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#2
02-10-2006, 05:26 AM
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Re: Jim Cramer, Action Alert Plus
[ QUOTE ]
Lots of people at my company believe in this guy. [/ QUOTE ] I don't know what the action alert system is, but this is the only piece of info I need to know to conclude that it's nonsense. 
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#4
02-10-2006, 11:57 AM
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Re: Jim Cramer, Action Alert Plus
Ed,
Thanks for responding to this. I elaborate here. Anyone that wants to play winning poker has to take 100% responsibility for all results. That is what gets you from A to B; from assigning blame to some other force or individual towards realizing you have all the solutions in your decision-making and choices. 99% of the players in the market want a simple answer to complex questions and do not want to work. They consequently want to be told what to do. It's a very natural consequence of being human. Enter Cramer. Now Jim Cramer here is tapping into not just these universal facts of human nature, but also the current zeitgeist-- the "spirit of the times". He's tapping into some large forces at work here. We are in a very confusing time in terms of investing. We have come off the recent dotcom/NASDAQ crash, the recent boom in real estate and the ongoing misleading stats (propaganda) coming from the government about inflation etc. The financial press is always bullish to appease advertisers, etc. Stocks appear safe and everyone wants to be long. "Core inflation" is supposedly low but commodities are in strong uptrends. It's a confusing time with many cross currents and transitions taking place against a backdrop of "perpetual war". Cramer taps into the zeitgeiest and the universal need to be led. As such he is pure genius in terms of sensing the mass-psychological mood and speaking to it. I suspect the existence of Cramer's MAD MONEY is a very valid indicator of the current mass mood and the zeitgeist. His show is leading in the ratings for the channel that carries him. There was an article about what Cramer means in terms of the state of investing in the NY Times just last week. He is having his day in the sun now and his show will fade when the format and content no longer reflects the spirit of the times. Cramer is highly entertaining and completely understands trading and The Crowd. I'm not sure the show will continue after a real drop in the indexes occurs, because his show panders to the crowd and the crowd wants to be long. YOu dont hear him recommending any shorts on his show very often and there are very strong reasons for that, again related to advertising revenues. Cramer is a Wall Street pro and part of investing's pop culture. He represents a dangerous obstacle to your success by reducing a complex problem to a soundbyte. His show strongly encourages popular limiting beliefs about the market. Here is a great quote from the dedication inside the out-of-print book, SUPERPERFORMANCE STOCKS by Richard Love: To the individual investor, Whose investments are manipulated by his government, whipsawed by Wall Street professionals, and dominated by institutions. "...let me warn you that the fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions." -Livermore
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#5
02-10-2006, 12:09 PM
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Re: Jim Cramer, Action Alert Plus
You can follow some of his commentary on The Street, his free web site along with a group of other commentators that he has brought together.
You should not be subscribing to any of their premium products until you are satisfied that you are gaining value from their free content! fwiw, I have at various times subscribed to their realmoney pay site... I found the information there more valuable than the cost! If you are looking for assistance in evaluating stocks or the state of the market, there are worse places you could throw some money!
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#7
02-10-2006, 02:54 PM
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Re: Jim Cramer, Action Alert Plus
I'm pleased you enjoy the post. I typically expect an underwhelming response to this type of essay. You can see why.
Belief change is a difficult business at best. Peace to you, zerosum.
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#8
02-10-2006, 04:23 PM
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Re: Jim Cramer, Action Alert Plus
[ QUOTE ]
I'm pleased you enjoy the post [/ QUOTE ] I liked it too!
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#9
02-10-2006, 04:45 PM
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Re: Jim Cramer, Action Alert Plus
[ QUOTE ]
You should not be subscribing to any of their remium products until you are satisfied that you are gaining value from their free content! ... I found the information there more valuable than the cost! [/ QUOTE ] i agree with the first statement, but the value of the free content has been... well, marginal. i also agree with the second statement. the advice that i followed from AAP has brought me more than it cost. it is well worth the money, but it requires some work. if you follow any advice without doing any of your own research, you will get burned.
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#10
02-10-2006, 06:32 PM
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Re: Jim Cramer, Action Alert Plus
Quick note on this [ QUOTE ]
YOu dont hear him recommending any shorts on his show very often and there are very strong reasons for that, again related to advertising revenues. [/ QUOTE ] I think he is definitely promotes more active trading than almost all people you see on TV,and he pretty much knocks buy and hold every chance he can get. He knocks as many stocks as he recommends I'd guess, but he doesn't go recommending shorting stocks that I remember.. but then again I don't remember many people on TV recommending that seeing that the vast majority of investors and viewers will never short a stock in their lifetime. To the original question, What all is included in the Action Alerts Plus product? Is it simply a heads up on which stocks Jim Cramer will be putting in his portfolio, or is there some good reasoning and content included as well? Does it frequently give you a heads up on what will be featured on his TV show? That alone would easily be worth it with the amount of people that follow him, so I doubt thats the case.
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