If you honestly believe Cramer is intelligent or an Anerican success story, well then you don't know the real Cramer. Yes, he makes alot of money....off of selling poor schmucks his advice.....but look closely. His stock picks are consistenly poor, with many of his "top picks" now DEFUNCT!
Yes, and he sold them near the top for a huge profit. That's why he's rich and you're complaining. <g>
Here are the fabulous 10 stocks Mr. Cramer touted so grandly on Feb. 29, 2000, their price per share that day and where they are now: 724 Solutions, $1,882 a share then; around $4 a share today. Ariba, $132.25 then; $3 now. Digital Island, $116 then; acquired in September 2001 for $3.40 a share. Exodus Communications, $71.19 then; went belly-up in September 2001. InfoSpace, $1,085 a share then; $40 now. Inktomi, $137 then; acquired by Yahoo! in March 2003 for $1.65 a share. Mercury Interactive, $96 then; $45.50 today. Sonera, $55.80 then; acquired for about $6 a share in March 2003. Verisign, $253 then; $16 today. Veritas Software, $131 then; $27-plus now.
I see.....you're one of those buy and hold guys. That only worked in the late 90s. |
