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Strategies & Market Trends : Classic TA Workplace
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To: skinowski who wrote (123728)9/7/2005 1:56:10 PM
From: IHateSourCream  Read Replies (1) of 209892
 
OT

>>People think that if he changes his tune on a dime, that means that he - in some way - has no convictions, or something along those lines. But that's not such a bad quality for a trader... g/ng<<

LOL! I know you're joking around, but on a serious note, lack of conviction may not be a bad quality for a trader -- as long as that trader isn't giving advice to an adoring (and apparently very malleable) audience. Cramer will often say that his decisions are based on fundamentals. That's where I take issue with him. If he's truly using FA, then he should be sticking with his picks -- at least more than he does at present.

He'll often tout a stock when it's at its high only to issue a "sell" when that same stock has already declined considerably. Or he'll despise a stock at a low price only to push that same stock after it's already made its big move. Just an example of his inconsistency: he was telling folks (maybe two weeks ago?) to sell VLO at 90 and buy back at 80. Now, he feels VLO is a buy at over 110. He's a momentum trader. Nothing wrong with that whatsoever -- he just doesn't present himself that way (IMO). And personally, I think people could lose a lot of money listening to him. Again, all just my opinion. Sorry to get off topic! <vbg>

IHSC@BooYah.ugh :-)
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