Wanted: psychopaths to play the stock market

Times Online UK ^ | September 19, 2005 | Martin Waller

[chuckles]

Cramer is as good( or as bad) as anybody. He has several problems however that he needs to overcome. I frankly can't understand why anybody would let him invest their money. He is still recommending SHLD from $150. It goes down every day, but he hangs on. Sometimes you have to admit you were wrong and limit your losers. Lucent, whats up with that? If it won't move, shoot it. You can use the money elsewhere. He is right on several stocks, so I guess he is better than 50/50, but he doesn't believe in charts?Everybody else uses charts, so what's up with that? I don't trust anybody that doesn't use charts. You may like the fundies, but the chart tells the story. Just like SHLD, the chart has been broke down for weeks, and he's still recomending it. Wishing it will stop going down won't stop it. It will find support somewhere and then he can recomend it. Until then, he's in front of a large falling knife.

[WoofDog123]

by far cramers biggest issue is averaging down until the stock bottoms, the selling, a la CHTR NT etc. How many sheep have been buried in this strategy? Unlike cramer, these people cannot 'reset' their portfolio performance numbers when they are down huge and start over.

[chuckles]

To average down like that you need an endless supply of money.

[WoofDog123]

more to the point, an endless supply of OPM.