The Sad State Of Stock Market Credibility/Education: TheStreet.com, Inc. (TSCM) Reports Loss & Names Cramer As Chairman

Posted by Timothy Sykes on Sun 2nd of Nov, 2008 09:59:54 AM

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TheStreet.com just reported earnings and they sucked….no wonder why their stock chart looks like this:

Oh yeah and in the same PR they appoint JC, Mr. “down 30%+ on the year like all the rest of the industry schmucks” as chairman.

Guys, c’mon, haven’t you learned yet that your unending stream of opinionated articles about every actively traded stock under the sun, especially shit like AAPL, SIRI and GOOG ain’t getting the job done? Sure, you might be getting a ton of hits/traffic, but you’re only collecting a small bit of the high margin revenue that stems from useful as opposed to ubiquitous information.

Do you not understand the vast majority of people need to be taught not to invest in a company based on simplistic PE valuation/product/service evaluation. Those who follow such nethanderthalic reasoning get crushed in markets such as these.

And, why do you not show all your columnists’ track records? I’ll tell you why–and I say this without the slightest bit of research just probability and industry know-how, all your columnists’ track records suck! I speak from experience when I say how many premium subscribers stem from being atop the leaderboard of a transparent platform like Covestor.

And for the love of god, don’t even get me started on your spamming and absurd premium newsletter offers like this:

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Related Reading

Why It’s Funny To Me When People Lose Money In The Stock Market aka Understanding Risk Reward November 7, 2008
Wow, No Matter Where I Look On The Financial Web, I See Pure Crap May 12, 2009
Douglas McIntyre & Some Other Idiot Help Me Prove What Financial Blogging Is All About January 30, 2009

JeePee

It never seizes to amaze me how people still fall for this...
This is on the same level as the Nigerian e-mail scams.
John Cramer..."I'm having a great year too..." haha I bet he is, what an idiot.

Timothy Sykes

haha disciplined investor just told me they spelled baseball wrong in the title, funny stuff

betheball

Last I checked Tim, RevSharks ETF newsletter was the only one on the site in the green for the year.

Lenny doesn't count cause he books his winners immediately but lets his losers stay on the books for months, hoping they will turn around

Hiring You

You made some good points there. I did a search on the topic and found most people will agree with your points.

The Job Vault

I should have discovered this great discussion long time ago. Many thanks!

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Date	Stock	Buy	Sell	Net
Nov 6	QXM	$4.31	$4.80	$1936
Nov 4	COT	$8.66	$8.88	$642
Nov 4	QXM	$4.61	$4.89	$822
Oct 30	DDRX	$25.70	$26.53	$812
Oct 29	CTDC	$4.00	$4.42	$781
Oct 26	AWSL	$3.24	$4.10	$2516
Oct 23	RODM	$5.27	$5.23	$301
Oct 22	AMLM	$2.69	$2.97	$820
Oct 22	USEG	$6.12	$6.09	$85
Oct 20	CBOU	$8.93	$9.06	$243
Oct 16	VRMLQ	$16.79	$18.65	$2773
Oct 13	YONG	$11.05	$11.66	$1202
Oct 13	NPHC	$0.59	$0.71	$583
Oct 12	IMGG	$0.60	$0.70	$682
Oct 9	ZAGG	$5.50	$6.10	$2380
Oct 7	GVBP	$0.03	$0.27	$702
Oct 1	NPHC	$0.70	$0.85	$1482

Total: $92,304 (644%)