Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (45801)	4/26/2006 9:06:38 AM
From: Dale Baker	Read Replies (2) \| Respond to of 118717

Cramer in brief - --I can't stand his personal antics and demeanor. He reminds me of my niece when she was two and screamed for attention whenever the adults in the room weren't focused solely on her. --The average newbie investor does not need to be jumping in and out of stocks like a madman on meth. It's a lousy way to learn how to make money in the market long-term. I hear from sites that monitor his TV show picks that they are barely profitable in the long run. --Since I wouldn't watch his show without a gun to my head (and even then I would have to think about it) I haven't heard his portfolio advice. But unless he stops shrieking and performing like a circus monkey, I won't be watching or listening. Did you ever see Warren Buffett or Peter Lynch behave that way in public? No? There is a reason for that. Class. Or lack of it.

To: Madharry who wrote (45801)	4/26/2006 9:18:50 AM
From: wherry	Read Replies (1) \| Respond to of 118717

Encana just came out with a solid 1Q set of numbers. I am looking for ECA to provide a double or so over the next two to three years. Not wild, but not speculative and with very little downside risk. Nice if you are feeling, like me, a bit defensive in uncertain times. I see it as an LTBH stock. The big trigger has to be the huge potential in their oil sands holdings. When they announce their chosen partner/s later this year, the momo crowd now playing with the oil sands small caps may start to take an interest. Tony.

To: Madharry who wrote (45801)	4/26/2006 9:57:36 AM
From: Paul Senior	Read Replies (2) \| Respond to of 118717

I like Cramer in small doses, generally with the sound off. I've benefited from some of his stock suggestions. And sometimes as a contra-indicator. If I listen real close to his serious advice which is sometimes buried buried under his showmanship, there's good stuff there, for example some of his "rules". Also what he's learned as a hedge fund manager, e.g. you'll make more money going long than going short, benefits of staying long rather than trading for an individual. Two other comments: 1. My belief is that for most people, they learn investing not from books or investing icons, but through trial-and-error. (So many of Cramer's audience to me seem not to have read even one basic book on investing.) If that's so, to find what works for each person and to move forward, I say it's best for people like this that their trial-and-error period be done as soon as possible, as early as possible. Therefore, rather than caution people that options and/or shorting and/or futures and/or having big bets on one, maybe two stocks - that's all dangerous and likely harmful for a novice, my suggestion to novices such as what Cramer's audience appears to be, is to try everything. Short with impunity; follow the crowd if that seems easy and comfortable; if you believe there are such things as "no-brainers" and you have found a no-brainer and you opine that you're not afraid of risk, then make a big bet on it; if you believe short-term trading is the way to invest, then do it. Either you'll find you have that good knack for it, or you'll go broke. If the latter, the sooner you go broke and the younger you are, the better. (You can recover and learn from mistakes.) So, imo, Cramer provides a good service for novices by getting them started and getting them hyped up (I presume) and getting them dancing in and out of stocks. A good learning experience. Especially for people who don't seem yet to have separated in their minds the difference between speculation and investing, and who don't seem to ever have read much about investing. ------ 2. Cramer's track record. I have the same issue with the record of currently popular Greenblatt (20%+ per annum over 10(?)20(?) years for him). Media reported but never any reference source for audited financial statements, and never any reference to the distribution of these results (i.e. could most of the performance be based on one or two stocks from early years and maybe held for a decade or more?). I suspect the reported figures if they are not at minimum exaggerations, they are bunk. When I watch Cramer's show, it's hard for me to accept that his showmanship buys/sells - as opposed to what he might actually be doing, e.g. holding a core portfolio - have consistently or on average delivered the multi-year gains espoused by the media for his hedge fund. All jmo of course.

To: Madharry who wrote (45801)	4/26/2006 12:05:54 PM
From: straight life	Read Replies (1) \| Respond to of 118717

In re: Cramer Since everyone's 2 cents is on display, here's mine: while he's hard to take in more than small doses (especially when he's got a live audience), that's how I take him. I learn what I can from him and disregard the rest. Because of him I've bought- and made money on- CMI,BA,TM,GOOG,UNH,WFR,ATI,SWB,SHLD,LEH,GS,BSC,CAT,GILD,CELG, AAPL... ..and lost money on- WWY,PG ...so far. I haven't bought his book, there's no subscription and I'm trying to make these buy and holds, rather than his idea of: buy, make a couple of bucks than sell a third and hold the rest for some unexplained period of time. Who knows; maybe in the fullness of time it'll become apparent that I should have sold them but so far I can't argue with his results.