Cramer
reminds me of a guy I knew growing up. Actually, a bunch of guys. A guy
I knew in Little League, a guy I knew in High School, a guy I knew in
College, a guy or two that I know today. The guy that's always
right, but isn't. The thing is, these guys talk so fucking much,
and so fucking loud, that you can't help but hear them. Maybe it's that
he has the most annoying voice on the planet? Maybe its that he seems
so coked out that you hear him? who knows.
At
any rate (say prime), what's amazing about Cramer is that his stock
picking prowess is similar to that of a brain dead walrus, yet he gets
a television show on CNBC. It's like this, when you yell and
scream and ramble as much as he does about as many things as he does,
you are bound to be right every now and then. It's just the law
of averages. Then, you rant and rave about what you got right,
conceed that you may have missed one or two along the way (making
excuses about why they were missed), and forget to mention that you
aren't batting .500. Further, loads of his picks are already well on
their rise, and have already been recommended by analysts. I can
point out the obvious, too.
I
read a NY Times article once that tracked Cramer's picks over
time. I believe it turns out that he was right one
third of the time. That's pretty shitty.
Here's
a look at two recent stocks Cramer labelled as buys (AMD and Sealy**)
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BOOYAH!
Double digit losses in less than a week. If the guy is this good,
you'd think he'd wait a week.
Join me in Operation: Short Cramer.
We'll comb through his picks, and short the ones that are shit.
Alternatively, we'll comb through his losers, pick the right ones, and
long those.
Let's
make money together.
**It's
our belief that both AMD and Sealy are well run, good long term
investments (we wouldn't necessarily have either in our portfolio,
though). But, we don't have time to dick around, and wait for him to
recommend these companies on the way down, and then sell when it's
rockbottom (ala Cramer's rock star pick: NT)