Real Time Market Diary   DJ30  10,318.16  -14.28  -0.13%   NASDAQ  2,146.04  -10.78  -0.49%   S&P 500  1,091.38  -3.52  -0.32%   US markets closed  
 
Member Picks Watch List Trade at E*TRADE
 
 
  Symbol Search   

 Discuss    Join for Free     Login    Logout   Customize   Help 
Place Holder
Return to
Front Door


Topic: (Market Capitalization)       Keep it germane! Off-topic posts go here.
<<Previous  Next>>   Reply!  Say Something!  Most Recent   Message 39 of 39    PostMark!      Ignore!     List All  

From: shariyud Mar 1 2009 1:48AM
Title: Cramer Poor Advice as per PBT stock .

Cramer Poor Advice as per PBT stock .

Cramer is really bad . Pbt is a restricted trust . It was called into Cramer
after he recommended it that it had a little over of 3 years of reserves .

Cramer recommended it the day before . He drove the stock up over 1 dollar
by his recommendation . Then he reads the comment as noted above .

Cramers ans was well they will drill for more oil.

In addition to this the prior day when he recommended pbt he told
all on air listeners that this stock was preferrd over Canadian Trusts - due
to taxes .

THE PROBLEM HERE IS THAT THE CANADIAN TRUSTS FOR YEARS INCREASED THEIR
RESERVES BY BUY OUTS OF OTHER COMPANIES . WELL CRAMER , THIS IS HOW
RESERVES WERE INCREASED , NOT DRILLING NEW WELLS . THE POINT IS
THE RESERVES OF A PROPERTY ARE THE KNOWN ASSETS OF THE OIL COMPANY .
THEY ARE MEASURED BY SPECIALISTS AS KNOWN ASSETS . THE POINT TOO
IS THAT YOU DO NOT GET MORE OIL BY DRILLING FOR MORE OIL TO INCREASE
RESERVES - WHAT THIS DOES IS DECREASE THE EXISTING RESERVES PER THE PROPERTY
INVOLVED . THIS BASICLY SHOWS CRAMER IS REALLY OFF .

IN THIS MARKET - CRAMER IS DANGEROUS . PERSONALLY THOUGH I FIND HIM
VERY ENTERTAINING . AS TO HIS OTHER IDEAS LIKE ISSUING NOTES BLA BLA ,
BOTH HE AND THE US GOVERNMENT PER THEIR PREFERRED STOCK IS NOW
ACTUALLY POWER GRABS OF COMMON STOCKS . CRAMER WHO WAS IN THE INVESTMENT
BUSINESS AS WELL AS ANY INVESTMENT BANKER KNOWS THAT WITH COMPANIES IN
TROUBLE YOU GET THE COMMON SHARE OWNERS TO TURN OVER A HIGHER PRIORITY
BOND OR NOTE THAN EXIST WITH THE COMPANY - A COMMON PRACTICE BY
GOLDMAN SAKS AND JPM . AS THE AM PUBLIC DOESN'T KNOW THIS CM INVESTMENT
BANKER AND THE US FED RESERVE DOES AS WELL AS CRAMER THIS IS PULLING
THE WOOL OVER THE EYES OF THE AM PUBLIC . THE ASSUMPTION IS THAT
YOU WILL NOT DO ANYTHING ABOUT WHAT YOU DON'T UNDERSTAND . THIS IS
WHY MOST COMPLICATED COURT CASES GET SETTLED, AND WHY LAWYERS BECOME POLITICANS.




<<Previous  Next>>   Reply!  Say Something!  Most Recent   Message 39 of 39    PostMark!      Ignore!     List All  
Messages By Member:   
Discussion for :   

 
Question? Get it answered! Comments? Talk to us! Copyright © 1998-2009 ClearStation. All rights reserved. Trademark Notice
Quotes delayed at least 20 minutes unless otherwise noted. ClearStation is a wholly-owned subsidiary of E*TRADE FINANCIAL Corp.

About Us  |   Help  |  Feedback  |  Member Agreement  |  Privacy Statement  |  Join  |  FAQ