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Old 06-01-2007, 07:27 AM
Shanemex Shanemex is offline
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Join Date: Aug 2004
Posts: 379
Default Re: does cramer make the stock market move?

I actually like Cramer's show, and credit it for getting me interested in the stock market. It's probably just a coincidence that I started to get more involved at a really good time (last September), but I still based pretty much all of my stock picks on his advice. Now granted, this were pretty big-cap companies, so anyone could have recommended them.

I still have AAPL (bought at 73), GOOG (Bought at 396), GS (bought at 162), and SHLD (bought at 151). I also had a fifth stock slot that I've changed a few times which had 2 around 7% losses, one quick 10% gain, and one that is still unchanged. Overall I may not be much better off than the market average, but I am still quite happy that Cramer made the market interesting enough to try and buy individual stocks instead of mutual funds.

I'm also very suspicious of the accuracy for those Cramer tracking sites. I happened to take a look at some of the lowest stocks on the complete best to worst list at yourmoneywatch and found these five stocks:
FMX Buy: 91.32 Cur: 39.84 Gain%: -56.37, split 3:1, so actually up 31%
Volv Buy: 44.06 Cur: 21.03 Gain%: -52.27, split 5:1, so actually up 139%
NKE Buy: 95.23 Cur 56.75 Gain: -40.41, split 2:1, so actually up 19%
TRMB Buy: 41.95 Cir: 29.19 Gain%: -34.97, split 2:1, so actually up 39%
HITK Buy: 29.60 Cur: 11.80 Gain: -60.14, split 3:2, so down only 40%

There are probably several other examples, some even much higher up the list, of stock splits that were not taken into account. Because of this, and the fact they don't update to close the position when Cramer recommends a sell, I don't think you can really judge him based on those results alone.
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