I'm just wondering if any of you watch his show, have read his books, or followed his picks. Just wondering what you think of the guy. I just love the enthusiasm and the acting ability. But lets hear it.
RookieBeotch said:I'm just wondering if any of you watch his show, have read his books, or followed his picks. Just wondering what you think of the guy. I just love the enthusiasm and the acting ability. But lets hear it.
DKS2814V said:I've noticed that if you closely watch stocks he encourages, their prices rise a little the next couple of days...
Euphoric One said:b-b-booooooyyaah.
50 Proof said:That's because he has such a strong influence on the stock market and there are a lot of morons who blindly buy what he recommends.
His advice should be followed if you only intend on holding stocks for the short term. If you are a long term buy and hold investor looking to buy a quality company, intend on holding the stock for several years or more through all the highs and lows, and plan on dollar cost averaging down when the stock price dips, than you should not follow Jim Cramer's advice. You also should not follow his advice if you do not plan on researching his recommendations before you buy them. When you buy a stock, you purchase a company. If you do not understand the business/company that you are buying, you probably shouldn't gamble your money away on what he says.
This is 150% correct. Do you own research. I love the show, have only read his first book, guy has an AMAZING life story. However, I take his recommendations and do my own research on them. If I don't get it, or it's counter-intuitive to what I would normally think then I'll stay away. . .
Good jump off point for a few investor though if you do your homework. . .