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When XOM was in the 30's Jim Cramer said that it was uninvestable. Now in 90's he loves it

Posted on 6/2/22 at 2:45 pm
Posted by LSU in the hizzle
Member since May 2022
222 posts
Posted on 6/2/22 at 2:45 pm
I hate to think of the money that clown has cost/lost his followers.
Posted by ItzMe1972
Member since Dec 2013
11394 posts
Posted on 6/2/22 at 2:53 pm to
Not a fan.
Posted by rickgrimes
Member since Jan 2011
4253 posts
Posted on 6/2/22 at 2:59 pm to
quote:

Inverse Cramer ETF (Not Jim Cramer)
@CramerTracker

Tracking the stock recommendations of Jim Cramer so you can do the opposite.

@CramerTracker

If you pay close attention to what Cramer says and just do the exact opposite you will be fine.
This post was edited on 6/2/22 at 3:00 pm
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/2/22 at 3:07 pm to
Not a fan either. Not consistent at all and he is on way too much. But I guess he drives ratings with his personality so he stays on. I would like to see different analysts giving their opinions. Let him have his show but not up on the desk with the moderators all the time.
Posted by MrSpock
Member since Sep 2015
4785 posts
Posted on 6/2/22 at 4:28 pm to
quote:

I hate to think of the money that clown has cost/lost his followers.


First, you fill his bids...

Then you are his exit liquidity...
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 6/2/22 at 4:34 pm to
quote:

hate to think of the money that clown has cost/lost his followers.


If actually analyzed his recommendations are probably no better, or worse that any other investment manager.
Posted by Tigris
Cloud Cuckoo Land
Member since Jul 2005
12803 posts
Posted on 6/2/22 at 4:46 pm to
quote:

If actually analyzed his recommendations are probably no better, or worse that any other investment manager.


Forbes 2012 article:

quote:

What is all this monkey business? It started in 1973 when Princeton University professor Burton Malkiel claimed in his bestselling book, A Random Walk Down Wall Street, that “A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts.”

“Malkiel was wrong,” stated Rob Arnott, CEO of Research Affiliates, while speaking at the IMN Global Indexing and ETFs conference earlier this month. “The monkeys have done a much better job than both the experts and the stock market.”

In their yet-to-be-published article, the company randomly selected 100 portfolios containing 30 stocks from a 1,000 stock universe. They repeated this processes every year, from 1964 to 2010, and tracked the results. The process replicated 100 monkeys throwing darts at the stock pages each year. Amazingly, on average, 98 of the 100 monkey portfolios beat the 1,000 stock capitalization weighted stock universe each year.
Posted by Stiles
Member since Sep 2017
3452 posts
Posted on 6/2/22 at 4:55 pm to
quote:

When XOM was in the 30's Jim Cramer said that it was uninvestable.

To be fair, the “oil is uninvestable” quip was two years ago. The only companies he did recommend in the energy sector were Chevron and Devon. Devon is up over 500% since, the one company I wish I got in sooner. I had scooped up a good bit of XOM when it was high 30s/low 40s then but after its rise and then fall to low 30s in 11/2020 I was second guessing myself. It was then when I should have bought more.
quote:

I hate to think of the money that clown has cost/lost his followers

While I too think Cramer can be over rated, times change as do company valuations. 8 to 9 quarters is a long time. I mean, one could say the same and be upset at whoever recommended Sears 20 years ago.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15170 posts
Posted on 6/2/22 at 5:02 pm to
Guy is a hack. Wonder how much he is paid under the table on pumping and dumping things. He's no worse though than Most Analyst upgrading and downgrading for no reason other than them screwing retail and making money for their brokerage/bank.
This post was edited on 6/5/22 at 10:37 am
Posted by Tiger Prawn
Member since Dec 2016
23780 posts
Posted on 6/3/22 at 10:32 am to
No Cramer thread is complete without.....

Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
18290 posts
Posted on 6/3/22 at 10:34 am to
quote:

When XOM was in the 30's Jim Cramer said that it was uninvestable. Now in 90's he loves it

That's because he bought in the 60s
Posted by michael corleone
baton rouge
Member since Jun 2005
6140 posts
Posted on 6/3/22 at 10:47 am to
I bought a bunch at $38 a share and kick myself every day because I didn’t buy more. Anyone who thought that Exxon would falter is an idiot. They were up a decent amount with oil went negative. They are pretty skinny now from both and infrastructure and debt standpoint.
Posted by coolpapaboze
Parts Unknown
Member since Dec 2006
18224 posts
Posted on 6/3/22 at 10:49 am to
Skimming the tweets and don't see a performance summary. Is there one?
Posted by Enadious
formerly B5Lurker City of Central
Member since Aug 2004
18248 posts
Posted on 6/3/22 at 10:56 am to
quote:

They were up a decent amount with oil went negative.

No, Exxonmobil had been borrowing money to pay dividends for over a year before oil went negative. The CEO wanted to double Exxon's gross by 2030. We borrowed all kinds of money to build new units. Saudi and Russia got into an oil war, Exxon stocked tanked from the 80's to 60's well before the negative oil. I hope we have our shite together now that we have a new chance.
Posted by slackster
Houston
Member since Mar 2009
89376 posts
Posted on 6/3/22 at 3:44 pm to
The very important part of that article that you left out…

quote:

Nice trick! What’s the deal? No trick. Just send me $10,000 and I’ll sell you the best stock-picking monkey that money can buy! Seriously, the trick behind the outperforming portfolios had nothing to do with monkeys or darts. It’s all about smaller company stocks and value stocks outperforming the market over the period. From 1964 to 2011, the annualized return for the 1,000 stocks used by Research Affiliates was 9.7 percent. The 30 largest companies in the 1000 made up about 40 percent of the capitalization weight, but their return was only 8.6 percent annually. The other 970 stocks made up 60 percent by capitalization weight and their return was 10.5 percent annually. That’s a 0.8 percent per year premium return for smaller stocks over the 1,000 stock universe and a 1.9 percent premium return over the largest stocks.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
130739 posts
Posted on 6/3/22 at 4:12 pm to
quote:

I hate to think of the money that clown has cost/lost his followers.

Cramer sucks!
Karen Cramer (his first wife) was the brain behind his hedge fund.

At this stage, he's nothing but a big mouth attached to a 5'5" fat frame. Half of his show is a literal infomercial. MsNC still watches him religiously though, so I'm stuck listening to the SOB.
This post was edited on 6/3/22 at 4:20 pm
Posted by Upperdecker
St. George, LA
Member since Nov 2014
31758 posts
Posted on 6/3/22 at 6:45 pm to
LINK
Jim Cramer is a tool used to steer retail into the directions that Hedge funds want them to go
Posted by pdubya76
Sw Ms
Member since Mar 2012
6375 posts
Posted on 6/3/22 at 8:57 pm to
I bought at 42. I still have it all. Thinking about selling at 105-110. Not sure what to do since it’s been on a nice little run up.
Posted by 632627
LA
Member since Dec 2011
13759 posts
Posted on 6/5/22 at 9:25 am to
quote:

Thinking about selling at 105-110. Not sure what to do since it’s been on a nice little run up.


Sell half the position and (assuming you have time) initiate a long position on something that’s been beat down.
Posted by Weagle25
THE Football State.
Member since Oct 2011
47316 posts
Posted on 6/5/22 at 12:29 pm to
quote:

When XOM was in the 30's Jim Cramer said that it was uninvestable.

This board was also saying the same
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