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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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Asshat of the Week Award: James Cramer

 

Monday, February 26, 2007

Hey, someone has to get this fucking award, why not Cramer? Last thing I need is for these asshat awards to start stacking up in my basement. I need to get these fuckers out the door.

Anyway, with the big dick-swingers from KKR eating TXU whole, someone is sure to look incredibly stupid. Yes, ladies and gentlemen, that man happens to be the Mad Money guru himself– Jim Cramer.

Let’s rehash:

On November 16, 2006, Jim’s “Mad Money” opinion of TXU was bearish.

Cramer was bearish on Hewitt Associates (HEW), Men’s Wearhouse (MW), TXU (TXU), Pacific Sunwear (PSUN), Amazon (AMZN), Abercrombie & Fitch (ANF), Genesis Microchip (GNSS) and Target (TGT).

On November 9th, 2006, Jim’s “Mad Money” opinion of TXU was bearish.

Cramer was bearish on Crystallex (KRY), SanDisk (SNDK), InterContinental Exchange (ICE), TXU (TXU), Frontier Oil (FTO), Ahold (AHO), Senomyx (SNMX), DSW (DSW), Kinross Gold (KGC).

However, just a day earlier, on November 8th, 2006, Jimmy was bullish on TXU. Such “flip-floppery” is unacceptable, and frankly– very “asshatish.”

Cramer was bullish on UAL (UAUA), Level 3 Communications (LVLT), Halliburton (HAL), Genentech (DNA), Amgen (AMGN), Celgene (CELG), Quest Software (QSFT), Transocean (RIG), Bema Gold (BGO), Yamana Gold (AUY), TXU (TXU).

NOTE: TXU‘s earnings came out on Nov 7th. Therefore, if he wanted to go bearish, Nov. 8th was the day to do it– not 9th. While it’s true, such small details escape those with “goat-brains”– it doesn’t vamoose “The Fly.”

Hence, the early Asshat of the week award goes to Jim Cramer.

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