Friday, August 3, 2007

Cramer Freaks On CNBC Video Link

Here is a link to the video. If you missed it, check it out... trust me.

Lots of people looking for this so I bumped it. Read a brief synopsis from my earlier post here.

UPDATE: NYSE having messaging issues into the close... when will the system be water tight? Every day there is big volatility there are issues. Need more confidence in the trading systems.


High Probability Trader said...

Holy crap, looks like Cramer still trades and took the wrong side of the trade. WOW!

Dinosaur Trader said...

Yeah, he lost it.

This is getting lots of play. I mean, on one hand, it seemed like he was trying to drive the market down. But on the other, it seemed he was hinting at conspiracy theories... like, "no one else will say this" kind of stuff.

We'll see where the cards fall within a few months.


High Probability Trader said...

He's trying to set the tone for a black monday and totally freak out retail traders. On the other hand, we could be entering a bear market, after all its only been a week and we've been going up for how many years now. Just look at the put open interest that keeps getting added on IWM and SPY on the way down. You know big money is going to protect those puts for another 2 weeks. Now is not the time to learn how to trade. Should be a lot to read over the weekend, thanks for the video, it will definitely be another Cramer classic like the hedge fund games that are played.

Narrow Edge Trader said...

HAHAHA! WOW! Cramer lost his cool big time today. Awesome clip. You gotta love the guy! He must have lost a shit load of money. I was watching his show and he looked like he was about to have a nervous breakdown. The problem with Cramer is that he's a very emotional guy. When things are bullish and going his way, his head gets so big it can barely fit on the TV screen and when things get bearish he loses it. It doesn't seem like he knows that the mrkts move in cycles. Having said that he really made me a lot of money in the stocks that he pumps on his show and i gotta love the guy for that. Nice stuff DT.
well even while I was all hopped up on pain killers and trading with my left hand(LOL) b/c of my broken right thumb I managed to make two nice trades in GRMN and RDN and netted $7300 in profits. I'll post them on my blog over the weekend. Have a good weekend DT!


wincity said...

That's really a good video. The guy is literally crying. This is classic. It should be used to define the word "break-down".

"Load up the truck, you home gamers!"