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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 | Link to Comment Nolsgrad
Nolsgrad's picture

what a douche

Thu, 01/21/2010 - 19:49 | Link to Comment Anonymous
Thu, 01/21/2010 - 17:24 | Link to Comment sysin3
sysin3's picture

still TGFOAT

Thu, 01/21/2010 - 17:25 | Link to Comment Anonymous
Thu, 01/21/2010 - 18:20 | Link to Comment 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 | Link to Comment 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 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

JC huh...dually noted.

Thu, 01/21/2010 - 17:54 | Link to Comment economessed
economessed's picture

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

Thu, 01/21/2010 - 19:24 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Unscarred
Unscarred's picture

+1

Thu, 01/21/2010 - 20:11 | Link to Comment 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 | Link to Comment bugs_
bugs_'s picture

He did make a Google 1200 call just before the

meltdown.

Thu, 01/21/2010 - 18:05 | Link to Comment Anonymous
Thu, 01/21/2010 - 18:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment Anonymous
Thu, 01/21/2010 - 18:18 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment CB
CB's picture

fail. fail. fail.

Thu, 01/21/2010 - 18:28 | Link to Comment 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 | Link to Comment Anonymous
Thu, 01/21/2010 - 18:29 | Link to Comment Anonymous
Thu, 01/21/2010 - 18:37 | Link to Comment 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 | Link to Comment 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 | Link to Comment Anonymous
Thu, 01/21/2010 - 19:30 | Link to Comment 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 | Link to Comment Instant Karma
Instant Karma's picture

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

Thu, 01/21/2010 - 20:07 | Link to Comment 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 | Link to Comment Gilgamesh
Gilgamesh's picture

Nice use of Cramer and Nails together.

Thu, 01/21/2010 - 20:35 | Link to Comment Anonymous
Thu, 01/21/2010 - 20:44 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Cramer probably recomended the Nikkei today huh? 

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

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

Thu, 01/21/2010 - 22:54 | Link to Comment Anonymous
Thu, 01/21/2010 - 23:07 | Link to Comment Tyler Durden
Tyler Durden's picture

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

Fri, 01/22/2010 - 09:44 | Link to Comment Anonymous
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