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How the f*** does Cramer stay on TV

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Nov 13, 2009 2:21 am
WFAt:

Fritz…i can agree with some of that but you assume everyone watches cnbc…the fact is guys like cramer, kass, cashin etc. get people excited about the market…AND OPENLY SAY CALL YOUR BROKER…call them pikers all you want but a guy like cramer who was a broker for gs is not an idiot. we would all kill to be brokers at gs.

He is one smart mother f++.  He knows how to work the system, did it at his hedge fund, now working another angle.  He is brilliant, because he gets away with it.  In the video out there on youtube he talks about how he builds a stock position, gets an "idiot like Bob Pisani to run with some bogus rumor they feed him then sell the stock."  But he said he does not do that anymore, that was a long time ago.  Now he just lets people come on TV and manipulate their stock for personal gain....you would have to be naive to think he is "in the dark" on these shananigans.
Nov 13, 2009 2:22 am
WFAt:

Fritz…i can agree with some of that but you assume everyone watches cnbc…the fact is guys like cramer, kass, cashin etc. get people excited about the market…AND OPENLY SAY CALL YOUR BROKER…call them pikers all you want but a guy like cramer who was a broker for gs is not an idiot. we would all kill to be brokers at gs.

  He never said Cramer is a piker. He said Cramer knows how to work the back end. You know.....The way you make BIG hits. Cramer is an idiot. I'll say it. He made all his money ( except tv personality ) in shady IPO deals. Dudes a loser, and if he wasn't hatched outof the proper place, he could tell you how to lay the line.( block laying ) Fritz, you're a smart dude, what was that stock deal that came out recently where the major share holder bumped up his sell after the offer price was lowered. WFAt, that is how you get PAID
Nov 13, 2009 2:25 am
WFAt:

Fritz…i can agree with some of that but you assume everyone watches cnbc…the fact is guys like cramer, kass, cashin etc. get people excited about the market…AND OPENLY SAY CALL YOUR BROKER…call them pikers all you want but a guy like cramer who was a broker for gs is not an idiot. we would all kill to be brokers at gs.

How can you compare Cramer to Cashin?  Thats like comparing that Miss Caliornia Carrie Prejean to Nancy Pilosi.
Nov 13, 2009 2:26 am

well im sorry you would not kill to be a broker at gs...i would. has nothing to do with not being happy where im at....has to do with dealing with hnw clients...tons of em. NOT trying to be an ass....just think its too easy to critique guys like cramer etc. god knows if all my trades were critqued id look like an idiot....ie. buy bank preferreds that went to 3 from 25....

Nov 13, 2009 2:28 am

[quote=WFAt]

well im sorry you would not kill to be a broker at gs...i would. has nothing to do with not being happy where im at....has to do with dealing with hnw clients...tons of em. NOT trying to be an ass....just think its too easy to critique guys like cramer etc. god knows if all my trades were critqued id look like an idiot....ie. buy bank preferreds that went to 3 from 25....

[/quote]   UNTRUE. Cramer said in mid-April to BUY a four year CD and not to touch the stock market. Anything after a statement like that is meaningless.
Nov 13, 2009 2:31 am

still waiting for you stock pick…just to prove how great you are…

Nov 13, 2009 2:31 am

[quote=WFAt]

well im sorry you would not kill to be a broker at gs...i would. has nothing to do with not being happy where im at....has to do with dealing with hnw clients...tons of em. NOT trying to be an ass....just think its too easy to critique guys like cramer etc. god knows if all my trades were critqued id look like an idiot....ie. buy bank preferreds that went to 3 from 25....

[/quote] the difference is with the preferred you hosed your client for .50 cent sales credit.  Jimbo is making HUGE RIPS on this gig.  If you had two weeks to build a position on a stock that trades 20,000 shares a day, and then go on TV and say BUY BUY BUY and have the CEO come on and lie about how great things are for 15 minutes that is how you some sick cash.  Stock opens up 3.00 and you sell everything to the morons who buy the next day, that is how you make money..not buy some preferred your syndicate desk shoots you an email on..make .50 cents and then give 60% back to your shop.
Nov 13, 2009 2:34 am
WFAt:

still waiting for you stock pick…just to prove how great you are…

    Piece of cake. SHORT spy. do not buy an ETF the PPT is gonna screw us all with those quickly. You now have my pick. Oh ya, I'm not a great timer, I was wrong on the NASDAQ by 50%, but I am still 50% above where I bailed.
Nov 13, 2009 2:37 am

SHORT THE SPY, after buffet says the market has great value....god bless your clients, but we all know you dont have the balls to call your clients and tell them that

Nov 13, 2009 2:38 am

[quote=fritz][quote=WFAt]

well im sorry you would not kill to be a broker at gs...i would. has nothing to do with not being happy where im at....has to do with dealing with hnw clients...tons of em. NOT trying to be an ass....just think its too easy to critique guys like cramer etc. god knows if all my trades were critqued id look like an idiot....ie. buy bank preferreds that went to 3 from 25....

[/quote]

the difference is with the preferred you hosed your client for .50 cent sales credit.  Jimbo is making HUGE RIPS on this gig.  If you had two weeks to build a position on a stock that trades 20,000 shares a day, and then go on TV and say BUY BUY BUY and have the CEO come on and lie about how great things are for 15 minutes that is how you some sick cash.  Stock opens up 3.00 and you sell everything to the morons who buy the next day, that is how you make money..not buy some preferred your syndicate desk shoots you an email on..make .50 cents and then give 60% back to your shop.[/quote]

Fritz,

I LOVE you. I'm not kidding. It is nice to hear from someone that knows the game. WFAt, I am not talking smack. You don't get it.......the wealthy place GARAUNTEED bets. NO risk. I will be in NYC will a former VP of derivatives at GS and he tought me the game. Oh ya, I passed on his offer.

Nov 13, 2009 2:40 am

[quote=WFAt]

SHORT THE SPY, after buffet says the market has great value....god bless your clients, but we all know you dont have the balls to call your clients and tell them that

[/quote]   Buffet says the market has great value..that is awesome. 
Nov 13, 2009 2:42 am

[quote=WFAt]

SHORT THE SPY, after buffet says the market has great value....god bless your clients, but we all know you dont have the balls to call your clients and tell them that

[/quote]   You're kidding???????? Buffet palced no bets on US stocks. Maybe he thinks the dollar will collapse, maybe banks will collapse, maybe he will only lose 50% OF THE INVESTMENT instead of 90%, NEVER talk to me about Buffet! The guy is Gordon Gecco not some old sweatheart. Also, he has had the benefit of a 20 year bull mkt. How did he do last year? DOWN 39% just like the S&P. Gangster tactics cannot save you from a deflationary bear mkt.
Nov 13, 2009 2:52 am

[quote=howboutshoeshine] [quote=WFAt]

SHORT THE SPY, after buffet says the market has great value…god bless your clients, but we all know you dont have the balls to call your clients and tell them that

[/quote]



You’re kidding??? Buffet palced no bets on US stocks. Maybe he thinks the dollar will collapse, maybe banks will collapse, maybe he will only lose 50% OF THE INVESTMENT instead of 90%, NEVER talk to me about Buffet! The guy is Gordon Gecco not some old sweatheart. Also, he has had the benefit of a 20 year bull mkt. How did he do last year? DOWN 39% just like the S&P. Gangster tactics cannot save you from a deflationary bear mkt.[/quote]



mel from the internet chat board



or the guy that spend 40 Billion in 15 minutes.





Honey, i have a great idea.



what dear?



I think Ill buy BNI today!



OK sweetie. good for you



have fun dinner is at 6   
Nov 13, 2009 2:56 am

Warren Buffet is puppet face for the financial media…They put his face up there as somone who you should do what he does.  He made the bulk of his money in a 30 year bull market, without that no one cares about what he has to say.  If he started in 1998 with 10 mill, 100 mill, 1 billion whatever does not matter.  Bottom line is would have made nothing, would not be in position to hold a pistol to broke companies head and give them money in exchange for preferred stock yielding 4% over other corperate preferreds they have and get free options for the heck of it. 

Nov 13, 2009 2:59 am
fritz:

Cramer touted Lenny Dykstra “as one of the brightest he has ever seen, a WIZ KID” !! Dkystra could barely form a sentence when he trying to explain a call option buy on the HBO piece a couple years ago.  You could tell is was a sham, yet Cramer was paying Dykstra to put his “picks” on the The Street.com.  Cramer is a fraud.  Do not understand how stupid people are to listen to him.

  Good point.  I read up on Dykstra a few years ago being a big sports fan and in the business.  I remember Cramer backing him pretty hard, then this year it all fell apart for Dykstra.  If a common journalist could see through what a joke Dykstra was how could Cramer not have?
Nov 13, 2009 3:07 am
fritz:

Warren Buffet is puppet face for the financial media…They put his face up there as somone who you should do what he does. He made the bulk of his money in a 30 year bull market, without that no one cares about what he has to say. If he started in 1998 with 10 mill, 100 mill, 1 billion whatever does not matter. Bottom line is would have made nothing, would not be in position to hold a pistol to broke companies head and give them money in exchange for preferred stock yielding 4% over other corperate preferreds they have and get free options for the heck of it.



fritz.

he is one of the smartest, peaceful,wise, humble and fair men in the history of humans

how can you trash him?      
Nov 13, 2009 3:09 am
Shania Twain:

[quote=fritz] Warren Buffet is puppet face for the financial media…They put his face up there as somone who you should do what he does.  He made the bulk of his money in a 30 year bull market, without that no one cares about what he has to say.  If he started in 1998 with 10 mill, 100 mill, 1 billion whatever does not matter.  Bottom line is would have made nothing, would not be in position to hold a pistol to broke companies head and give them money in exchange for preferred stock yielding 4% over other corperate preferreds they have and get free options for the heck of it.  [/quote]

fritz.

he is one of the smartest, peaceful, humble and fair men in the history of humans

how can you trash him?      

Not trashing him..I agree with everything you said.  He is no soothsayer, like some make him out. he will tell you that I think.  I like him.
Nov 13, 2009 3:14 am
LA Broker:

[quote=fritz]Cramer touted Lenny Dykstra “as one of the brightest he has ever seen, a WIZ KID” !! Dkystra could barely form a sentence when he trying to explain a call option buy on the HBO piece a couple years ago.  You could tell is was a sham, yet Cramer was paying Dykstra to put his “picks” on the The Street.com.  Cramer is a fraud.  Do not understand how stupid people are to listen to him.

  Good point.  I read up on Dykstra a few years ago being a big sports fan and in the business.  I remember Cramer backing him pretty hard, then this year it all fell apart for Dykstra.  If a common journalist could see through what a joke Dykstra was how could Cramer not have?[/quote] Believe me Cramer is not stupid, he knew the guy barely understood what an option is. Cramer was from Philly (Cramer sold peanuts at the ballpark), him and Dykstra probably had the con in the works for years, they decided to run with it.  The problem was that HBO piece where Bernie Goldberg and Bryant Gumble were onto it fast.  The end for Dykstra was that night, the rest was just a matter or time. 
Nov 13, 2009 3:15 am

Cramer is worth about 200 mil. So he’s done something right

Nov 13, 2009 3:17 am
muttley:

Cramer is worth about 200 mil. So he’s done something right

Can you read???????????  I am not disputing that.    Bernie Madoff was worth billions, he must be doing something right??    Neither made their money reading a balance sheet and holding stocks till the x dividend date.