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AVoiceOfReason · 08-22-2005, 06:22 AM

Yes, he blew that one, high, wide and handsome. And the next day, stood up and took his punishment like a man.

So, in keeping with that, I too am going to stand up and take mine. I didn't look at the marketocracy page two weeks ago when Cramer was on vacation, and I didn't go to it for the first couple of days last week. As a result, I let several stocks get away from my "8% down and sell" rule, and as a further result, the whole account is now out of whack.

Therefore, I'm going to recalibate this to include only those stocks he highlights during the show, not the quick mentions during the lightning round. During the lightning round, Cramer can't do the research that an investor needs to do--such as seeing what the volume (up or down) as been in a stock, to see if there is any recent news, that sort of due diligence--and while it's fun to hear him say "I LIKE that stock" or "You should buy that stock right now," it should be the beginning point, not the end of the decision making process. In fact, Cramer himself decries such decisions and he also would give the thumbs down to trying to own dozens of stocks in an account as I've constructed.

The other reason I lost immediate interest in this is that the picks are available now on Thestreet.com; the recap of the radio and television show is a good summary of what he said. I can watch the show in about 45 minutes on tape, but I can read that column in less than 5 minutes. Good way to save time!

I'll still rebuild that account in the next few days and report back here, but without all the lightning round stuff; I'm going only with the stocks that are highlighted and featured.

08-22-2005, 06:22 AM	#45 (permalink)
AVoiceOfReason Psycho Location: Greenwood, Arkansas	Yes, he blew that one, high, wide and handsome. And the next day, stood up and took his punishment like a man. So, in keeping with that, I too am going to stand up and take mine. I didn't look at the marketocracy page two weeks ago when Cramer was on vacation, and I didn't go to it for the first couple of days last week. As a result, I let several stocks get away from my "8% down and sell" rule, and as a further result, the whole account is now out of whack. Therefore, I'm going to recalibate this to include only those stocks he highlights during the show, not the quick mentions during the lightning round. During the lightning round, Cramer can't do the research that an investor needs to do--such as seeing what the volume (up or down) as been in a stock, to see if there is any recent news, that sort of due diligence--and while it's fun to hear him say "I LIKE that stock" or "You should buy that stock right now," it should be the beginning point, not the end of the decision making process. In fact, Cramer himself decries such decisions and he also would give the thumbs down to trying to own dozens of stocks in an account as I've constructed. The other reason I lost immediate interest in this is that the picks are available now on Thestreet.com; the recap of the radio and television show is a good summary of what he said. I can watch the show in about 45 minutes on tape, but I can read that column in less than 5 minutes. Good way to save time! I'll still rebuild that account in the next few days and report back here, but without all the lightning round stuff; I'm going only with the stocks that are highlighted and featured. __________________ AVOR A Voice Of Reason, not necessarily the ONLY one.