You may have seen the cover story to this weeks Barron’s entitled "Shorting Cramer" which theorizes the relative lack of success you would have had in following Cramer in his picks on Mad Money. As the article summarises:
"Our analysis of Cramer’s picks over the
past two years, from YourMoneyWatch.com, showed that, on average, the
stocks jumped 2% the day after he mentioned them. From there, they
usually moved sideways or down for the following 30 trading days (see
chart). This offered an opportunity to make money — 5% to 30% a year
— by selling Cramer’s selections short."
So Jim, we at Covestor would like to invite you to come and share your personal portfolio and to prove the critics wrong. Setting up a Covestor account and sharing your real activity won’t leave any doubt open about whether or not you are beating the S&P. I know other Covestor members would love to see how they are doing alongside you, so drop us an email and let’s show everyone that you are still the man. Booyah!!
