The Cramer factor; December 1st - January 30th
It is not hard to get an opinion on Jim Cramer. But it is hard to find how well his picks perform once the short term hype wears off. I will try to do a regular spot on the performance of Cramer's lightning round bull picks, but it should be known there are caveats;
[1] When I come home from work I switch on the TV to be greeted by Jim frothing at the mouth over something (I usually have CNBC on in the morning for want of something better; sometimes the previous nights Daily Show fits the bill if I have missed it). (Un)Fortunately Jimbo's Mad Money show clashes with a Seinfeld rerun and the real Kramer is more enjoyable to watch.
[2] Because of [1] and I am depending on the excellent Madd Money blog for the archived data. Unfortunately, I can't vouch for its accuracy - one of the stock symbols it had listed for Jim's December 1st show was incorrect and came up with an error, others may come up with totally unrelated stocks to the ones on the show
[3] I am only going with Jim's Lightning round Bull plays because it gives a good sample size (and time is money).
[4] I have included my picks for December 2nd as a comparison; it should be noted the returns exclude the use of my suggested stop price. These are a simple date-on-date comparison. For example, UAPH and BW were stopped out for losses eventhough BW rallied to log a 23.5% gain.
[5] The Pre-Madness and Post-Madness prices reflect the closing price on the day of the show (i.e. The pre-Mad Money price); the Post-Madness price reflects the next days open for the stock. I was surprised to see how little change there was in the next days open given some of the after market action in these stocks as the show airs. I thought I had erred on the dates with respect to the show but I couldn't see any big changes in the the previous day's closing price and the next day's open for the surrounding dates either???
[6] I have gone for 2-month data simply because it is data which is easy to get hold of and precludes some of the price adjustments associated with dividends.
[7] The Jimbo Bull calls are not a reflection of the original point-in-time he turned bullish on the stock. For example, he loves AAUK and the stock has appeared in previous editions of the show which means if you bought it earlier you would likely have bigger gains. The Bull calls also assume he did not turn bearish in the subsequent 2 months. This is a simple price comparison.
[8] I was surprised how good some of his calls turned out to be. The real test will come when we have a two-month downtrend in the markets, this will separate the Cramers from the Kramers.
Jim Cramer
Cramer
[1] When I come home from work I switch on the TV to be greeted by Jim frothing at the mouth over something (I usually have CNBC on in the morning for want of something better; sometimes the previous nights Daily Show fits the bill if I have missed it). (Un)Fortunately Jimbo's Mad Money show clashes with a Seinfeld rerun and the real Kramer is more enjoyable to watch.
[2] Because of [1] and I am depending on the excellent Madd Money blog for the archived data. Unfortunately, I can't vouch for its accuracy - one of the stock symbols it had listed for Jim's December 1st show was incorrect and came up with an error, others may come up with totally unrelated stocks to the ones on the show
[3] I am only going with Jim's Lightning round Bull plays because it gives a good sample size (and time is money).
[4] I have included my picks for December 2nd as a comparison; it should be noted the returns exclude the use of my suggested stop price. These are a simple date-on-date comparison. For example, UAPH and BW were stopped out for losses eventhough BW rallied to log a 23.5% gain.
[5] The Pre-Madness and Post-Madness prices reflect the closing price on the day of the show (i.e. The pre-Mad Money price); the Post-Madness price reflects the next days open for the stock. I was surprised to see how little change there was in the next days open given some of the after market action in these stocks as the show airs. I thought I had erred on the dates with respect to the show but I couldn't see any big changes in the the previous day's closing price and the next day's open for the surrounding dates either???
[6] I have gone for 2-month data simply because it is data which is easy to get hold of and precludes some of the price adjustments associated with dividends.
[7] The Jimbo Bull calls are not a reflection of the original point-in-time he turned bullish on the stock. For example, he loves AAUK and the stock has appeared in previous editions of the show which means if you bought it earlier you would likely have bigger gains. The Bull calls also assume he did not turn bearish in the subsequent 2 months. This is a simple price comparison.
[8] I was surprised how good some of his calls turned out to be. The real test will come when we have a two-month downtrend in the markets, this will separate the Cramers from the Kramers.
Jim Cramer
Cramer
