Lenny Dykstra, successful stock picker. Which brings to mind the old Wall Street Journal contest where the investment pros would match wits with stocks picked by throwing darts at the Journal’s stock tables. The darts held their ground pretty well.
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He also does guest appearances on Cramer’s radio show. I screwed up and listened to him when he was hawking SYMC which is only now beginning to rebound.
Wow, yeah, I never would have guessed that Dykstra would turn out to be a successful stock picker/businessman. I’ve got to give him credit, though. At least he made a concerted effort to have a good life after baseball.
I’ll say this: to the degree that personal investing is a serious competition between the individual and “The Market,” I’m anything but surprised to see Nails kicking much butt. One of the most hyper-competitive guys I’ve ever seen. Just a stud when the cash was on the table.
If Mitch Williams does anything resembling his job, we talk today about Dykstra in the same hushed tones we talk about Reggie, Gibson & Mantle, when it comes to awesome post-season performance.
I’ll admit I haven’t looked this up in a few years, but as of ’01 or ’02, Dykstra had the best post-season HR/AB ratio of all time.
And the guy was a speedy leadoff hitter. He’ll do fine in whatever he sets his mind & passions to.
Lenny does well, but makes some very unreasonable plays(option related comment). Cramer is a sputtering, useless, shitbird. When Nails started appearing with him I thought it was a gimmick. Thus far he has done well. In the world of financial talking heads he stands tall.
Is Cramer the guy on CNBC who screams all the time?
Mike, Yes. And he is shockingly wrong on his calls. There was a mini industry of traders that made their living off shorting his gaps. He no longer has the ability to gap stocks. Figure he is off the airwaves in 2/3 months. Tough job, in his defense. Nobody can toss out 30 inteligent calls in a week. But that’s what this ass does with poor results. He’s been crap since Reg FD.
Sounds like just the guy the institutional investors want feeding the masses.
“Lenny, that’s Warren F—in’ Buffett, greatest stock picker of all time.”
“S—, I’ll stick him.”
(paraphrased)
abe,
You will be surprised in a few months to see Cramer is still on TV. I’m not defending his stock picks ( some good & some bad). He is no longer a stock picker. He is an entertainer and enough folks tune in to keep him on TV.
Large, Maybe. You are right regarding the entertainer angle. I’ve no idea what his ratings look like. Regarding the market, he is beneath useless. Many of his assertions are utterly silly, conspiracy type rants about who is manipulating the market. The current nonsense of ETF pinning is one example. He is a hype and momentum player, and we are not in that type of market. I’d be very surprised if CNBC did not scale his appearences back.