1st trade-BG-Bunge (raped!)

[pwilk517]

i've been watching mad money for a few months.
i see every stock cramer ever recommends go by on the ticker that evening
already up $1 - $2.
i finally got an account opened. my first trade;
he recommends Bunge (BG) soybean producer, so i buy it that evening.
that morning it opens DOWN $2 ! and its still going lower !
CRAMER YOU BASTARD !@%^&

HOW COULD YOU BE THAT WRONG ???
YOU SET ME UP.
now i see Bunge downgraded by Harris Nesbitt

I KNOW who cramers friends are, like the ceo of SHOO, who just got out of prison. he gets cramer to hawk his stock.
again, CRAMER YOU BASTARD !
i'm unemployed and now nearly out of funds. see statement above.

[Damon]

Not to be a d!ck, but I'm not sure I understand your reaction. If Cramer called your attention to Bunge, you took a look at the comany/fundamentals yourself and decided it was a good buy, then re-evaluate your decision and if you still like the stock, stick it out.

However, if you bought blindly based on Cramer's recomendation, then you get what you got and your blame is misdirected.

[teno4212]

If you read other posts here and in the specific Cramer-related forums, you'll notice that the "cramer effect" makes most of his picks rise a little to a lot because so many people watch his show (one of the 3 times each day) and then just go by his picks. Do your own research as a follow-up and make sure it's something you like as well before you actually buy.

[Kevin Wong]

One thing to keep in mind is that his show is called "mad money," not easy money. You should diversify most of your money in solid winners and only use a small percentage on "mad money" trades. We all know it's tempting to throw all our funds in a stock that we think is going to shoot up...I think we've all been there.

[Luc1Grunt]

You are a MORON. Based solely on your post....you are the "Fool" has been departed with his money. I've got a bridge for sale, I think you should take a look. I suggest a sign that reads "will whine for food", because if this is how you trade or invest, you're on a bumpy road. I've got an elevator pass for a one-story building for sale as well.:lol:

[Mad Girl Investor]

You are a MORON. Based solely on your post....you are the "Fool" has been departed with his money. I've got a bridge for sale, I think you should take a look. I suggest a sign that reads "will whine for food", because if this is how you trade or invest, you're on a bumpy road. I've got an elevator pass for a one-story building for sale as well.:lol:

Boy, youve got a lot of things for sale, Luc. Got a toaster, by any chance, mine's busted.

Seriously, we are each responsible for our own investments/trades. Do you due diligence before buying ANYTHING. An educated consumer, and all that.

[SpongeBob]

The way to make $ is short sell the stock he mentioned because ppl blindly boost the stock price and it will go down within a week.

[the_menace]

The way to make $ is short sell the stock he mentioned because ppl blindly boost the stock price and it will go down within a week.

I think Cramer serves some good picks, you just need to know what's the best price to get in. Just needs some patience and not get caught with the hype surrounding the stock he suggests.

As far as blaming him for picking the wrong stocks, its YOU who set yourself up not him for not doing your homework in the first place. The real lesson is... just listening to someone else's advice without doing your homework first is doomed for failure.

[pwilk517]

y'all are nice (cept for Luc). of course i did my homework;
My point is, that a DROP like THAT ($2) rite out of the gate !??
i'm sure somebody (cramer) KNEW SOMEthing !
THAT was a SET UP !!!
i think i know who HIS FRIENDS are, like the CEO of SHOO, just out of prison.
whats up with that ?

Preliminary homework; BG
Market Cap: 5.63B
P/E (ttm): 11.41
EPS (ttm): 4.43
Div & Yield: 0.60 (1.20%)
Bunge Limited, through its subsidiaries, operates as an agribusiness and food company worldwide. It operates through three divisions: Agribusiness, Fertilizer, and Food Products. The Agribusiness division purchases, processes, and sells grains and oilseeds, such as soybean, sunflower seed, rapeseed or canola, wheat, corn, and sorghum. It sells these products to oilseed processors, feed manufacturers, wheat and corn millers, and edible oil processing companies, as well as livestock, poultry, and aquaculture producers.

[pmb1010]

It's no setup. If you've been watching his shows, he says many times "don't buy it right away, wait till it comes back a bit, then load up on [his stock recommendation]".

[Thierry Martin]

That's right, he warns you that he will refuse to take responsibility for your losses if you just go out and buy. Use limit orders. Buy one quarter of your position at a time, over a 2 or 3 week period. I don't understand how you can ignore his advice and then blame him for your foolishness.

[roehrigs01]

well...if you are unemployed, yah shouldn't be thinking about stocks...

you should be thinking about job hunting, saving money & eating ramen noodles...

[Mad Girl Investor]

Ramen noodles............blleeeccchhhh!

Id like to blame Cramer for all my bad trades too...its always someone elses fault, right?

[Damon]

Damn, I love ramen noodles - 'specially the chicken or beef. I like to add a bit of soy sauce in addition the the flavor packet, though. I think I'll have some for lunch today.

Back on topic: pwilk517, if you did your homework and still like the stock, then keep it. Cramers picks are notorius for running up fast after hours on his mention and then correcting over the next few days. For example, I bought Bookham Inc (BKHM) @ $6.00 a couple of weeks before he mentioned it in his Harvard show (on 02/01/06). It ran up crazy that night on his recommendation it in after hours trading. The closing price on 02/01/06 was $6.96 (before the mention). The day after his bullish mention, the stock traded at near 20x it's average volume and closed at $7.80 for a healthy 12% gain.

Over the next couple of weeks, the stock dropped a bit as the hype died down and people took profits. In fact, many here were mocking those who bought it on Cramer's mention. On 2/28 BKHM closed at $6.98 (just 2 cents higher than when Cramer pumped it. I hung onto my shares b/c I still like the company. It closed at $8.28 on Friday.

The bottom line is that you can expect the quick run-up and subsequent correction when Cramer pumps a stock. Do you homework, be disciplined, and you'll do just fine. http://www.cramersmadmoney.com/images/icons/icon6.gif

[Luc1Grunt]

Mmmmm......Ramen noooooodles!

[Joel90069]

Sorry you lost money but I have to chime in with the others. We all have to take responsibility for our actions. No one took a gun to your head and said "Buy this stock." Jim Cramer is human, makes mistakes and often gives contradictory advice. Look at it as a learning experience and move on.

[jeffwils]

Hey...sorry it worked out for you like it did. Ask yourself something. If it were that easy to make money...wouldnt everyone in the entire world be doing it. No wait...i think they prefer driving 2 hours a day in rush hour traffic...getting cut off every time 3 inches gets in between them and the car in front of them...only to go to a job where they get paid for crap and work for a jackass that doesnt appreciate them. That's the life! Certainly is a lot easier than listening to someone recommend a stock...go to your computer...buy the stock...sit on it for a week and sell it. That's just me though.