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300 to 110 is the decline in Netflix, but in July Cramer rationalized it all:
Tags: cramer, fundamentals, holy grails, jim cramer, netflix, psychology, video
Michael Covel is president of Trend Following™, a privately owned research firm with clients in more than 70 countries. He is the four-time bestselling author of The Little Book of Trading, Trend Commandments, The Complete TurtleTrader, and the classic Trend Following. His books have been translated into 10+ languages and Trend Following was named best trading book of the last 15 years. His first film, a documentary, is Broke: The New American Dream. Extended Biography.
September 29th, 2011 at 1:18 pm
M: The only thing I like about you is our mutual disdain for Cramer – I always find it amusing that your books are often near, or even next to his, in the bookstore
September 29th, 2011 at 1:39 pm
he is so painful to watch. down 60%+ since, he must love it now. what is really funny is that he literally top ticked the stock on this broadcast.
September 29th, 2011 at 2:17 pm
I realize Cramer has to provide entertainment each day (for hours) but some of his statements and stock picks remind of that guy trying to find the fastest lane at the toll booth.
As someone in the business for over 25 years, your books summarize the way real money is made in the market.
September 29th, 2011 at 3:06 pm
Haven’t followed Cramer on NFLX (as far i know, he was bullish the entire way down) but when this video was done (July 13th) wasn’t the trend still up?
September 30th, 2011 at 5:00 am
yea bill, it was def up in my model and good point. i just found it hilarious that he as a purported fundamentalist, happened to choose the literal top in the stock to pontificate on the stock. over the years, i have found that some people somehow channel the mass psychology in stocks, to the point where by their capitulations either buying or selling, they so often mark tops or bottoms.