Mad Cramer

Life has been hectic recently but Jim Cramer has motivated me to break my radio silence.

I just can't believe how dangerous this guy is to people's portfolios.

Back in January Jim was recommending to viewers that they buy eBay under $45. This was in the seemingly distant days when eBay was trading around $46.

Then eBay started its long and painful fall.

Now it seems like it could finally have bottomed out at $23. Good time to buy then? Not according to Cramer. "Sell eBay" he says, "Skype was the worst acquisition." "Skype will generate no profit and cost too much."

This is the only reason he gives. However back in January eBay had already bought Skype and since then it has met its revenue targets. And you would think an eBay that was value at $45 would be value at $25 even if it had wasted $2.6 billion?

If Jim had mentioned slowing organic revenue growth then he would have had a point but Skype?

It seems that Jim is as affected by market sentiment and recent share price moves as anyone else. It was easy to recommend eBay when it was holding its own at $46 but harder to recommend after such a long fall.

My advice is to ignore Jim and listen to Morningstar. They recommend eBay list it as a five start stock.

If only Jim was a five star stock picker.