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Jimbo is a TV personality and knows just as little as anyone else. The little positive correlation his recommendations have on a short term basis are from peopl
by pb7 5y ago
Jimbo is a TV personality and knows just as little as anyone else. The little positive correlation his recommendations have on a short term basis are from people buying in and pushing the price up. Casual market manipulation.
- hammock 5y agoWhat caused you to come to these conclusions? edit: Stop downvoting me. I did not realize parent commenter was OP of the reddit post.
- brewdad 5y ago"I analyzed 20k recommendations made by Jim Cramer during the last 5 years"
- snapetom 5y agoCramer tells everyone to buy, everyone buys. Price goes up, then smart people cash out in the profit taking. It doesn't matter what the recommendation is after that buy. Cramer can tell you to sit in a dark closet and fart for the rest of the week. He's successfully driven the price up on a very short term basis, and those that have caught on make easy money.
- blantonl 5y agoyou can literally watch a tick-by-tick chart of a Stock/ETF that is talked about by any of the CNBC talking heads during market hours and watch this occur in real time.
- 7thaccount 5y agoDoes HFT not make money off that?
- Jorge1o1 5y agoMy guess is that there are constraints that make it unattractive to institutions. Only 20 trading opportunities a day, fairly limited alpha on each trade (1-3bps), limited liquidity since you're just trading against the small retail population watching Cramer at that time, the possibility of getting picked off by another institution who figures you out...
- cols 5y agoThis is a well known effect. https://www.investopedia.com/terms/c/cramerbounce.asp https://www.investopedia.com/terms/c/cramerbounce.asp
- mellosouls 5y agoI like the assertiveness of this command to stop downvoting compared to the often passive-aggressive or hurt pleas.