Jim Cramer profile….
Anne Becker of Broadcasting & Cable gives a must read profile of Jim Cramer and his Mad Money program. The article covers all the bases and doesn’t gloss over the less positive areas…(via TVNewser)
Cramer has made his share of enemies, and some on the message boards dedicated to him lambaste his predictions. “Thank you for greasing the plank for the rest of my money,” posted John R. Gordon. “I am a low income person who just lost 3k+ on this trade … Thank you for giving my money to the insiders.”
While CNBC would not offer details on Cramer’s stock-prediction track record, he has had his share of lucrative hits, such as recommending Kmart at $40, only to see it climb to $157 within a year. But he has also had some colossal misses, including what he describes as a $17 million loss in one day on Cendant, when the travel/real-estate-services giant was charged with fraud. Cramer reviews his misfires on a Mad Money mea culpa segment called “Cramer vs. Cramer.”
Jim Cramer’s Mad Money track record. Unbiased, updated daily at www.booyahboyaudit.com
Comment by Michael McGown — August 13, 2005 @ 11:33 am