Power Sellers Unite

Golf-Ball-Connection · Joined: 22 Jul 2006 Posts: 18

For those of you who don't watch Mad Money, Jim Cramer is a super-hyper stock / financial analyst who tells it like it is on CNBC daily. Anyways, yesterday's episode focused on dot.com LOSERS. First company discussed: eBay. Jim said:

"There's been a revolution among the Internet stocks, he said, and it's time to remove Internet stocks that have been disloyal to investors and replace them with stocks that should be more dependable.

The first Internet stock Cramer told viewers to get rid of is eBay (EBAY - news - Cramer's Take).

eBay, which completed the single worst acquisition in buying Skype, needs to be swept out of your portfolio, he said. Skype is a company that will generate no profit and cost too much. "

He was bashing Meg, saying she's more concerned about who she is seen in public circles with than the financial health of eBay. And on & on he went... It was quite amusing.

Recap of the Show: Mad Money from 8/8/06

myauction · Joined: 24 Jul 2006 Posts: 277

Yes, I saw the section about Meg. He is so
funny in a nutty way :)

I like to watch him not to pick stock or to
dump stocks but because of his very frank
talk about management.

And he is SO right about eBay.

Sounds like something could be up tomorrow
so am anticipating ....

*southie* · Joined: 25 Aug 2005 Posts: 1728 Location: Sunny Florida

BOOOOOOO -YAAHHHHHHH!

myauction · Joined: 24 Jul 2006 Posts: 277

Great auction site *southie*

I used to listen to him on radio when the
Tv went out and before buying a new one.

Tis very hyper but I like that energy. Maybe
he could get rid of the props though except
for the Meg doll :)

Check out these two threads over there

Meg Whittman ONLY RECEIVES 15 EMAILS ABOUT US SELLER'S BEING UNHAPPY

Letters to Meg

They are going to prove she got more than 15 :)

Roundabout926 · Joined: 08 Apr 2005 Posts: 2832

Quote: › docWrite("quote")eBay, which completed the single worst acquisition in buying Skype, needs to be swept out of your portfolio, he said. Skype is a company that will generate no profit and cost too much.

Wow, he's only a year behind on that acquisition. Don't base your investments on this guy. He's smart, and fun to watch, but he even tells you that you need to do your own research and choose stocks at your own discretion.

Saying that about Skype angers me. Aren't you supposed to forecast these things before an acquisition is made, not after it's cost the company billions in dollars? Or are we all supposed to invest with the Crystal Ball named Hind-sight...

*southie* · Joined: 25 Aug 2005 Posts: 1728 Location: Sunny Florida

myauction wrote (View Post): › docWrite("quote")Tis very hyper but I like that energy. Maybe
he could get rid of the props though except
for the Meg doll :)

Then what the heck is HE supposed to tear up,
throw, and chew off - if you took all the props?

So far he hadn't yet stood on the desk and ripped
the Stage Lights off!

:lol:

(PS: thank you for your kind words)

*southie* · Joined: 25 Aug 2005 Posts: 1728 Location: Sunny Florida

Roundabout926 wrote (View Post): › docWrite("quote") Or are we all supposed to invest with the Crystal Ball named Hind-sight..

Roundy ... you're getting closer!

:lol:

myauction · Joined: 24 Jul 2006 Posts: 277

*southie*, yes I guess the props are fine.
But sometimes too distracting all the sound
effects and such :) Again, I love his energy
and to me the value is his ability to emphasize
how management are supposed to be doing
the job they were paid to do versus hob nobbing
etc.

And to clarify about doing what he says with
picking or dumping stocks, that goes for any
tv or radio or paper media. Everyone needs
to do their own research. But he brings the
emphasis of the managing of a company
into focus and that is one of the most
important things to do before buying stocks.

Cramer endorsed the Rule #1 book and the
author talked about him in his book. It is
EXCELLENT as it talks about really understanding
the management and how to determine which
stocks to buy based on real numbers. So a
much better statistical method than many use
including many fund managers etc. who only
care about their commissions.

Not sure about this but bet he did make a lot
of noise when Skype was bought. How would
he have known in advance? And pointing out all
the bad things eBay has done is a good thing.
The stock investors or potential ones have a right
to know. And as many of us has paid eBay a
LOT of money, it is shameful to be wasting our
money and not fixing the many problems.

*southie* agree let him made a lot of noise
however he or cnbc wants him to :)

*southie* · Joined: 25 Aug 2005 Posts: 1728 Location: Sunny Florida

I've called him - twice!
Quite some time ago ... one being an inquiry of
Honeywell - which he called it Funnywell, and I
already had plans to dump it ... and he confirmed
my perspective.

And of course when I called in reference to IBM.
And I can still remember what he said, " You are
nuts if I thought of selling IBM, and I was committing
suicide, 'cause it was gonna go up" (And he was right)

PS: I have SOLD Cramer's books - and they do
very well!

myauction · Joined: 24 Jul 2006 Posts: 277

*Southie*,

I think that is exactly how good he is. And
then utilizing how smart he is and basing
a decision based on other facts.

and certainly wasn't saying most or some
of his picks and dumps are not right as
have not listened to him enough to know
but do know that one book if you read it
will surprise you how one can buy and
sell much safer. I have read it but do
not have the money right now to do anything
with it because my financial place made sure
of that. But was very impressed that Jim
Cramer endorsed it and he is mentioned in
that book as something like "he is out there
helping the regular person".

I actually recommended to someone to
not just look at numbers but also listen to
Jim Cramer and others like him.

So think people should take a lot of what
James Cramer says very seriously.

So to me utilzing what is in that book and
then listening to Jim Cramer and others
who are not the typical analysts to help
decide what to do is a good plan.

Jim Cramer also "bashed" Meg on his 9th
tv show.

Cramer again pointed out some very
bad acquisitions and eBay was the main
topic of that discussion where he believes
they will never get their money back because
of how much they overpaid for Skype. And that
it would have been better to be in partnership
versus buying them. And where did all this
money come from? Well, out of the pockets
of all of us.