Jim Cramer Says

jmmazzy · Post by **jmmazzy** » Fri. Nov. 14, 2008 4:08 pm

I couldn't believe my ears. Jim Cramer from the FFN recomended today not to invest in coal and that it was a very bad idea to even think of it. Well it might be good for him and the market but coal is a good investment for me and i'm sticking to it.

rockwood · Post by **rockwood** » Fri. Nov. 14, 2008 4:45 pm

Probably because of Obamas comment about bankrupting coal fired generating plants with CO2 fines.

Again, coal takes onother hit. Without coal we would still be in the dark ages.

dvangilder · Post by **dvangilder** » Fri. Nov. 14, 2008 4:48 pm

well, it kind of makes sense not to invest in industries that the president wants to bankrupt. Because it might cause deflation of the industry's stock prices.

http://hotair.com/archives/2008/11/02/obama-well- ... al-plants/

dvangilder · Post by **dvangilder** » Fri. Nov. 14, 2008 4:54 pm

Not saying it won't work for you on a personal level. My brunco is supposed to be finished tomorrow.

djackman · Post by **djackman** » Fri. Nov. 14, 2008 5:03 pm

Kramer's playing on the mass histeria over this subject. Then he can buy up stocks for his "charity" that decline on the basis of his words, tidy profit when they go back up.

Remember brokers saying to to buy oil futures at $150/bbl "because it'll hit $200/bbl"?

mrboyd · Post by **mrboyd** » Fri. Nov. 14, 2008 5:57 pm

You have to take a grain of salt with what he says. He is 50/50 on what he says on his show in the first place.
At the end of the week they show what he picks. Also he was whining about a bailout and look how that has changed over the past couple days.

He is just creating speculation and hype for his buddies.

BOB

jmmazzy · Post by **jmmazzy** » Fri. Nov. 14, 2008 8:52 pm

You guys couldn't have said it any better. Looks like the courts have kind of took some pressure off of Obama for the time being and handed it down to the EPA. But I kind of wonder if our outing Pres. and his (behind the science VP) had a hand in this. After all remember back when Cherney's energy meeting with big oil was keep in big secret. Gee is Cramer taking over for GB behind the scenes? Watch this, no coal butttt
**Broken Link(s) Removed**I kind of like to know what the differance in co2 emissions are there in lets say a 500 mw oil or a 500mw coal plant is.

coalmeister · Post by **coalmeister** » Fri. Nov. 14, 2008 8:59 pm

I predict they don't bother us little guys, we would make to much noise for the bother

jmmazzy · Post by **jmmazzy** » Fri. Nov. 14, 2008 9:23 pm

Your predication is probability right and I agree with you, but we have tree huggers that have made a lot of logheads in this country and don't think it can't happen to you in some way or another, like an emissions tax. Kind of the one you put on tobacco (taxes) to make you stop smoking, and that seems to be working.

vtec350 · Post by **vtec350** » Fri. Nov. 14, 2008 9:43 pm

Sorry but Jim Cramer is an idiot

This is the same guy who told everyone to sell their stock and cash out their IRA's a few weeks ago. You never sell when the markets low and you bought high

If I was going to take anyones advise from TV, I'd watch Neil Cavuto on Sat. mornings Fox Business Report

SAU · Post by **SAU** » Fri. Nov. 14, 2008 10:09 pm

I'd be hard pressed to buy coal companies right now but Crammer only hits about 50% and the idiot said to buy Bear Sterns the week before they imploded. Never ever take financial advice from the pump n dump talking head. DYODD

traderfjp · Post by **traderfjp** » Sat. Nov. 15, 2008 1:38 am

A paper loss is still a loss. If u sell now and the market goes down another 20% you're doing ok. The problem is timing. When do you get back in to recoup loses. Sometimes it pays to take a loss and buy another stock that is working. It all depends. Cramer is a Harvard graduate and not a dummy but I can't stand the guy and his cheesy show.

dvangilder · Post by **dvangilder** » Sat. Nov. 15, 2008 9:05 am

Buoy yah! Buy anthracite by the ton and not the stock.

traderfjp · Post by **traderfjp** » Sat. Nov. 15, 2008 9:38 am

SOme of the bear funds are up over 100%. The smart money are making money while Joe investor is getting hammered.

stockingfull · Post by **stockingfull** » Sat. Nov. 15, 2008 9:54 am

1. Cramer went to my high school (long after me), Springfield Twp HS in Montgomery County (PA). It's fun to tell people that he, Chris Matthews and I all grew up within about 5 miles of one another. And it may raise questions about the water there.

2. On the substance of this, it's probably a benefit to us little guys if coal becomes less fashionable as a fuel for electric power generation. Less competition for the fuel should mean lower prices -- not lower in absolute terms, but lower than they otherwise would be.