you are correct. but, who in right mind listens to a guy that renders an opinion on EVERY SINGLE PUBLICLY TRADED SECURITY. clearly you cant be expert in every sector. WHO the hell invests based on cramer ?? ( i know, a lot of folks) well it dont carry weight with me. cramer is proven wrong at consistently high rate.
Cramer's tv program is a "canned" one, where the discussion is concensored and what cnbc wants to play, plays. Done in advance, that's how he knows so much about indiv. stks. <I have a friend who was on it
Cramer is an entertainer, hence all the sound effects, bobble heads, rubber bulls and bears and the like. But you have to admit, both he and the Fast Money people can move a stock in the AH. Watch the ticker at the bottom of the screen. Who the people are who act immediately on their comments is beyond me. I'm about even following Cramer, did well and CAT and AEM, crapped out on EM and others. I do all my own DD now.
I agree with you, I stay out of Cramer analysis. But some traders make money on Cramer comments. According to a comment I read on the Yahoo MB: You buy as soon as Cramer put the pitch on any stock. You hold 3 days and you sale. You basically buy at the bottom of Cramer's pitch and sale at the top of the bump. Like it or not many watch or lessen to him, 100K or 200K traders do. That will bump up buying, if you buy 1000 shares and it goes up $0.10, you make $100. For some traders it is a good deal. For me, it is peanuts, so far I made $7000 plus on MRO since January. That is a good deal.