Lambs being sent to the slaughterhouse

[piranha526]

How is investing in the stock-market a zero-sum game?

I'll clarify for him: trading shares is a zero-sum game!

Example:
Two traders are looking at stock XYZ at $25.
One trader buys 100 shares at $25 and the other sells 100 shares at $25.
Zero Sum - One will win and one will lose on a very simple level.

 

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[WheelsRCool]

AHHH....okay, my bad

 

[MJ DeMarco]

To the uneducated trader, stocks are gambling - to the educated, it isn't. I think both Chris and Hak are correct.

 

[KLPInvestments]

merged

To the uneducated trader, stocks are gambling - to the educated, it isn't. I think both Chris and Hak are correct.

This can be applied to everything in life. If you want to succeed and have good results in something, take the time to learn and master it.

In other news - remember those casino stocks that Cramer doomed? Up 15-20% since that day.

check out the video.......

YouTube - Rick Santelli Takes Down Jim Cramer

 

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[andviv]

ooops sorry klpinvestments and rawr. I was trying to merge the threads and ended up merging just the posts. And now I can't split them.

KLPInvestments, thanks for this link to the video

[ame="http://www.youtube.com/watch?v=SGkrNJ19DSU"]YouTube - Rick Santelli Takes Down Jim Cramer[/ame]

 

[PEERless]

That was so funny/sad to read those dunces threatening to "get" Cramer. I didn't think people actually made buy-sell-hold decisions based on a show with so many sound effects! Cramer is entertaining as hell, kind of like watching Tom Cruise jump on Oprah's couch -- every day. But it seems like everyone here sees the show for what it is: same old mind-numbing television.

 

[MJ DeMarco]

KLP Speed+ for the great video.

 

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[Rawr]

Rep ++ great video

 

[NoMorePay]

I have never trusted Cramer or his "results." I did appreciate the short run he made for me in JSDA and DAKT. I have always considered him the Oprah of the investing world. Cramer says, people do, stock goes up. Cramer says no, stock goes down. Both without any real reason.

 

[pitboss]

Cramer is part educator, part entertainer. But the trick is to heed his advice and not act on his "tip". Do the analysis, which you can get pretty much all the info on any stock from Yahoo finance, and verify if his stock pick is right. He is a pundit so if you buy into his tip right away, he has done his job by getting you to invest. I have noticed his suggestions do affect stock price. But to me that says there are many people watching his show and reacting too quickly. Or he may just know what he's talking about.

 

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[MJ DeMarco]

Another Cramer article

Jim Cramer Stock Touting Scandal - Yahoo! News

 

[Guest3722A]

Cramer is part educator, part entertainer. But the trick is to heed his advice and not act on his "tip". Do the analysis, which you can get pretty much all the info on any stock from Yahoo finance, and verify if his stock pick is right. He is a pundit so if you buy into his tip right away, he has done his job by getting you to invest. I have noticed his suggestions do affect stock price. But to me that says there are many people watching his show and reacting too quickly. Or he may just know what he's talking about.

What I've learned with Cramer is that when the market (S&P) is peaked out up around the upper bb, and the VIX is trading in a higher range (as it has been after the flash crash), the Cramer pop is useless. I sometimes have a knack of getting into stocks early & an example is when I had shares of L&L Energy (LLEN) and a couple days later he said it should be on fire but it fizzled instead of sizzled. But prior to the infamous flash crash that artificially pushed the vix into a higher trading range I was trading City Telecom (CTEL) and it was a beauuuuty! With perfect setups and nice momentum and all that and I think I got it down around like 11 or somethin' and then Cramer mentioned it a couple days later and it blasted off to like 16 the next day.

Now what I find interesting here is that isn't it funny how a set up occurs and then the stock is mentioned on his show a couple days later..... Things that make you go hmmmm....

But all in all, yeah, CNBC is fluffy garbage nowadays and I'd rather trade with shadow trader on in my ToS instead of even Bloomberg. That seems to be the direction us "lonely traders" (lol) are starting to go in.

 

[theBiz]

hahaha this guy is the smart one. He does no research and makes random stock picks yet still makes more money than everyone out there chasing investments!
Just kidding but you have to give it to the guy, i mean what do you want him to do? He has to give people false hope otherwise people wont watch. The average American WANTS to hear stock X will go up BUYYY!!! They do not want to hear buy nothing...be careful, blah blah. The average person needs hope in their life, Cramer gives it to this people. Everyone thinks in the stock market it is so easy to get rich, he profits off that fake idea that has been recirculating since Bud Fox bought his apartment and was sleeping with Darien.

Basically give the average person false "hope", b.s. them a bit, get higher ratings, get PAID Cramer style BBBBBB BOOYA!!

 

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[x9vjzs098u123rnl]

I don't even invest, I watch the show for the fun part- Lightening Round. This guy makes investing sound like the best fun he's had since recess in elementary school.

...and to round off the thread, here's his soundboard:

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