LogFAQs > #961469888

Saw an interesting study at WSB regarding following Jim Cramer's picks. Apparently, over the last 5 years, daytrading Cramer's buy recommendations (buying at open the day after the show airs and selling at close the same day) outperformed the S&P 500 by an astonishing 1102%. Holding for longer periods underperformed the S&P 500 suggesting that the short-term advantage comes from Cramer's viewers piling into the recommended stocks and not because they are actually better stocks than the market average to hold.

This is surprising because I would have expected the jump to have already happened by market open. But apparently a lot of people watch Cramer and buy at some point during the next day other than market open.