3 Responses to Jim Cramer’s Epic Facebook Fail $FB
Cramer is the pump-and-dumper specialist paid by CNBC to get the fish into the water for the sharks to eat.
I think this video is unfair to Cramer. In that episode of MM, he stressed that, despite his bullish outlook on $FB, people refrain from buying $FB on the day of IPO. He told people to wait a few days. Now that the stock has pulled back, people have a much better entry into the stock. Seems like solid advice to me.
BUT he did say “get into the deal if you can.” So your comment is also not totally being “fair.”
He said over the course of many episodes in the leadup to the IPO that people should do everything they can to get IPO shares, but warned sternly NOT to get any post market. He felt it was going to pop in a huge way on day one and people should not chase it, just wait for it to come down, then buy. And if they could get any IPO shares, try to get them. So he did get burned like everyone else.
But one thing the idiot in the video gets wrong is that Cramer screaming “No No No” was about comparing Facebook to DOTCOM bubble stocks. Then afterwards, he equates them with Other Social Media stocks. The ‘young turk’ idiot thought that cramer was talking social media stocks in both clips.