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Google Inc (GOOG) is consistently the most mentioned stock on Mad Money (currently with 143 mentions) and one of the most popular stocks among retail and institutional investors. Jim Cramer has been mostly positive on Google from its recent rise to nearly 560 from 300 not less than two years ago. By far, this has been one of Cramer's best recommendations.
Since Jim has been consistently positive on Google (GOOG), I'm listing here some of his more interesting calls, including many of his negative comments that seem to be uncanny in their timing. Does it ever pay to be bearish on Google stock?
1/25/2006: Take profits ahead of quarter
3/6/2006: Don't buy until old low. "Tough story"
3/13/2006: Yahoo (YHOO) downside more limited than GOOG
3/23/2006: Gets added to S&P after the close. "Goes up another 25"
3/29/2006: "Wait for a pullback to do a 'mon-back"
7/18/2006: "Everything high multiple is shrinking" referring to Panera Bread (PNRA), Starbucks (SBUX), Whole Foods Market (WFMI), and Google (GOOG)
7/25/2006: "I wouldn't give up"..."GOOG is good. I want to own GOOG"
8/8/2006: Recommends IAC/InterActiveCorp (IACI) over Google (GOOG)
9/12/2006: "Really cheap" - cites the calendar, autumn being historically strong for tech - Strong Buy
2/2/2007: "The only thing that matters is what the big mutual funds and hedge funds will pay for it"..."The big boys don't like decelerating revenue growth" - Sell
Lately, after the most recent quarter, Jim suggested getting into Google (GOOG) stock at 200, but just said it was done going down yesterday. He also has recently called it a "Cramer-favorite" and a stock he'd like to own for his charitable trust.
So can Google capture enough pay-per-click dough to get the stock back to its old highs and beyond?
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4 comments:
earlier this year, cramer called the bottom at 450... he then said it was going to 600. he was totally right about the bottom.
He says so many things about GOOG and the market in general that no matter what happens, he can point back to an article where he "mentioned" it.
I'd like to see anybody be able to trade with his crappy advice and turn a profit. He says so many things and so obscurely that if you cherry pick what he says, sure, he looks competent.
Show me somebody that made money trying to follow his "advice".
Well, there is no free lunch. If there were a sure fire indicator that could be guaranteed to make money, the next moment it would stop being that because too many people would start doing the same thing, and market makers would adjust to profit off of it.
That said, it is totally possible to follow Cramer to get ideas about different business sectors and companies that one can consider for investment, but you need to do your own homework.
And, I should add that I am by no means advising or suggesting that anyone should trade on the market, that it is generally profitable or even that it is possible to make money there. It is dangerous and should be licensed like driving.
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