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Cramer Nails Google... Kinda

Tyler Durden's picture




 

Cramer, January 13, TheStreet.com:

Cramer said it would have been wise to buy Google when the stock was down earlier today. Shares of Google are currently down 1% to $584.83.

Cramer, January 13, CNBC: "Google price target revised to $700/share. Google is going back to $625... a sizzling quarter awaits us." (3'30" into clip)

 

Google, January 21, market reaction on earnings - 5% down in 1 minute, $150 away from Cramer's price target. (at posting, the stock price was down to $549.00)

We hope you were smart enough to not listen to Cramer.

And we won't even mention Citi.

 

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Thu, 01/21/2010 - 17:23 | 201219 Nolsgrad
Nolsgrad's picture

what a douche

Thu, 01/21/2010 - 19:49 | 201461 Anonymous
Anonymous's picture

Who is the bigger douchbugger? - Jim Cramer or John Mayer.
It hurts to consider it right?
Definition of douchebugger... A guy who is such a douche the he would actually douch a horse before buggering it. Yeah. touch question.

Thu, 01/21/2010 - 17:24 | 201223 sysin3
sysin3's picture

still TGFOAT

Thu, 01/21/2010 - 17:25 | 201226 Anonymous
Anonymous's picture

hate to defend cramer but if you'd bought citi at the point he suggested (i.e. after stock price pushed down by offering) you'd still be up around 6 cents.

Thu, 01/21/2010 - 18:20 | 201321 VegasBD
VegasBD's picture

I used to watch to get an insight on what the 'herd mentality' was, but I just couldnt take it. Now I watch old Cheers episodes instead, much more calming.

"Nooooooooooorm!"

Thu, 01/21/2010 - 17:28 | 201228 economessed
economessed's picture

Score another one for the entertainment show.

JC missed his opportunity to switch horses when Billy Mays died -- he could have applied his huckster skills to electronic dog washers, kept his face on tee vee, and lost the noose of accountability for his random speculation.

Thu, 01/21/2010 - 17:36 | 201248 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

JC huh...dually noted.

Thu, 01/21/2010 - 17:54 | 201270 economessed
economessed's picture

I'm sure he has all his shirts monogrammed J "H" C.

Thu, 01/21/2010 - 19:24 | 201413 Pat Hand
Pat Hand's picture

The problem with that idea is that there is a huge distinction between Mays & Cramer.  Mays was very likeable...

Thu, 01/21/2010 - 17:34 | 201246 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The self proclaimed "Illuminant".....hmmm.  Real traders quote Spice Girls and Lada BlaBla.  He is such a brilliant man.  His charitable trust must be helping kids all over the world. 

Thu, 01/21/2010 - 17:45 | 201257 Mad Max
Mad Max's picture

I still want to know how much money you would have if you always did the opposite of what Cramer recommended.

Thu, 01/21/2010 - 17:54 | 201269 Waterfallsparkles
Waterfallsparkles's picture

A lot. I like to watch the action on his calls.  The stock usually goes up for about three days.  That is when to Short. 

Or when he tells you to sell the same applies wait 3 days then buy.

My 3 day rule is because his calls are to create Margin Calls.  Once the Margin Calls are gone it is safe to play the reverse trade.

Thu, 01/21/2010 - 17:48 | 201262 xamax
xamax's picture

Only one way to get rid off all these bastards on CNBCOMCASTAGANDA :

DONT' WATCH IT ANYMORE !

Thu, 01/21/2010 - 17:49 | 201264 DonnieD
DonnieD's picture

Watch Cramer's Stop Trading segment today.

http://www.cnbc.com/id/15840232?video=1392169370&play=1

He pees his pants when Barney Frank offers up his own bank plan that calls for "regulators" to watch over the banks. Of course we know how that will turn out. Any good idea gets fucked at every turn by some cocksucker (pun intended) in gov't. Makes me think Obama's presser today was all bark no bite. Does he have any balls?

Thu, 01/21/2010 - 17:54 | 201271 Master Bates
Master Bates's picture

The funny thing about Cramer is that he made his reputation as a stock picker in the late 90s with thestreet.com when it was okay to be bullish on askjeeves.com.

He still remains totally bullish on everything, because that's what made his reputation among the public as a stock picker.

Thu, 01/21/2010 - 18:40 | 201345 Unscarred
Unscarred's picture

+1

Thu, 01/21/2010 - 20:11 | 201501 impending doom
impending doom's picture

Kramer made his money as a hedge fund mgr by doing the exact same fucking thing he does now: pump, dump, repeat.

Thu, 01/21/2010 - 17:55 | 201274 bugs_
bugs_'s picture

He did make a Google 1200 call just before the

meltdown.

Thu, 01/21/2010 - 18:05 | 201291 Anonymous
Anonymous's picture

They should indicte that sorry POS named Cramer, he is the criminal mind behind ppl loosing tons of money.

Thu, 01/21/2010 - 18:11 | 201305 andrew123
andrew123's picture

Cramer is actually a reasonably bright guy.  I just wish he would stick to talking about stuff he is knowledgable about, and stop talking about the stock market.

Thu, 01/21/2010 - 18:49 | 201360 Dr o love
Dr o love's picture

Cramer is actually a reasonably bright guy.  I just wish he would stick to talking about stuff he is knowledgable about

Like what?  How to stay married?

 

Thu, 01/21/2010 - 18:13 | 201308 Anonymous
Anonymous's picture

Jim Cramer on CNBC, after interviewing Barney Frank on banking regulation, Wells Fargo and Bank of America took on more than 10% of the mortgage market, they bailed us out.

I guess we all are indebted to these two gallant financial institutions.

Thu, 01/21/2010 - 18:18 | 201313 Chopshop
Chopshop's picture

Gurgle trying to hold the open range just above 11/9's intra-day low of 554.23.

after reaching a multi-year triple top zone at c. 626, GOOG plotted a daily doji on 1/4, a bear engulfing candle on 1/5 and that's all she wrote.

Thu, 01/21/2010 - 18:18 | 201315 Digital Gunfire
Digital Gunfire's picture

Cramer is great !

no seriously.

 

I'm not kidding

 

I can't understand why you all hate him

 

He's really great

 

It is the BEST contra-indicator IN THE WORLD you can imagine.

You couldn't even BUILD one so accurate if you wanted too !

 

Thu, 01/21/2010 - 18:19 | 201316 sysin3
sysin3's picture

On a brighter note .... if you buy SPY right now you will outperform SP-500 for the year ;-)

Thu, 01/21/2010 - 18:19 | 201318 CB
CB's picture

fail. fail. fail.

Thu, 01/21/2010 - 18:28 | 201331 primus
primus's picture

Anyone that tells you they know what the market is going to do day to day or urges you to gamble on earnings releases is insane.

Fri, 01/22/2010 - 03:54 | 201993 Anonymous
Anonymous's picture

or has a first and last name that start with the letters raj

Thu, 01/21/2010 - 18:29 | 201332 Anonymous
Anonymous's picture

You can check out cramer's rating on the motley fool system. Please take note of the dunce cap: http://caps.fool.com/player/trackjimcramer.aspx?source=iersitlnk0000002

Thu, 01/21/2010 - 18:37 | 201339 Coming Down in ...
Coming Down in Powdery Sparks's picture

He DID rate the Bluth Company as a "Don't buy" as I recall.  His finest moment

Thu, 01/21/2010 - 18:45 | 201342 MarketTruth
MarketTruth's picture

Ahh yes, a nice photo of Cramer and Frank together again. (Note: Cramer is on the bottom)

http://images.paraorkut.com/img/funnypics/images/o/owned_wrestler-12235.jpg

Thu, 01/21/2010 - 18:45 | 201354 Anonymous
Anonymous's picture

Jimbo? John Stewart's on the phone. Wants to know if you're up for a guest spot again tonight on The Daily Show.

Thu, 01/21/2010 - 19:30 | 201421 the grateful un...
the grateful unemployed's picture

According to the CNBC analysts the Google quarter was good, just not good enough.

Seems to me Cramer was touting Citi a few days ago. I personally like Citi.

Thu, 01/21/2010 - 19:46 | 201456 Instant Karma
Instant Karma's picture

If you must buy something buy an inverse leverged ETF....lol.

Thu, 01/21/2010 - 20:07 | 201495 Liberdadedescolha
Liberdadedescolha's picture

Please check my charts update. 2 days ago i put here an alert and now i put the update.

http://midasfinancialmarkets.blogspot.com/2010/01/red-alert-update-com-v...

Thu, 01/21/2010 - 20:18 | 201509 Gilgamesh
Gilgamesh's picture

Nice use of Cramer and Nails together.

Thu, 01/21/2010 - 20:35 | 201541 Anonymous
Anonymous's picture

Cramer is my personal source for contrarian bets.

Thu, 01/21/2010 - 20:44 | 201562 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Cramer probably recomended the Nikkei today huh? 

Thu, 01/21/2010 - 22:41 | 201712 Fidel Sarcastro
Fidel Sarcastro's picture

Douchebag comes to mind when one hears the name "Jim Cramer."

Thu, 01/21/2010 - 22:54 | 201730 Anonymous
Anonymous's picture

GOOG is now down $.40 to $582.58. Were you just itching to bash Cramer and GOOG gave you the momentary opportunity?

Thu, 01/21/2010 - 23:07 | 201749 Tyler Durden
Tyler Durden's picture

I assume you are looking at the same 554.60x555.45 cross.

Fri, 01/22/2010 - 09:44 | 202059 Anonymous
Anonymous's picture

JC is still the largest shareholder in TSCM. In January 2008, he sold a large number of TSCM shares at close to peak price. His performances as a jackass on CNBC have been very profitable for him. He pumped up the price of TSCM and dumped at the right time.

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