I agree with this opinion whole heartedly. I have read Cramer's books and I subscribe to his Actions Alert, and he is not cool when it comes to Penny Stocks - and if you saw him on that video from youtube, he mentions he likes to drive a stock's price down "just for fun." He admits to quite a bit, and says things like, "I'm not going to admit to that on TV, but I will admit to it here."
Here is a nice quote from the interview: You drive the price down "because it will beleaguer all the MORON longs who also key on research and motion."
In other words, the people who are in ZVTK and are afraid of a crash...and then "panic sell" because the stock has been driven DOWN, instead of UP on today's news.
Moron longs --- that would be ME!!!!! And possibly you, if you are reading this.
A bunch of investors asking him to pump a stock might just spur him on to the idea of teaching that same bunch of investors about "greed," and he might let the wrath of his public influence come down on ZVTK.....
"just for fun!"
He ain't cool.
Reposting that video, for anyone interested. It is also a good lesson on how market manipulators can raise or drop a stock price, just because "they can." In this vid, he clearly admits to it very casually.
Listen how he says that it is easy to damage APPL by spreading the rumor that Verizon and AT&T don't like their phone - drive the price down, and then BUY BUY BUY.
That is what happened with ZVTK today. It wasn't Jim Cramer who did it - it was a shark though.
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