Nvidia torna-se a primeira "four trillion dollar baby"

[Ulisses Pereira]

Muito bem, Cramer, indo buscar factos concretos para apontar o dedo à forma como se fazem os "upgrades" e "downgrades" de que ele é sempre tão crítico.

"Intel Downgrade's Just Another Bad Call"

By James J. Cramer
RealMoney Columnist
3/1/2004 10:38 AM EST

"Before you think about selling your Intel (INTC:Nasdaq - commentary - research) because you think the J.P. Morgan analyst who downgraded it is the ax in the name, consider his record first. This guy's no ax; he's more like a disposable razor! His calls look good only if you turn the chart upside down.

The dates and prices say it more eloquently than I can. On Dec. 13, 2003, before Intel began its historic run from the teens, Christopher Danley rated the stock an underweight, or a sell, in busted Wall Street gibberish.


He took the stock to a hold on Sept. 25, 2003, when it was at $27. On Nov. 7, 2003, with the stock at $33.80 after the preannouncements to the upside, Danley took the stock to an overweight. That's when he recommended it. I kid you not -- I can't make up this stuff.

Now, when the stock is at $29, he downgrades it.

This is value-subtracted, writ large. If this were major league baseball, this guy would be sent to the minors so fast his head would be spinning.

Instead, they probably will give him a raise.

There was a time when we couldn't piece together records like this and you would have had no idea how bad his calls have been. There also was a time when people wouldn't write so openly about a bad record. Call it diplomacy -- or ad-chasing.

These days, though, you get everything pretty unvarnished.

This guy should be riding an unvarnished bench somewhere. Sobering how bad professionals in our business can be, isn't it? "

(in www.realmoney.com)