“Why is the Street diligently advancing Jobs’ health as a front running concern? It’s because [Jim] Cramer is working hard to set up an irrational variable he can manipulate to drive Apple’s stock up and down and profit from the fears of misled investors,” Daniel Eran Dilger writes for RoughlyDrafted.
“Cramer made no bones about his willingness (and that of his hedge fund colleagues) to manipulate news to foment the market. That’s illegal, but the SEC has shown no willingness to enforce the law, resulting in the American securities market being dominated in the media by Cramer’s ridiculous trash TV style hysterics and angry clown act,” Dilger writes.
“Something else to consider: has Cramer ever been right about Apple? He insisted that Apple would subsidize service for the iPhone to the tune of thousands of dollars per user. He was behind Scott Moritz’ story that Apple had failed to meet its secret plans to sell a million iPhones in the first two days, a physical impossibility that did not correlate with Apple’s inventory supply,” Dilger writes. “He encouraged investors to sell Apple stock before it reported Q3 earnings last summer, advice that would have been expensive for anyone who listened.”
Dilger writes, “Cramer and the Street are consistently wrong, not because they occasionally overstate facts or make minor errors, but because they knowingly state the opposite of the truth. It would be statistically impossible to be as consistently wrong as the Street is without purposely lying.”
Much, much more in the full article here.
MacDailyNews Note: Cramer’s most-recent video regarding Apple:
Direct link to video here.
[Thanks to MacDailyNews Reader “JMS in TX” for the heads up.]
Yea, he’s a piece of goods alright. A Holocaust denier of the first water.
@Dilger, Stupid as Usual
Apple does not thrive on Stock Price. They thrive on new products. Enron tried thriving on stock prices. It worked GREAT… until someone noticed they didn’t actually do anything.
Full disclosure, Cramer….where do you have your money?
“only listen to one analyst when it is regarding AAPL stock. Gene Munster of Piper Jaffray.”
Piper Jaffrey make a market in Apple. Listening to one of their analysts about Apple would be foolish at best.
“Spoken like a true MS paid fanboy/troll. “
if Microsoft didn’t exist Dilger would still be an idiot.
Was there anything in the original post about Microsoft?
What does Microsoft have to do with Dilger’s stupidity?
“Dillger creates THE very best researched articles to be found anywhere.”
That’s so funny. Dilger makes up facts and reinterprets them. Maybe you like what he writes because you agree with it, but it could hardly be called well researched, balanced, objective or correct.
@ NCIceman Cramer makes no secret about the stocks his trust owns, and i stress again, it’s all for CHARITY.He stands to make zero dollars personally either way. People always bitch that Cramer manipulates stocks for his own personal gain, but have no idea what they are talking about.
“Apple does not thrive on Stock Price.”
No, but investors do.
But in any case love Cramer or hate him, he’s right. Steve’s departure/death will cause Apple to take a big hit.
Also it will very likely be the beginning of a downward spiral for Apple. And that’s what investors will be reacting to, a dramatic change in Apple’s future business.
@ Randian
Doh!
Actually, I guess its “Sturm und Drang”. I feel more literate already.
Put a fork in this old news already. He’s been dying for 50 some odd years now and so are all of you. This fat obese overweight country is scared of anyone who is not 100 pounds overweight. Read back over the last two years. The words thin and gaunt were being used then as well. Newsflash he’s still here fatties.
Dilger is actually a pretty good read.
Regarding AAPL. Never trust any analyst. Cramer was fine in the bull market, but then again, you didnt need much of a brain to make money in the bull market (2003-2005)
AAPL will continue to perform well. Timing and momentum is key. If you just plain own the stock you should be ok. but if you are actively trading it or doing options you better be disciplined. i have made and lost thousands on this stock
that being said. with the lessons learned. AAPL will be nice to own… at a future date
cramer would blow smoke up his dead grandma’s nose if he thought it would advance his situation, or get him even more publicity than he already gets for being a chicken little type shill for short selling profiteers, it would be interesting if an non corrupt SEC checked out his contacts to six degrees of separation and found out how much he rakes in with his ranting
Why don’t we flood his Email, MadMoney@cnbc.com, with how we feel about this loser taking advantage of someone health to make a buck, what a –cking piece of –it!!
I wouldn’t worry about Jim Cramer. the guy is an ass-clown. if you believe he can manipulate the market then listen closely and follow all his instructions. I personally do very well never listening to Jim Cramer—it’d be like taking financial advice from Don Cherry.
Listen guys/gals, calm down. All you need to do is know how to read Cramer when it comes to Apple:
JimCramer : Sell Apple before earnings:
Facts: Hold and wait for lemmings to do above then watch ride back up.
JimCramer: Hold Apple.
Facts: Probably a good time to sell and take profits.
JimCramer: Buy Apple.
Facts: Too freaking late. The train already left. If you buy now, you will make only a modest gain, if any. But mostly a down side play.
JimCramer: No, I wouldn’t buy Apple here. I’d wait a little and schnizel a little here and there. Too risky in this environment.
Facts: BUY THE HELL OUT OF APPLE. Especially if it’s in the 3rd Quarter. You’ll set yourself up nicely for December and January. Essentially, he’s been wrong almost every time he’s said this very line.. The wait is usually 2 weeks.
JimCramer: BUY, BUY, BUY.
Facts: Probably only good for 2-3 points when the lemmings jump in, but a sure fire way to lose your money in the short term.
JimCramer: Sell, Sell, Sell.
Facts: Stand out of the way. Usually drops 10-15 points, but almost always a major buying opportunity as Cramerica leaves the building.
Hope this helps. I’ve been following this fool for over 10 years now and the most interesting video ever (if you can find it on The Street.com) is the one from last Christmas, when he talked about talking down Apple to get it cheaper. I’m very surprised that the SEC sat by and did/said nothing about it. It was so bloody blatant. I try to follow the rules above and have made out like a bandit. Personally, I still believe that there is a Hedge Fund out there that has Jim Cramer associated with it. Be careful out there.
Rick.
“Hope this helps. I’ve been following this fool for over 10 years now”
Perhaps you could start a company which tells you how a stock is going to perform yesterday.
I’m sure a lot of MDN readers would pay for that information.
If you like that idea I have a lot of expired lottery tickets, only one less chance in a million of winning…
> “Perhaps you could start a company which tells you how a stock is going to perform yesterday.”
Yes, and perhaps I could make you the CEO.
“Yes, and perhaps I could make you the CEO.”
Sure, I only need $1/yr in salary, but you’ll need to thrown in a few billion dollars a year in backdated stock options.
The Great Dilger has spoken. He who sees all, hears all, feels all, and knows all blesses us with his gawd-like insight. What an ass.
Actually, GE’s perfomance over the last few months is down (along with most of the market). Great for new investors, but not current stock holders. Closed yesterday @ 28.21, and is down from a 52 wk high of 42.15.
Steve is the … thin king, but I digress.
–
How funny are all the D.E. Dilger bashers above, funny … albeit sad and pathetic.
Like “Dilger, Stupid as Usual” amongst others, who is just blind to the evidence put before them, is typical of the innumerable Microsoft droids unable to think freely and lucidly for themselves.
Their monotonous and prejudice criticisms that stem from the same old cr’hacked program, no original perspectives, just the same old dogma.
Their risible and dismal prevarication in regard to an increasingly informed community, a community that is engaging with Apple and its innovative, secure and reliable products.
Their sad and patently fanatical denial of the continual and exponential trend in Mac sales, they epitomize denial, knowingly dismissing the transmutation within the home, personal and SoHo computer mass-market.
Increasingly, informed purchasers are choosing not to buy into the ongoing Microsoft misery that would saddle them with a backward, decrepit and antediluvian home computer system.
It’s a fact, contemporary statistics prove it.
–
The tide is indubitably turning … and the Microsoft drones are getting dumped in the surf.
MDN MW – “thinking”:
“Thinking”? You’re “thinking”? Nothing you have written gives me any confidence that you know the meaning of the word.
Dilger publishes his gibberish of hyperbole, biases, assumptions, half-truths, misinterpretations, and misrepresentations; and fanbois like you consider his drivel the gospel truth.
YOU blindly lump all of Dilger’s detractors as “Microsoft drones” and “Microsoft droids”. YOU fail to consider that honest Apple fans are embarrassed by Dilger’s idiotic ramblings. Well, Dilger’s moronic propaganda must be working well for YOU. It is evident that <b<YOU/b> have fallen for it hook, line, and sinker.
“typical of the innumerable Microsoft droids unable to think freely and lucidly for themselves.”
I’ll repeat it for you again. Dilger’s stupidity has nothing to do with Microsoft.
“continual and exponential trend in Mac sales,”
There is no exponential trend. Apple’s growth is slightly less than linear at best. learn what a word means and examine the actual numbers before making fanciful claims.