Jim Cramer - Fast Money

[TexasRangersFan]

I watch Jim Cramer's Fast Money when I have the chance.

It's entertaining and the guy is smart. I am amazed at his ability to recall so much information and know so much detail about the different companies.

On his set, he has a scoreboard. The top of the scoreboard always has the current date. On the left and right is a bull and a bear.

Underneath the bull and bear are numbers that change daily...12-35........90-78,......3-12 etc.

I have never been able to figure out what it represents. Someone told me it was a sports score, but that is not a valid answer for many of the numbers posted.

Does anyone know what it means ?

Thanks.

 

[platinumtrade]

I watch Jim Cramer's Fast Money when I have the chance.

It's entertaining and the guy is smart. I am amazed at his ability to recall so much information and know so much detail about the different companies.

On his set, he has a scoreboard. The top of the scoreboard always has the current date. On the left and right is a bull and a bear.

Underneath the bull and bear are numbers that change daily...12-35........90-78,......3-12 etc.

I have never been able to figure out what it represents. Someone told me it was a sports score, but that is not a valid answer for many of the numbers posted.

Does anyone know what it means ?

Thanks.

I don't know what the numbers mean but please don't trade based on this guy. He is a complete whack job. He had a failed hedge fund and his wife had to bail him out. He talks jiberish and flip-flops all over the place. Why is he on tv? CNBC's twisted idea of entertainment.

 

[TexasRangersFan]

I don't know what the numbers mean but please don't trade based on this guy. He is a complete whack job. He had a failed hedge fund and his wife had to bail him out. He talks jiberish and flip-flops all over the place. Why is he on tv? CNBC's twisted idea of entertainment.

Thanks,

I appreciate your help.

I don't believe every trade or suggestion Cramer makes. I never counted them but I bet he must reference 50-100 stocks a day.

There is no way anyone can make that many suggestions a day, day in day out.
Even with a staff.

He also spends time in the mornings as an anchor on CNBC. He is a busy man.

I have read two of his books and he has some 'good nuggets ' of information in there. There are worth reading for anyone that wants to learn about investing.
At least they were for me.

I know he is an entertainer but there is no one else in the industry that has his level of experience and enthusiasm that is able to broadcast a show like his. Most financial analysts are button down type guys that speak in a monotone voice and quote P/E ratios and how far the stock has risen or fallen in the last 52 weeks.
He is in a class by himself. Even if he is not perfect. He is the only guy that has introduced investing to the average guy on the street and explained it on a level that most people can understand.

I knew Cramer ran a hedge fund but I did not know his wife bailed him out. I wonder what her background is that she could do that.


I emailed his company, TheStreet.com and asked them the same thing I asked here (about the scoreboard) but I never got a reply. I asked them twice. But I blame that on his staff, not him.

I still want to know what it means though....I have considered the weather, sports scores, up and down ratios, new highs, IPO's.......nothing makes sense. I'll figure it out one day.........

 

[TexasRangersFan]

BTW, even though Cramer is the only guy that has a show like his, I found a new site last week that is interesting.

It's online ..........Tastytrade..........two guys host the show for several hours a day. The main guy ....Tom Sosnoff cofounded Think or Swim, sold it to TD Ameritrade for a princely sum and now has this gig.

I have only watched a few links but I like what I have seen so far. I learned about 'Karen the Supertrader' from his show. She is a retired accountant that traded stocks and moved up to options. Then she created her own hedge fund and has been getting 27 percent returns a year. She is pretty down to earth too. She gives away most of what she earns to people in Africa.


http://www.dailyfinance.com/2009/11...-with-the-600-million-man-behind-thinkorswim/

https://www.tastytrade.com/tt/

 

[tomorton]

I would humbly suggest Oscar Carboni be added to this class - thoroughly entertaining delivery with some real hard core nuggets of knowledge to help traders. See Oscar almost daily at -https://www.youtube.com/user/futuresanalysts.

 

[wackypete2]

How I trade Cramer:

1. Before his show starts, I have my platform open. (Verify with your broker that you can execute after hours trades)

2. For each stock that he recommends there will be a noticable "pop" in the price.

3. I fade the pop, place stop and profit orders and am always out of all positions before the end of the trading day, profit or loss. NO OVERNIGHT POSITIONS.

4. This does NOT work the same for stocks that drop after he recommends a "sell".


Peter

PS: I am an experienced trader and not recommending anyone try this immediately. Just observe for a few days.

 

[TexasRangersFan]

I would humbly suggest Oscar Carboni be added to this class - thoroughly entertaining delivery with some real hard core nuggets of knowledge to help traders. See Oscar almost daily at -https://www.youtube.com/user/futuresanalysts.

Thanks, I'll check him out.........always open to something new.....

 

[TexasRangersFan]

How I trade Cramer:

1. Before his show starts, I have my platform open. (Verify with your broker that you can execute after hours trades)

2. For each stock that he recommends there will be a noticable "pop" in the price.

3. I fade the pop, place stop and profit orders and am always out of all positions before the end of the trading day, profit or loss. NO OVERNIGHT POSITIONS.

4. This does NOT work the same for stocks that drop after he recommends a "sell".


Peter

PS: I am an experienced trader and not recommending anyone try this immediately. Just observe for a few days.

I'll do that......it would be fun to make a list of his recommendations and check the closing price for that day and follow up the next day and compare it to the daily movement from the DJI and S and P.

Good idea, thanks !

Something else you might want to consider is IPO's.
I have never tried them but it was something I recently thought about.
After some brief research I learned that 25 percent of new issues close lower than their initial price on the first day of issue.

And the other 75 percent close 12-15 percent higher.

http://www.nasdaq.com/markets/ipos/activity.aspx?tab=upcoming

https://www.nyse.com/ipo-center/filings

http://www.marketwatch.com/tools/ipo-calendar

 

[Pferd]

That guy is an idiot, here is his most famous recommendation:

and then this:

http://www.businessinsider.com/shareholder-letter-to-jim-cramer-2014-12?IR=T