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Originally Posted by AVoiceOfReason
Love him or hate him (is there any middle?), Jim Cramer is becoming THE voice of stock market analysis much the way Louis Rukeyser (sp?) was for years. He has his webpage, book, radio show and cable show with one topic--buying and selling stocks. So, I thought we should have a place where we discuss his picks and pans, make a record of what he said and when, and see how things unfold.
An example of what I have in mind: He switched to bullish on Cisco (CSCO) about 10-15 days ago (I don't recall exactly) for the rest of the year. It's not moved much since then--it's been between 19 and 20 during that time--but he didn't pick it for quick pop. Same for Microsoft (MSFT).
One thing about Cramer--he's a momentum player, and if the momentum for those stocks or others switches, so will he; he'll do it publicly, and he may be wrong, but at least he'll make the call.
Any other fans/detractors out there?
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One think he has help me with is selling. I have a tendency to not take profits and hold a position to long or hope a stock will bounce back. Following his trading style I take profits sooner. On the buy side I now tend to average into a position, rather than buying all at once. After living through the Dot Com Bubble - I wish I had taken more profits when they were there, I was greedy.