= whatever did well yesterday.
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