Jim Cramer Says Bank on Downey Financial
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MrBanker2222 4 months ago
so you scrubbed the books jim
StockMarketFunding 1 year ago
Well done Jim... All bankrupt now... DSL - yesterday.
meshuggeneh5 3 years ago
On July 15th right at the July lows he told everybody to sell financials and homebuilders. Two weeks later, after one of the biggest short squeezes in history (some of the stocks appreciated over 100% in two weeks), Cramer said the financials and homebuilders were buys.
If it was up to me the man would be in prison
GSH1976 3 years ago
This Downey call is one of many disasters. Cramer loved Thornburg (TMA). He also loved Countrywide (CFC). I can't leave out Washington Mutual (WM). Four weeks ago his top pick on a Friday afternoon was Lehman Brothers when it was trading over $14/share. He stated it was obvious good things were going to happen for Lehman Brothers AND AIG based on the way the two were trading.
We all know what happened to those two.
GSH1976 3 years ago
mannfm11: It is amazing how wrong he has been. Back in 2000 he was telling everybody to buy technology shares while the NASDAQ plunged from 5,000 to 1,700. Then when the NASDAQ was 1,500 he claimed to have called the implosion.
The stocks that have gotten killed (and many bankrupt) are the same ones he was advising people to buy all along. In the beginning of 2007 his top sector pick for the year was financials -- the sector that had the WORST performance during the year. Pathetic.
GSH1976 3 years ago
Nice to have that $51 a share in capital isn't it? This guy has been wrong about every stock on the exchange. He has no clue and the people in stocks have no clue that the market floats on a debt bubble and there is no place to hide.
mannfm11 3 years ago
yeah, it's all about the spread, not the loan portfolio full of option arms. lol
genyav 3 years ago
WaMu, Wachovia, DSL, great names. DSL isn't bankrupt yet, and on Tuesday, July 15th 2008 it was so about $1.30 a share, and 3 days later, Friday closed at near 3 bucks a share. So Cramer was right, just off in the timing, DSL is a great buy with 130% profit in 3 day! Go DSL!
WebSurfinMurf 3 years ago
Every Cramer-file should be forced to watch this before every show. From the same guy that was pounding the table in 99&00, then disappeared for 3 years. Every bull market bubble floats the scum to the top. BKHM !! LOL
BurnOutXL 3 years ago