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Cramer the Kiss of Death for Apache Rally?
Apparently investors on Yahoo’s Message Board don’t take kindly to Jim Cramer saying that oil exploration company Apache (APA) is a buy. Many believe his endorsement equals the “kiss of death” and that means the stock will drop at least another $10 to $85 in the next two weeks.
Is it “cramerizing”? (as one poster put it?)
One poster got upset because Cramer keeps telling his viewers to buy certain stocks. He says:
He tells us to buy all these stocks. Like today, we should buy McDonalds. But it’s not like I have all this cash sitting around. If I had unlimited funds, I would not need the stock market. I don’t have my own TV show and hedge fund like he does. What gives?
There is no doubt that Cramer has influence on how a stock moves- at least initially- in the few days following the show. But there has been no known long-term effect on stock prices.
One Response to “Cramer the Kiss of Death for Apache Rally?”
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Mom and Pop Investors LLC is an independent publisher. Mom and Pop Investors LLC is not a registered investment advisor. Please consult your investment professional before making any investment decision. Sources of information are deemed reliable but they are in no way guaranteed to be complete or without error. The Editor may have positions in and may from time to time buy or sell any security mentioned herein. Past results are no guarantee of future performance.
January 13th, 2008 at 11:33 pm
I tend to agree with you whole-heartedly, as we all know that stock prices can go up or down because of what the media says about it.It could be very possible that he is getting some kind of override or benefit for “good-mouthing” that certain stock.unfortunately I have lost money listening to him ramble on about stocks, and other investments but I guess that’s what he get’s paid for. Mike