Cramer recommended BSC 8 times

[metron9]

I have been trading for 25 years. just my 2 cents, Cramer is not someone you want to listen to.

This link takes you to a full history of cramers picks.
http://www.yourmoneywatch.com/index.php?name=Stocks&op=view&id=1442

After the BSC disaster crash of the stock on Friday Cramer says don't buy and CNBC spins the don't sell BSC as Don't pull your deposits, their safe. And deems hin right on the call.

http://www.cnbc.com/id/23678693

Here are the BSC calls he made since August of 2007 word for word on BSC COMMON STOCK.

08/17/07 - we want to buy stocks that the hedge fundshave been shorting/selling to raise cash - stock has been crushed - a good trade - co could get a bid

01/24/08 - think a takeover is about to occur - co is too valuable to remain independent - see a bidding war that could take the stock 40 points higher

01/25/08 - think there is an imminent takeover - put it on your shopping list to buy on any downtick

01/30/08 - will benefit from the Fed rate cut to 3% today - goes higher

02/11/08 - reiterate it will get bought out7

03/06/08 - believe in it - not giving up down here - might get bought

03/11/08 - co is not in trouble - could get a bid

[Amnion]

Well he was right in that the company got a bid and was bought out. Of course you might not like the purchase price.

I am not saying that Cramer was completely right or that you should blindly follow someone. Just making the observation about the buyout part being correct.

[metron9]

Well he was right in that the company got a bid and was bought out. Of course you might not like the purchase price.

I am not saying that Cramer was completely right or that you should blindly follow someone. Just making the observation about the buyout part being correct.

First, I have never made any trades based on cramers picks, of course some of the stocks I own or trade he talks about on his show but since he recommends about 1000 stocks to buy per year he is sure to hit a few. The only reason cramer made any money at all during the 90's is because a monkey could have thrown darts at the stock listing in the newspaper and made money.

Second, if a guy goes out and kills a person would you say gees he does a lot of good things to, lets look at the bright side. My god man this is only one of the latest glaring examples of the complete lack of any concern for any of his viewers. People that follow his advice and get killed and he not only goes on spewing more picks but has a complete lack of any remorse by saying he was right on one call out of 8 calls that cost a ton of people to lose 20 billion dollars. His show last night with his giddy moronic statement of "Geese I hope I got you out of these stocks in time" Now add to that his absolute dissing of the entire financial market in banking and broker stocks saying you need to sell them all. remember in January he called a bottom to financial stocks and now at the real bottom he is saying to sell them. Those very same stocks just went up 10% today alone on a 400 point dow rally to boot.

I just think people out there are getting hurt and the spin job the liberal CNBC has put up today saying cramer is right on BSC is just so moronic it pisses me off because i use to be a new investor and I have gone through the black boxes and gurus that KNOW NOTHING.

Don't listen to cramer, he is really a has been and really never knew anything about trading stocks. Like I said, everyone made money in the 90s because everything went up. I was there and I remember.

[Auggie]

The ironic thing is that Cramer mentioned BS was a potential takeover target on multiple occasions since last summer (which you've noted) while at the same time he's always telling people to never buy stock on takeover rumors.

I have been trading for 25 years. just my 2 cents, Cramer is not someone you want to listen to.

Yes Cramer speculated about BS being bought on a large number of occasions since last August, but that doesn't mean he's a hasbeen. It means he was wrong on the call. Would you consider Lloyd Blankfein, the GS CEO, a hasbeen as well?

Afterall unlike Cramer, who didn't have any disclosed positions in BS that I know of, GS was a top 20 shareholder of BS (http://money.cnn.com/galleries/2008/fortune/0803/gallery.bear_big_losers.fortune/6.html) :eek2:. Therefore Blankfein got it wrong too but I doubt we'll see someone start a thread bashing him on the call.

[coolio]

If you youtube the words "Cramer bear stears" there are tons of clips of him telling that caller to "not get out of bear stearns." He must think his viewers are morons by saying he meant their FDIC deposits are safe in bear stearns. Yeah right. People tune in to his show to get stock pics NOT to find out if their banks are solvent. Own up to it for petes sakes!

I hope you'll forward that video to all your friends. Me thinks it's Cramer who "KNOWS NOTHING!"

[Thierry Martin]

I have been trading for 25 years. just my 2 cents, Cramer is not someone you want to listen to.

This link takes you to a full history of cramers picks.
http://www.yourmoneywatch.com/index.php?name=Stocks&op=view&id=1442

After the BSC disaster crash of the stock on Friday Cramer says don't buy and CNBC spins the don't sell BSC as Don't pull your deposits, their safe. And deems hin right on the call.

http://www.cnbc.com/id/23678693

Here are the BSC calls he made since August of 2007 word for word on BSC COMMON STOCK.

08/17/07 - we want to buy stocks that the hedge fundshave been shorting/selling to raise cash - stock has been crushed - a good trade - co could get a bid

01/24/08 - think a takeover is about to occur - co is too valuable to remain independent - see a bidding war that could take the stock 40 points higher

01/25/08 - think there is an imminent takeover - put it on your shopping list to buy on any downtick

01/30/08 - will benefit from the Fed rate cut to 3% today - goes higher

02/11/08 - reiterate it will get bought out7

03/06/08 - believe in it - not giving up down here - might get bought

03/11/08 - co is not in trouble - could get a bid

I think Cramer is far from perfect, but do you really think that he was the only one fooled by the bs coming out of Bear Stearns over the last few months?

[brotherZ]

Trading stocks is not an exact science.
Cramer has and will continue to make mistakes.
I watch his show for guidance on what to buy or what to sell. I don't take all his words as gospel.

[Hondaboy]

Not everyone is perfect.

[Diviner]

If you youtube the words "Cramer bear stears" there are tons of clips of him telling that caller to "not get out of bear stearns." He must think his viewers are morons by saying he meant their FDIC deposits are safe in bear stearns. Yeah right. People tune in to his show to get stock pics NOT to find out if their banks are solvent. Own up to it for petes sakes!


You're being creative with the wording here. First, it was an e-mailer. The email said "Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?" Cramer responded "DON'T MOVE YOUR MONEY FROM BEAR"! There is no way they were talking about the stock. To try and spin it that way shows how little you know.

[coolio]

You're being creative with the wording here. First, it was an e-mailer. The email said "Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?" Cramer responded "DON'T MOVE YOUR MONEY FROM BEAR"! There is no way they were talking about the stock. To try and spin it that way shows how little you know.

1. this is a stock picking show. Not a show for traders, day-traders or otherwise. Why not clarify by saying trading accounts are not FDIC insured or if you have savings or checking $ there, it's FDIC insured.

2. The graphic was shown on the screen of BSC stock when he was responding. Come on! Check youtube.

Say you made a mistake and move on. Don't try to act like a politician and say, "What I meant to say was..."

[Auggie]

Let me start by saying I don't want to engage in any sort of pis_ing contest, but I do have an issue with your points.

1. this is a stock picking show. Not a show for traders, day-traders or otherwise.

What? I know two day-traders that tune in to watch Cramer. Do they place trades based on his picks the next morning, no, but Cramer's show has brought a stock or two to their attention. Just because it's a show about stocks doesn't mean every single word spoken about every single company has to be related to the company's stock price.

2. The graphic was shown on the screen of BSC stock when he was responding.

That's simply par for the course Coolio. MadMoney nearly *always* displays a stock chart for any company being mentioned. When Cramer mentions multiple stocks in a few seconds they don't usually have a graphic but otherwise they do. I completely understand why so many people can't stand Cramer, but if you want to bag on the guy pick one of his prior Bear calls where he was actually talking about the stock itself. That last call *was* about Bear's liquidity. Period.


Say you made a mistake and move on.


I'm assuming you're replying like that because Diviner took a shot by saying "how little you know". While that comment was neither necessary or called for it doesn't mean the rest of his reply wasn't valid. It was.

[coolio]

I think I remember Diviner and Aggie explaining away this photo on another board:http://z.about.com/d/uspolitics/1/0/m/C/mission_accomplished.jpg

[Rich]

2932

Watch the video, contains comments.

http://www.youtube.com/watch?v=gUkbdjetlY8

[Hondaboy]

Like i said in other post. A guy with a wall of shame and pie's can never be wrong.