Confessions of a Street Addict by Jim Cramer

[ApexAZ]

Fantastic book. Absolutely fantastic.

This book isn't really written to teach you how to trade stock. However, it provides a TON of insight about how the institutions are run which in turn provides insight on when to watch for these institutions moves.

I highly recommend it. I never thought reading a book about a hedge fund manager and how insane his life was would be so great. In fact, I was on amazon looking to purchase his other book "Real Money" and happened to click on the link to this book and accidentally bought it. Before I realized my mistake, it had already been shipped so I decided to read it. So glad I did.

[AlexG]

I also reccommend it for the same reasons

great read, just dont expect to much stock analysis

[hitone395]

I also read his book and highly recommend it. In some parts I felt my heart racing and sweating right along with him! Wonderful, wonderful book.

[GRock]

Originally Posted by ApexAZ

Fantastic book. Absolutely fantastic.

This book isn't really written to teach you how to trade stock. However, it provides a TON of insight about how the institutions are run which in turn provides insight on when to watch for these institutions moves.

I highly recommend it. I never thought reading a book about a hedge fund manager and how insane his life was would be so great. In fact, I was on amazon looking to purchase his other book "Real Money" and happened to click on the link to this book and accidentally bought it. Before I realized my mistake, it had already been shipped so I decided to read it. So glad I did.

I agree 100%. Phil talks about institutional money moving stocks but Confessions gives you the real process. Stocks follow simply the laws of supply and demand. When more big boys want the stocks than don't want it, the price goes up. When more big institution investors don't want the stock, it goes down. PERIOD. When alot of the biggie's really really want the stock it goes up fast and vice versa. That's it! All we have to do is understand this. Reading the fundies over the past 10 years is great but does not matter unless the biggie's read them the same way or how they move the stock for what ever reason (the fed, sector rotation, option backdating, one bad quarter, overpromised under dilivered (Cramer speak) someone else in like business having trouble, inflation, stagflation rumors we never hear of (something said by CEO on the golf course).
A must read and fun too.

GRock :laugh1b: