...when this deal is announced and shareholders are saved & how will he spin his wrong opinion.
And where did his video disappear to on friday ? Would love to know the powers that removed that.
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...when this deal is announced and shareholders are saved & how will he spin his wrong opinion.
And where did his video disappear to on friday ? Would love to know the powers that removed that.
I sure hope your right.
Where will Cramer hide ?
Saddam Hussein's :poop:Hole In Iraq!!!!!!!!!!!
Don't take me wrong, Cramer is a clown but he does make some good calls, from time to time, and some bad calls more often than not:
http://siriusbuzz.com/jim-cramer-say...ith-sirius.php
When stock market guru Jim Cramer speaks we listen. In the “Mad Mail” segment of today’s Mad Money, Cramer said that he believes “it’s always better to buy the stronger company”, like Sirius Satellite, rather than the weaker company, XM Satellite in a deal like this. He went on to say that if the anticompetitive deal does not go through Sirius should still go up. This should not come as any real surprise with Sirius’s current momentum in the industry.
http://siriusbuzz.com/jim-cramer-say...cal-choice.php
I just finished up watching another episode of Mad Money with Jim Cramer and he did take a minute to throw in his two cents on Sirius Satellite. The stock market guru said that when it comes to the Sirius XM merger, Sirius is the logical choice.
Mr. Cramer went on to say that his reasoning for choosing Sirius was two fold. The way he figures it, if Sirius does merge with XM then their stock will go up. On the other hand if they are not granted the merger, Sirius will beat out XM as there is only room for one satellite radio service and again… their stock will go up.
Not to be left out, Cramer chimed in with his thoughts on the potential merger, “I can’t understand why people are protesting the merger based on the fact that it would create a monopoly.” His thoughts are if the two satellite giants are not allowed to merge, only one will survive, thus creating the same monopoly people are trying so hard to prevent.
Let’s say for a second that Jim is right. Then why would Sirius even be considering this merger? I would have to guess that they are better off scooping up a few million listeners rather than letting XM fail and leaving a bitter taste in the mouths of current satellite subscribers. How many people would actually take a chance with another satellite company after leaving their current subscriptions and hardware behind? What do you guys think?
At least he is acknowledging the news reported:
http://www.thestreet.com/_yahoo/stor...FREE&cm_ite=NA
This could explain why the FCC waited so long, they may have made their decision on the fact that the competition over that drawn out 18 months was not beneficial to the subscribers.Quote:
Originally Posted by Siriusowner
Looks like Jim has finally tightened-up editorial control over there. I wonder why.Quote:
Originally Posted by sxminvestor
Do you really think he should hide? He did get the drop in share price right and any of us would have been wise to listen and sell when he said sell.
That being said, I have no idea if he knew what he was talking about at the time or if he was lucky... I honestly believe that he thought the company was a good idea when he had Mel on and praised SIRI and then did some homework and saw something he didn't like... whether it was the looming debt or the manipulation of the stock, I am not sure but, it sounds to me like he was pretty damn right over the last year.
I would have no problem with cramer if he had been more honest.
He could have said that he was wrong about the stock and I would have accepted that with no problem. Everyone has been wrong on stocks at one time. Instead he acted like he never touted it and proceeded to bash it as a lottery ticket.
Why should Cramer hide? He was right on with his prediction after the merger and the ugly financing. He said if you really like SIRI to wait until the debt is restructured in February. Sure he predicted some big upward moves pre-merger.. but circumstances changed. So he revised his position. Fair enough.
He didn't revise it he put it out as a new position and never mentioned his previous position.
cramer belongs on his own wall of shame.
And his new position was accurate.
I agree J56D but, I did hear him mention his old position on his TV show... he brushed over it rather quickly but what do you expect. We are watching what he says and focusing in on one company while he tries to cover 100 different stocks on his show.
That being said, I think he should be publicly teabagged for that switch job he pulled :p
Because he did an interview oon friday that conspicuously disappeared from the web, where he insisted that shareholders would be wiped out. It looks like he was wrong.Quote:
Originally Posted by SiriusBuzz
I think it is quite difficult to express an opinion publicly about this issue. He basically had a 50% chance of being right. Having said that, saying that this company will BK has (or had) more chances of being right than wrong (that is of course without having insider information)...
If he has to apologize for every stock that he has been wrong... OMFG ! There would be no TV show anymore and no street.com...As a matter of fact if every analyst has to apologize for each time they are wrong then there would be not analysts on WS (their egos are too big to apologize).Quote:
Originally Posted by J56D
He should have just kept his mouth shut. There were alot of people who may have let their shares ride, but heard him and got scared out friday. Now the shares may rise too fast for them to get back in. I personally kept 90% of my shares, but almost sold out thinking 0 was surely going to happen, even though deep down I felt Mel could pull this off.Quote:
Originally Posted by Siriusowner
We better be seeing the handshake tomorrow morning or the PR release prior to markets opening.
I had no idea... in that case... I am pissed at all of you for not getting a hold of the video before it was taken down! :p You should all be ashamed. I wonder if he spoke about something in the vid which would have been considered insider? Did anyone see it? Can anyone find a transcript of what was said?Quote:
Originally Posted by sxminvestor
The link just stopped working not far after it appeared. Not sure if anyone has a copy of it, maybe on you-tube. I'm going to check.Quote:
Originally Posted by SiriusBuzz
same ehere it was showing on there but wouldnt play, i dont think it was up more than 15 minutes before it stopped playing, cause i got to it quick and it wasnt working.Quote:
Originally Posted by sxminvestor