I find it funny

[bobwatford123]

When Jim is pumping a stock at the start of a show, IFLO for instance tonight. He takes these callers, they all seem far too educated on the company's situation and always sound like they are reading their questions off from a piece of paper....ie they are either furnished the questions from the show ahead of time or something.
Now, as the show isn't live, these question askers obviously know the stock that Cramer will be pumping at 6:00 beforehand. Considering the obvious effect Cramer has afterhours on shareprice (upwards), shouldn't this be illegal??? These "question posers" could buy early and make a fortune when the show airs.

[roehrigs01]

maybe the question posers are his trusty stock market interns... "Bob from Michigan, Buuyaaahoo"

and all know what stocking the questions are going to be on... throwing some of their intern money into the stocks the day of...they all "call in" and the stocks rise the next day.... hence they "ride the train" for the day or a few days... then bog out...

and repeat...

[mhertz]

yup, that's what happens...i can't say its his interns who do it, but cetainly those callers who call in know the information before hand and even though they agree not to trade on the info, it's hard to say no to 10-20% gain!

[bobwatford123]

It's stunts like that that's going to put him off the air. The callers sound so fake, its like, Cramer, dude, you have to be smarter than this. The callers sound soooooo prepped. It's just dumb. Let alone the obvious illegal trading that it and many other aspects of the show promote

[roehrigs01]

well, watching his craziness on tv got me back into trading again... I figured I am debt free now...after my divorce..;) .. making good money and have a low cost of living...so why not...:p

[sportsmadness80]

It's stunts like that that's going to put him off the air. The callers sound so fake, its like, Cramer, dude, you have to be smarter than this. The callers sound soooooo prepped. It's just dumb. Let alone the obvious illegal trading that it and many other aspects of the show promote

That is ridiculous to say. He only puts ideas and experience in his dialogue. You can take it or leave it. You accomplish nothing by not doing, but you gain from doing. Life is a risk so why worry about failure. You only fail if you dont try.

[bobwatford123]

That is ridiculous to say. He only puts ideas and experience in his dialogue. You can take it or leave it. You accomplish nothing by not doing, but you gain from doing. Life is a risk so why worry about failure. You only fail if you dont try.

I am assuming you are joking. It is clear now that an endorsement of Cramer can move a stock subtantially. It is also getting clear that some people must know what stocks he is going to be pumping before the show gets on the air....thus this leaves it open to believe that many will be trading on the information that Cramer is about to pump a stock, and making money....lots of money. Trust me, the SEC would have a problem with this, Cramer should realize this and change his format. It's not like it's just dialogue anymore, it is clear it moves the market (or individual stocks in that market). He has brought the stock market into every trailer park in America. Finding out what stock Cramer is about to pump before each show airs could net you an easy double in a week if done right (buying on margin, flipping the next day, putting that money into that nights stock etc). And some people do know what stocks he is about to pump. It is borderline insider trading. Oh, if only I was his cue card boy, he's likely a millionaire by now.....or the cue card boy's brother or friends.

[mhertz]

I was thinking as a way to illiminate insider trading is to air the show at 9:00, after after-hours trading is over (closes at 8:00). This way everyone is in the same position to know of his pick of the day as the first trades wont begin until the next morning.

[optimus25]

How long have some of you folks been watching the show? I've been watching since summer 2005. Cramer and CNBC have been emailed complaints etc. It would be foolish to think that a couple of callers have enough capital to move the stock after hours. It would also be foolish to think that Cramer and CNBC would something illegal....not to say that some of his picks don't leak out to the public. Before all the complaints started coming in, he didn't have the disclosure at the beginning of the show.

Insider trading is simply that....buying and selling based on information that has not been made public. Cramer does not, i'm sure he claims this, know inside information. He is simply analyzing the company and throws out ideas.

Now I understand if some of you folks have been burned by the Cramer effect. You take that chance if you buy after hours. A sudden surge in volume w/ little shares trading can cause the stock to appreciate rapidly.

[optimus25]

Investing is never easy. Most people that watch Cramer, I'm sure, don't realize the severity of their investment decisions until they lose some money. The mantra on this forum has always been: ..."do your own homework". Don't buy just because a man on TV says so.

[bobwatford123]

[QUOTE=optimus25]How long have some of you folks been watching the show? I've been watching since summer 2005. Cramer and CNBC have been emailed complaints etc. It would be foolish to think that a couple of callers have enough capital to move the stock after hours. It would also be foolish to think that Cramer and CNBC would something illegal....not to say that some of his picks don't leak out to the public.QUOTE]

While I agree with most of what you said, I wasn't insinuating that the callers move the stock. Quite the contrary. The trailer park trash and lemmings move the stock. The callers (just the obviously prepped callers at the start of the show), cue card boy's brother, CNBC interns etc could make sure they are in position, as likely many others do, so they can dump after hours during the "Cramer effect". Knowing the stock he is about to pump is worth at least a 10-15% pop every time.

[sportsmadness80]

Ok whatever, but it does not hurt to follow someones hunch and watch the stock and read up on what the company is doing. I found a few on Scottrade that might lead me to some profits. Walmart in Mexico is one lead I found and think will be big. Uranium is another area of my curiosity. But hey the JDSU thing Cramer mentioned made me study the companies intentions and it seems they are re-tooling their company in management and technology. Cramer makes a person think about alot of different markets and he gives I think a broad perspective of trading rationalities. He is not a stock propet but he teaches people some good tips.

[roehrigs01]

I find it funny that...

if you look at the lists for the past few weeks, a lot of the stocks show up many times... like sbux, goog, jdsu...
callers only ask about well talked about stocks....
cramer knows about every stock callers talk about...
no callers ask about any small time, non-heard of stocks...
never heard cramer say "I have no idea what the hell that stock is"
no callers ask any goofy crap...

and...

no callers ask about penny stocks...

[bobwatford123]

I find it funny that...

if you look at the lists for the past few weeks, a lot of the stocks show up many times... like sbux, goog, jdsu...
callers only ask about well talked about stocks....
cramer knows about every stock callers talk about...
no callers ask about any small time, non-heard of stocks...
never heard cramer say "I have no idea what the hell that stock is"
no callers ask any goofy crap...

and...

no callers ask about penny stocks...

Cramers call screeners make sure none of those stocks get through to the show. I believe he has a volume/market cap minimum for the stocks which he will talk about, which eliminates the small time and penny stocks. I don't find that unreasonable though, there is no way he could know all the crap that's out there on the OTCBB etc. Plus, unless you wanted your small cap to tank the next day or were short, I wouldn't mention it to Cramer anyways.....he would tell you it's a piece of crap and to SELL SELL SELL (in most cases he probably wouldn't be wrong either).

It would be interesting to try and track it. I'll bet I could turn $100,000 into $1,000,000 in two weeks of knowing what stocks Cramer was going to pump on his show that night. That is a problem, and may come back to bite somebody, not necessarily Cramer in the behind.

[madcowdisease]

How long have some of you folks been watching the show? I've been watching since summer 2005. Cramer and CNBC have been emailed complaints etc. It would be foolish to think that a couple of callers have enough capital to move the stock after hours. It would also be foolish to think that Cramer and CNBC would something illegal....not to say that some of his picks don't leak out to the public. Before all the complaints started coming in, he didn't have the disclosure at the beginning of the show.

Insider trading is simply that....buying and selling based on information that has not been made public. Cramer does not, i'm sure he claims this, know inside information. He is simply analyzing the company and throws out ideas.

Now I understand if some of you folks have been burned by the Cramer effect. You take that chance if you buy after hours. A sudden surge in volume w/ little shares trading can cause the stock to appreciate rapidly.

I've listened to him since 2002-2003. I didn't find out he was on CNBC until May of '05. Back then he didn't move the market as much. But it seems with his pumping of Google and the massive oil bullmaket this past summer and a few townhal type shows he has become mighty popular.

On the topic of the disclaimer, callers used to be able to listen to the show while on hold and could act on the info despite the disclaimer. I've read this has been ended after someone blasted the internet with Cramer's recommendation of ELOS or something like that. Now they sit in silence, but yea, they sound awfully prepped and someoen is banking off of it. His interns probably just text the ticker to their buddies and they all bank off it. Oh well, there will always be haves and havenots.

It would be interesting to try and track it. I'll bet I could turn $100,000 into $1,000,000 in two weeks of knowing what stocks Cramer was going to pump on his show that night. That is a problem, and may come back to bite somebody, not necessarily Cramer in the behind

I wouldn't doubt it. Add up all those 20% gains and pretty soon you have a few doubles, three, four, and five baggers too.