Jim Cramer has ALWAYS said two things:
1. When the facts change, I change my mind
2. Accounting irregularities equals sell
Do you really think Cramer could predict an SEC investigation? Do you think the facts have changed?
I have lost money on LNCO, but I don't blame Cramer. Why don't you own up to your OWN mistakes instead of blaming it on someone else? If you buy individual stocks, you always take a risk that something like this will happen.
I completely agree. He gets on the show and encourages you to buy a stock and the next thing you know he's sold it and it can no longer be owned. He sells the stock out of his trust during the day on news we haven't even heard yet. By the time I get out of work it's too late and I end up taking a major hit. He's done this with so many stocks I've lost count. The people calling in and praising him have to be screened, paid, and/or crazy. I for one am sick of his #$%$. You'd be better off flipping a coin to pick your stocks.
Think it's time I stop watching Mad Money. I have lost way too much money following stock recommendations I saw on there that were recommended highly one day and a complete sell the next. As always I get out too late and take a serious hit. Very confusing. Not just with LNCO have been many others as well. However, it is nobody's fault but mine. Just put too much faith in the recommendations. I guess I just need to do my own research more.