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 Boo-yah! Barron's is Shorting Cramer

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gastaoss



Number of posts : 440
Registration date : 2007-07-01

PostSubject: Boo-yah! Barron's is Shorting Cramer   Sat Aug 18, 2007 10:07 pm

Boo-yah! Barron's is Shorting Cramer


Saturday, August 18, 2007 | 10:30 AM
in Financial Press | Trading


There have been rumors circulating that a major media source was going to pull a hatchet job on JC.

Well, it turns out to be only partly true. Jim Cramer is the subject of this weeks Barron's cover story: Shorting Cramer. While I would surmise he isn't thrilled with the coverage, he shouldn't be all that perturbed.


In our day, we've seen some media hatchet jobs. All things considered, this was a relatively mild ctitique.


The ever popular Ubiq-cerpt:™

<blockquote>"THANKS TO HIS NIGHTLY CNBC SHOW Mad Money, Jim Cramer
has become the chief cheerleader for the bull market, or what was the
bull market until a few weeks ago. Last spring, he was giddily
exhorting the Dow Jones Industrial Average toward 15,000, with no
troubles in sight. Earlier this month, as the Dow tumbled in the
direction of 13,000, he had an on-air meltdown, complete with
screaming, sobs and predictions of financial doom. The clip quickly
made the rounds on YouTube.
Friday, after the Fed cut the discount rate, he said that the Dow's run
to 14,500 had begun. With dramatic pronouncements like that, it's no
wonder that more than 100,000 viewers tune in each weeknight for his
antic mashup of sound effects, Streetwise advice and stock picks.

It's
those stock picks that caught our attention. Cramer, by all accounts,
had a stellar career as a hedge-fund manager. And he is held out by
CNBC as the guy who can help viewers make big money. But a
comprehensive and careful review of his stock picks by Barron's finds
that his picks haven't beaten the market. Over the past two years,
viewers holding Cramer's stocks would be up 12% while the Dow rose 22%
and the S&P 500 16%, according to a record of 1,300 of the CNBC
star's Buy recommendations compiled by YourMoneyWatch.com, a Website run by a retired stock analyst and loyal Cramer-watcher."
</blockquote>The
Barron's article included two charts. The one analyzing Cramer's 3458+
stock picks (see 2nd chart below) was not the one that really mattered
to me.


Rather, it was the chart of TheStreet.com (TSCM) itself.



I first mentioned TSCM's stock as a buy back on November 15, 2004 and then again on February 06, 2006 and yet again on April 26, 2006.

Since that first mention, the stock price has since tripled . . .

>




click for bigger graphs











Source:
Shorting Cramer
The Cramer Effect -- and Defect

BILL ALPERT
Barron's, August 20, 2007
http://online.barrons.com/article/SB118681265755995100.html
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