Cramer Watch #2

[Po_d Mainiac]

15June09-13june09

Alas no trip to the River tonight. After the 7th 25yr rain event this month, my beloved Kennebec is still blown out. <groan>

I know I stated 30-day anniversaries, but the weekends messed the timing up a bit. And what’s a day or two between DU’ers? Soo how did the yahoo that claims to have a shit load of stocks “in his head” do. Or would doo-doo from the ground in the stockyards “in his head” be more accurate? :rofl:

http://www.cnbc.com/id/31370218

Here he shit-cans two health related stocks. (LLY) Eli Lilley & Co. and (UNH) Unitedhealth Group Inc. At the close 15June09, LLY was at $32.96, and UNH $23.50.

I hope you didn’t “short” UNH, cause you’d have a better taste in your mouth if you’d eaten your shorts instead. :puke: On June18th UNH rose to $25.45. At the bell this afternoon (7/13/09) UNH was trading at $25.01. Uhhh, that's higher Jimbo.

Crud Cramer does a little better with LLY, although he was bailed out with today’s 39cent drop. At the close on June 25/09 LLY traded at $35.33, up approx 10% from JC’s sell call. LLY finished today at $32.93, just 3cents off its 6/15 close. Today’s fall had more to do with patents running out. than Cramer’s “it’s Obama’s fault” line of reasoning.

That both of these have been bucking the downward pace of the S&P 500 since Crumby Cramer’s call to sell, shows just how in touch he is with the “Street” :sarcasm:

What’s even more pathetic is this Jim Cramer quote:
”Here’s the bad news: We won’t reverse course and continue higher until the S&P and stocks as a whole are back about even with their 30-week and 10-week moving averages. Now the good news: Cramer expects that to happen on Tuesday, if we continue at this downward pace. At that point, the fundamentals that have been driving this bear market, which started in early March, should reassert themselves.”
The Tuesday referred to in the above quote is 16June09. :wtf: Perhaps we now know what happens if you have an erection that lasts over six hours and fail to seek medical attention.

NOTE: Another of his picks that turned 30 days old yesterday, which I did not mention, was Huntington Bancshares (HBAN). Even after today’s 5.7% jump it's still below the close on 6/12 and now they have to contend with their bonds being downgraded to “junk” status. http://www.reuters.com/article/bondsNews/idUSN1318374120090713 Cramer can yap this stock up daily, which he has, but it’s a pig with pretty lips. Has he driven other stocks up with repeated screams of “BUY?” Yup, Sears Holdings comes to mind. That is till it fell off the cliff, and gave up around 50% of its value.

Guess it’s time for Jon Stewart to ream him another lower hemispherical orifice?

Thanx for all the Recs yesterday!

PS…….I ain’t cherry-pickin from the vids. I just open one at random and see where it leads. Odds are he’s gonna be right one of these days, but if he’s eating his own cookin and believes this shit, most of his calls are going to be worth less than a perforated condom.

[Warpy]

1. I think Cramer does meticulous research

and uses it to mislead the booboisie. How better to pump the profits of the insiders?

[Turbineguy]

2. From CW #1

http://www.cxoadvisory.com/gurus/Cramer/

[ozymandius]

3. He does like adding caveats, doesn't he?

If, if and if.... I hope no one takes him seriously when pondering investment strategies. Will he recommend investing in monoline businesses next?

[UpInArms]

4. great post and good job!

:thumbsup:

[Roland99]

5. Nice work (and great commentary)

[Po_d Mainiac]

6. Thanxs

English is my third language, preceded by bad English and really shitty English. My typing is the 4 finger style. Only have 1 thumb and 7 other digits (not because the family tree is rooted real close to that of other related primates) but due to close (excruciatingly real close) encounters with flesh eating machinery. AND, I'm a product of the public school system. :freak: