by givemeyourpants
www.reuters.com/article/cramer-interview-idUKN2036292620070320
Direct link to Interview Video since the old in-article links aren’t working
“What’s important when you’re in that hedge fund mode, is to not do anything remotely truthful. Because the truth is so against your view, that it’s important to create a new view, to create a fiction.”
“Then you call the (Wall Street) Journal and get the bozo reporter in Research in Motion and you would feed that (rival) Palm’s got a killer it’s going to give away. These are all the things you must do on a day like today, and if you’re not doing it, maybe you shouldn’t be in the game.”
“It might cost me $15 million or $20 million to knock RIM down but it would be fabulous because it would beleaguer all the moron longs who are also keying on Research in Motion.”
“A lot of times when I was short at my hedge fund … meaning I needed (a stock) down, I would create a level of activity beforehand that could drive the futures. It’s a fun game and it’s a lucrative game.”
“Who cares about the fundamentals? The great thing about the market is that it has nothing to do with the actual stocks.”
– Jim Cramer, hedge fund manager from 1987-2001, Dec 2006
Dealbook NY Times Article on Cramer’s Interview
Investopedia Article: Short and Distort Bear Market Stock Manipulation)