<Perhaps the UK is getting the message The Oil Drum About that savior technology . . .>

35 comments on Jim Cramer: "The Simmons Argument is Right..."

Comments can no longer be added to this story.

| Show without comments | PDF version

Quinn on September 9, 2005 - 4:09pm Permalink | Subthread | Comments top
3 months ago, when oil was about $57 /bbl and oil stocks 20% lower than here, Cramer said oil and oil stocks were completely overvalued and he would take profits on all the oil patch - calls for $70 oil were 'crazy'. I guess he has been shown some new information.  As a contrarian though, it makes me wonder....He is entertaining if nothing else.
Comments can no longer be added to this story.
Prof. Goose on September 9, 2005 - 4:12pm Permalink | Subthread | Parent | Comments top
exactly.  that's why his turn is even more interesting than most...eh?  
Comments can no longer be added to this story.
step back on September 9, 2005 - 5:09pm Permalink | Subthread | Parent | Comments top
Cramer screams and rants. Why do you find his "sound logic" persuasive? --about anything?
Comments can no longer be added to this story.
Prof. Goose on September 9, 2005 - 9:08pm Permalink | Subthread | Parent | Comments top
Oh, come on SB.  You of the unconventional approach to communication trying to criticize someone (who happens to know the markets well and is seemingly convinced of developments with regard to petroleum) on his approach to communication...?
Comments can no longer be added to this story.
step back on September 10, 2005 - 9:33am Permalink | Subthread | Parent | Comments top
Defense: I'm one who says the "general public" responds to "sound" logic. Folk at TOD should be well beyond falling for that kind of junk science. Cramer claims that he is "MAD" and that is why the public should listen to him. Given that his show is still on the air, one has to assume he has attracted a sufficiently large group of viewers who are eager to listen to the MAD man and his screams, and to accept those rants as being credible (or entertaining) simply because of the way he intonates his rants.
Comments can no longer be added to this story.
mw on September 10, 2005 - 6:24am Permalink | Subthread | Parent | Comments top
I finally caught most of the segment - very good. It seems clear that he has turned a page and is awake to the idea. While the idea is exploitable to make a return off of, you can bet his viewers and readers will be hearing more about it. Lets hope he doesn't forget it at all the next time a multi-week or multi-month correction hits the sector.

As for style - I am not a Cramer hater myself. I'm a trader and can relate to him, even if I disagree with some of his opinions. He's far better than the vast majority of people selling investments or mutual funds (when was the last time most of them said "sell"?). His animated approach has gained fans and catches people's attention, and it seems clear to me that he is really trying to educate, as he goes over the same topics over and over again to ensure its sinking in.

Plus apparently he's not too worried about reputation; the show's popularity helps there no doubt. How many interviewers in the financial biz will invite a CEO to their show, listen, and then immediately tell their viewers after the interview/call to "sell sell sell"!

Not many and that's one of his values.

Comments can no longer be added to this story.
mw on September 9, 2005 - 4:57pm Permalink | Subthread | Parent | Comments top
Actually, he's been fairly consistantly bullish over the past three months on certain energy names. He did admit to taking some profit on EnCana (pros vary on what taking profit means... from what he chose to disclose, he didn't cash in all his chips), and also admitted to missing out as ECA continued higher.

I've not cashed in as yet on my core ECA position but do believe a short term correction is possible and if so, likely next week.

I would be shocked if Cramer, "three months ago" claimed it was getting crazy. Mid may the latest big leg of the rally started. It was only barely going by June.

Comments can no longer be added to this story.

35 comments on Jim Cramer: "The Simmons Argument is Right..."

Comments can no longer be added to this story.

| Show without comments | PDF version