Cramer back peddles again.. IPOs

Discussion in 'Stock picks and trading strategies' started by txjeff, Apr 23, 2012.

  1. txjeff

    txjeff Member

    A month or so ago, all Cramer would tell the watchers of his show (the average Joe trader typically) was to "get into certain IPOs". And this was said repeatedly. Today, he finally admits that the odds of the average Joe of getting into a popular IPO is slim to none. And that's why average Joe try's to buy it after it comes out, and typically that is a bad plan.

    So, if these are a haunt of the deep pockets, then please, dude, quit hawking them! :roll:
     
  2. VielGeld

    VielGeld Member

    Haha, no point in recriminations, really. Cramer et al. only exist to hype the market, not to offer anything substantial.

    Note: I believe you can invest in an IPO if you have something like $200k net worth or so. Some sites allow you to invest in IPOs. Just make sure your DD is top-notch if you're going to do that...
     
  3. txjeff

    txjeff Member

    Ha! Ok. I'll back off the cue ball. :wink: At least he's still pretty funny.

    I don't think I'll be wasting any more time with those IPO thoughts.
     

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