TRADING ONLINE

CNBC's raging bull
An article about Jim Cramer's Mad Money (thanks to for the link).CNBC's raging bullcalendarlive.comBy Matea Gold, Times Staff WriterAugust 29, 2005
ENGLEWOOD CLIFFS, N.J. — Stumble across Jim Cramer's show on CNBC and you may think you've come upon a music video featuring a balding, manic businessman.It's "Mad Money With Jim Cramer," the former hedge fund manager's high-octane hourlong take on the world of stocks.His fans track his advice with cult-like devotion, jumping to place orders for stocks as soon as he mentions them. Professional day traders have taken notice as well.The result is a Wall Street phenomenon now known as the "Cramer effect:" The day after a stock gets a mention on "Mad Money," its price shoots up, at least temporarily, and its trading volume soars."It's amazing," said Damon Southward, manager of trader content on Briefing.com, an investor news service that began reporting Cramer's picks to subscribers a few months ago. "You see stocks that literally trade several times their average volume in reaction to Cramer."

"Hurricane Monday" gave traders their most volatile session since the London bombing in early July. Going into the morning, I started a diary to illustrate how I measured the risks and opportunities triggered by the event. This exercise will show you my thought processes when a quiet Monday gets turned upside down by bad news.7:14 a.m. EDT: I'm at my trading screen. Katrina is down in size overnight. My weather graphics show the eye headed straight toward New Orleans. Crude oil opened Sunday near $71 and dropped off to $70 immediately, It's now hovering about 50 cents below this "round number" as traders gauge the storm's impact to the supply chain....9:44 a.m. EDT: Halliburton (HAL:NYSE - commentary - research - Cramer's Take) is showing the biggest jump (up almost 4%) of all the energy stocks I'm watching. That's makes sense. Globex futures are trying to fill the opening gap. This isn't the right time for a big reversal, so I'm looking for renewed selling pressure once the market shakes out the short-sellers.