On Tuesday, January 8, Jim Cramer said on CNBC that BAC is a buy. The next day it collapsed.
That shmuck's irresponsible commentary was evidently hype driven. I'm not saying that I was influenced by him. I go with gut feeling when I can. Point is these so called market experts are anything but. They have proven it over and over again. No one can make money in the market unless you are fraudulently misleading and hence manipulating the markets to head in the direction you hope for.
Remember back when Zynga was close to and eventually above $6 during their conference to publicize their latest gaming developments back in june, 2012? That other incompetent fool of a CNBC analyst, Pete Najarian, on CNBC, at least a half dozen times, said that ZNGA was a huge buy with a price target of $12. No less.
What in the world of blasted indecency do they frigging know!!!
Mind you, I did not get burned at ZNGA. I have a list of stocks they rate buys and sells and then determine their incompetency based on the stocks' actual performances on the stock market.
And had I been burned, I certainly would not blame those nincompoops.
I've known them NOT TO BE ABOVE MY GUESS WORK FOR A VERY LONG TIME NOW.
Many of these blokes should be in prison. But how unrealistic unless we become a dictatorship and eliminate crooked politicians and market manipulators. And then we still have to worry about the instigator of such an ordeal, the noble army leader who takes over government and then, as it is in man's nature to do so, gets power hungry and desires more than his fair share of the cut of the pie.
That idiot is more then a schmuck. This is the second time I have been burned listening to this Idiot, etc.I sold my position in BAC a few days before, at a nice profit Then he came out saying that BAC should go to $18. As a result I went back in after price dropped for a few days and bought back in at $11.90. Since then of course I am a loser again.
Same thing happened to me a number of years ago with NYX (New York Stock Exchange stock.
stock was at $92, when the Idiot came out and said it would go to $200, so again I bought at $92 and never saw that price again. I finally sold at $72. You can see were the stock is now, at $30+-, and that's after a takeover offer from ICE.
What a Schmuck, Idiot, #$%$ etc, etc....
I hope I finally learned my lesson !!!!I Shame on me of course.!!!