Douglaspt
11-28-2016,
Excerpt: http://www.insidemadmoney.org
There is a serious problem with www.thestreet.com's (http://www.thestreet.com%27s) Mad Money
performance: it only tracks picks for the last two months. Why only two months? Is this due to a technical reason or does it have deeper implications?
A few weeks ago, a new section appeared on Jim Cramer's very own www.thestreet.com: (http://www.thestreet.com:) the Mad Money Performance section. This section was originally a fan website which tracked Jim Cramer’s performance independent of thestreet.com. This website was eventually acquired by www.thestreet.com (http://www.thestreet.com) for an undisclosed figure and it is now fully integrated into it. The format has remained largely intact, however.
A special note from Jim Cramer on the main page of Mad Money Performance can be found here:
Ever since I started in this business, I have cared passionately about my record. I prided myself on making sure that people knew how I was doing at all times. I also insisted that my record be audited by others, outside my control.
I am doing that same thing now right here. I want people to be able to see exactly what I say, when I said it, and how I feel about each stock now. I am doing this because my personal reputation is at stake and nothing is more important in business than personal reputation.
With that, I turn my performance monitoring over to this unique service and I thank you for taking the time to monitor me, as you should, regularly, to be sure that I am doing my job in trying to make you Mad Money.
Mad Money Performance only tracks picks for the last two months, however. One might speculate that Mad Money Performance has only been tracking picks for two months, thus they only have two months worth of data. This is false; the original website had been tracking picks for at least the past 3 months. In fact, the main page explicitly states that only the last two months of shows are tracked.
The fact that only the last two months are tracked in several cases covers up the fact that Cramer has often changed his position on a number of stocks often in a short amount of time.
For example, Corning (GLW) has long been recommended by Cramer for many months. Approximately two months ago, however, there was a period of time that Cramer was bearish on the company. Looking up Corning on the website only shows one negative recommendation followed by four positive recommendations. The original positive recommendations before Cramer turned bearish on Corning are not there.
Another famous example is China Medical Technologies (CMED). Cramer originally was very bearish on it, changed his mind once he found out GE and some other American companies were involved with it, and has most recently changed his mind again. Again, the website only gives a partial picture of this.
Although it can be strongly argued that Jim Cramer has changed his mind based on valid events or information, it is still alarming that only the last two months of shows are tracked. It can also be argued on the contrary by bringing up several more examples in which Cramer changed his mind. Why only two months? Is it only two months for technical reasons? Or perhaps www.thestreet.com (http://www.thestreet.com) doesn't want to offer enough information to make meaningful long term analyses of Cramer's recommendations?
Source: http://www.insidemadmoney.org
There is a serious problem with www.thestreet.com's (http://www.thestreet.com%27s) Mad Money
performance: it only tracks picks for the last two months. Why only two months? Is this due to a technical reason or does it have deeper implications?
A few weeks ago, a new section appeared on Jim Cramer's very own www.thestreet.com: (http://www.thestreet.com:) the Mad Money Performance section. This section was originally a fan website which tracked Jim Cramer’s performance independent of thestreet.com. This website was eventually acquired by www.thestreet.com (http://www.thestreet.com) for an undisclosed figure and it is now fully integrated into it. The format has remained largely intact, however.
A special note from Jim Cramer on the main page of Mad Money Performance can be found here:
Ever since I started in this business, I have cared passionately about my record. I prided myself on making sure that people knew how I was doing at all times. I also insisted that my record be audited by others, outside my control.
I am doing that same thing now right here. I want people to be able to see exactly what I say, when I said it, and how I feel about each stock now. I am doing this because my personal reputation is at stake and nothing is more important in business than personal reputation.
With that, I turn my performance monitoring over to this unique service and I thank you for taking the time to monitor me, as you should, regularly, to be sure that I am doing my job in trying to make you Mad Money.
Mad Money Performance only tracks picks for the last two months, however. One might speculate that Mad Money Performance has only been tracking picks for two months, thus they only have two months worth of data. This is false; the original website had been tracking picks for at least the past 3 months. In fact, the main page explicitly states that only the last two months of shows are tracked.
The fact that only the last two months are tracked in several cases covers up the fact that Cramer has often changed his position on a number of stocks often in a short amount of time.
For example, Corning (GLW) has long been recommended by Cramer for many months. Approximately two months ago, however, there was a period of time that Cramer was bearish on the company. Looking up Corning on the website only shows one negative recommendation followed by four positive recommendations. The original positive recommendations before Cramer turned bearish on Corning are not there.
Another famous example is China Medical Technologies (CMED). Cramer originally was very bearish on it, changed his mind once he found out GE and some other American companies were involved with it, and has most recently changed his mind again. Again, the website only gives a partial picture of this.
Although it can be strongly argued that Jim Cramer has changed his mind based on valid events or information, it is still alarming that only the last two months of shows are tracked. It can also be argued on the contrary by bringing up several more examples in which Cramer changed his mind. Why only two months? Is it only two months for technical reasons? Or perhaps www.thestreet.com (http://www.thestreet.com) doesn't want to offer enough information to make meaningful long term analyses of Cramer's recommendations?
Source: http://www.insidemadmoney.org