Obviously he’s 50x richer than me, his picks underperform while I dominate indexes, he’s got 1,000x more exposure (after all, he works for a popular TV channel truly ignorant regarding penny stocks and proud to pass on such ignorance to their unsuspecting viewers) and with 10x as much hedge fund experience, while I’m younger and better looking (not bald), but many people compare us because of our similar passion for the stock market and our ability to inspire others to share such a passion
But we are VERY different in terms of what matters to subscribers of my 4 newsletters and subscribers of his once-decent-but-now-a-friggin-joke-AAP.
A perfect example:
When I made yesterday’s video watchlist for PennyStocking Silver subscribers choosing the rather controversial yet ultimately DEAD ON position of calling Tesla Motors Inc (TSLA) a potential buy if it started breaking out past its $25ish prior day highs:
…I knew that Jim Cramer had already tweeted “$TSLA should be sold at the opening if you haven’t sold it yet….”
Now given that TSLA finished around $24 yesterday after opening in the $25s, you’re probly thinking that wasn’t such a bad call.
But he and his followers missed out on the FULLY PREDICTABLE morning spike to $30 and the late morning spike past $30 which I FULLY PREDICTED in that video above.
It comes down to knowing and predicting price action–Jimmy boy is so busy with all his businesses and “celebrity” that he doesn’t have time to watch the price action like I do…watching price action is a huuuuuuge timesuck, but by doing it day in day out, instead of wasting time getting done up in make up or doing guest spots on non-financial media outlets, I am able to better predict future price action while he simply cannot, forced to rely on the ghost-writing, research and talent of others (most of whom in finance are junk, as evidenced by JC’s performance).
So if our newsletters are priced roughly the same, guess whose subscribers perform better and learn more.
I believe the reviews of Jim Cramer’s Action Alerts Plus and the reviews of TIMalerts to be quite telling.
Posted in CNBC, Financial Media Circus, Jim Cramer, Videos
