Jim Cramer is absolutely a sewer rat tout.
Casino stocks are a buy? Well, thanks you ugly little man. But you and your fan boys are a tad late to the party.
Some of us traders knew this back in April:
I wonder what Vegas will be like in the years ahead.... - Page 7 (sportsbookreview.com)
See post #212 and #215 in which I described why I was bullish on MGM stock.
(In post #194, I also stated we'll have a vaccine - contrary to the claims some imbeciles made that there will not be a vaccine for covid-19. But I digress.)
Re: #212 and #215, MGM has risen from $14.08 back on April 17 when I wrote the post to $30.98 (as of 12/16/20). Those who bought significant shares back in April would have done well - especially utilizing strategies such as OTM covered calls to add a steady stream of weekly income (MGM has weekly options).
Anyone who wants to argue that Jim Cramer is some stock picking genius can easily shut the critics up. Simply watch his laughable clown show on cnbc and post his buys. Do this every business day for a year straight.
It will become painfully obvious he's a coin flipper who pumps up his correct picks (what's that adage about the blind squirrel...?)
And, like any experienced tout, he'll down play his losers, of which there will be many.
The net result will be much worse than if the average Joe and Jane had invested their money in a good set of index funds rather than foolishly clinging to Cramer's every word.
Like any tout, do not blindly follow and do not blindly fade. Either strategy is a losing one in the long term.
Casino stocks are a buy? Well, thanks you ugly little man. But you and your fan boys are a tad late to the party.
Some of us traders knew this back in April:
I wonder what Vegas will be like in the years ahead.... - Page 7 (sportsbookreview.com)
See post #212 and #215 in which I described why I was bullish on MGM stock.
(In post #194, I also stated we'll have a vaccine - contrary to the claims some imbeciles made that there will not be a vaccine for covid-19. But I digress.)
Re: #212 and #215, MGM has risen from $14.08 back on April 17 when I wrote the post to $30.98 (as of 12/16/20). Those who bought significant shares back in April would have done well - especially utilizing strategies such as OTM covered calls to add a steady stream of weekly income (MGM has weekly options).
Anyone who wants to argue that Jim Cramer is some stock picking genius can easily shut the critics up. Simply watch his laughable clown show on cnbc and post his buys. Do this every business day for a year straight.
It will become painfully obvious he's a coin flipper who pumps up his correct picks (what's that adage about the blind squirrel...?)
And, like any experienced tout, he'll down play his losers, of which there will be many.
The net result will be much worse than if the average Joe and Jane had invested their money in a good set of index funds rather than foolishly clinging to Cramer's every word.
Like any tout, do not blindly follow and do not blindly fade. Either strategy is a losing one in the long term.
