In the gripping Cramer vs. Contrarian thread you will be pleased to know our Contrarian came out ahead by a mile. This thread will report the contradictions of our eminent market sage.
Couple of days ago the conversation with a caller to his Mad Money show went approximately like this
Caller - bbbbbb boo yah
Cramer - boo yah
Caller Jim few weeks ago you talked about good bad ugly stocks and had me tioned Kimberley Clark (klb) as bad.
Cramer ok
Caller - so the stock has done very well since your call. What do you think of it now
Cramer - I like it here - with oil price down.
Monday's show had ourhost in a rare moment of sanity. He explained how to pick stocks. While I don't subscribe to the approach he laid out- at least he made some sense.
He suggested using 52 sk high list as starting pt ( big no for me). Wait for 5-8% drop. And if stock fundamentals good buy. If less % drop too early. If more then may have bad news. My take - keep it simple. If stop k valuation attractive sound balance sheet then buy.
Also insiders that buy stacks at 52 wk high.
As I said keep it simple. Buy low at good fundamentals
If companies buy Ba k stocks with high short interest.
Our friend Mr. Cramer was working his magic. Before yesterdays ( Monday) market open he was beating up on apple while praising facebook. Problem? Apple had fallen 28% from its high. While facebook had skyrocketed 60% from its low.
Today Dell was up about 8% I think in the morning. And he started praising Michael Dell. A more fair weather prognosticator has yet to grace the airwaves.
Graham saab is on my to-read list already. I shall look at the others.
Charles is Chuck. Chuck is Charles. Charles is Charles Schwab. I have an account with them (a most amazing checkings one that apparently comes with a brokerage). Right up there with Ally in terms of being not-evil.
Basically I mean, it's just good to research companies and stuff.
Mr. Cramer yesterday spoke about risks with big stocks like Apple. Yesterdays show was useful. Some insights into how markets work. One in 15 shows is good.
Feb 19 was classic Cramer gd. Cramer. Mr. Cramer talked about his technical analysts talking about a " cup and handle" formation in gold. Apparently that was bearish. The he stated he thinks Gold should do OK. Thus the master covered all bases.
Today gold down 1.8%. So Cramer was right. And Cramer was wrong.
Cramer: The market is at 2010 (2.5 weeks ago). All time high. This baby is going higher. Buy any dip.
Cramer: (Market at 1825 intraday low This was last Thursday). We are nowhere near the low. Too many uncertainties. Ebola. China Europe slowdown. Russia Ukraine. Oil.
Cramer: (Market at 1941 yesterday close) As I said earlier buy the dips. This is a strong market.
Market was down 14 points today. Our collective heads are a spinning.