Jim Cramer AUDITED recommendations and YTD gain/loss
On January 8, 2008, Jim Cramer made this comment about ETFC on Mad Money: Transcript - "ETrade has one of the most toxic portfolios I've ever seen," Cramer said. "It's not coming back." Link: http://www.cnbc.com/id/22556120/ ETFC closed at a 52 week low of $2.25 earlier that day and following Jim's candid remarks, ETFC hit an all-time low of $2.07 in the after-hours. However, the next day on January 9, 2008, ETFC shares rose 16% intra-day and closed up 7% at $2.40. ETFC continued it's unabated rise to an intra-day high of $5.48 on February 1, 2008, or 165% higher than than where the stock traded after-hours on that fateful January 8th Mad Money show - or 117% higher as of yesterday's closing price of $4.49!
Now, listen to what Jim had to say about ETFC on August 21, 2007 on Mad Money: Transcript - "E*Trade Financial (ETFC - Cramer's Take - Stockpickr) got hit on some stuff last week about mortgages. ... [CEO] Mitchell Caplan has done an unbelievable job on this E*Trade. ... I would buy some here, and let it come down if it does. ... I've been aghast that this stock was able to be rumored down. It was part of the whole subprime thing that took on a life of its own. ... I like the stock." Link: http://www.thestreet.com/story/10375632/2/cramers-mad-money-lightning-round-hudson-city-is-hot.html So if you listened to Jim and bought ETFC shares on the following trading day on August 22, 2007 @ $16.95, you would've been down a whopping 88% by the time he told viewers to sell ETFC on January 8, 2008 - or 74% as of yesterday's closing price of $4.49!
In conclusion, had you bought ETFC on Jim's BUY recommendation - you would have lost 74%-88% of your money. Likewise, had you sold ETFC on Jim's SELL recommendation - you would have missed a 165% gain on your money.
Confucious says: Listen to Jim as a contrarian indicator or don't listen to Jim at all.