Listen to Jim Cramer
“I tell you stocks before they can make you money, those other guys tell you stocks after they could have made you money.” Jim Cramer, host of CNBC’s Mad Money repeats this religiously. If you haven’t tuned into Mad Money or flipped past the crazy man yelling with excitement about energy companies and emerging tech stocks, you should. He’s on at 7:00 pm est and worth every minute. Prior to having Tivo I was never around at the right time to watch him. Now that I can record his show I have been tuning in more and more.
Jim Cramer is beyond crazy. His show has the sound effects that a 1940’s radio program would have but with some balding middle age man (Jim) running around, throwing little foam bears and bulls around, ripping their heads off and kissing pictures of himself. The crazyness doesn’t stop there. His newest theme song to promote going global with your portfolio is Ludacris’s Pimpin’ all over the World. Yeah, he’s big on appealing to a broad audience.
Aside from his crazy antics the biggest takeaway from Jim Cramer should be that he wants to tell you the stocks which will make you money, not the stocks that could have made you money. The way he does this is by researching, researching, researching. Take for instance yesterday’s first pick of the day. He opened by discussing the California Board of Energies vote coming up on whether or not to pass a $2 billion bill on Solar Energy Funding. He then raddled off 3 or 4 solar companies which he previously told his audience to buy then sell, making them money on all of them and “MAD MONEY” on one of them. He finally lands on his most recent solar play which he is recommending you get into ASAP. It turns out to be a tool automation company out of Canada called ATS Automation (ATA.CN). It’s traded on the Canadian stock exchange, so if you have access to their market, I would buy.
ATS Automation is an industrial automation design and manufacturing company that has a solar energy development department. Jim Cramer points out that the big players, both in the US and internationally, use ATS for their solar manufacturing automation needs. He also found out that they hired a prestigious banker type to unlock the value of a company who’s stock is currently at $14 a share.
You see, this is what Jim Cramer does on Mad Money. He has been around a while and knows what makes stock prices rise and what makes them flat line. He’s been there and now he wants to share this knowledge with everyone. Many of his stock picks are like the one above. He researches the players behind the obvious. He then weeds those out to find the ones that are trying to make their shareholders more money. Of course there are many researchers like this out there but you would have to pay thousands a year just to get their knowledge. Jim Cramer offers this to you for nothing and if you have Tivo, you don’t even have to pay attention to the commercials.
He started and I believe still runs TheStreet.com and has many books available (I suggest Jim Cramer’s Real Money
My plan over the next month is to use some of my savings to invest as Jim Cramer says to invest. I currently have a Sharebuilder portfolio which I add to regularly to build shares in different stocks. This is great for a more longer term look at investing. Jim Cramer on the other hand is all about getting in before the stock is big and then taking your profits. Once a stock has made you some money, get out and look for the next deal. My goal is to put together $1000 and go with a company like Scottrade or eTrade to buy and sell stocks along his suggestions. I will post here once I start and even post the value of the portfolio, good or bad.
If you haven’t seen the mad man speak, stop by and watch, if even for a minute. You’ll surely be entertained and you might learn something.
I leave you with a big Hawaii Boo-Yah. (Tune in to find out more about that)
Erik