{"id":5897,"date":"2007-04-04T00:00:00","date_gmt":"2007-04-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"cnbc-cramer-boasts-of-manipulating-markets","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/04\/2007\/cnbc-cramer-boasts-of-manipulating-markets.html","title":{"rendered":"CNBC&#8217;s Cramer boasts of manipulating markets"},"content":{"rendered":"<div class=\"inside-copy\">  CNBC TV host Jim Cramer has made a name for himself telling viewers how to make money in the stock market. Here&#8217;s one time he might wish he&#8217;d kept quiet.<\/div>\n<p class=\"inside-copy\">  In a video originally broadcast on trading website TheStreet.com on Dec. 22, 2006, that resurfaced this week on YouTube, Cramer discusses at length ways he and other hedge fund managers have been  able to manipulate security prices for quick gains.<\/p>\n<p class=\"inside-copy\">  &#8220;A lot of times when I was short (stocks) at my hedge fund \u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u00a6 meaning I needed it (the stock) down \u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u00a6I would create a level of activity beforehand that would drive the futures,&#8221; the <em>Mad  Money<\/em> host said in a broadcast that was removed from YouTube Thursday but was available on TheStreet.com as of Thursday night. &#8220;It&#8217;s a fun game, and it&#8217;s a lucrative game.&#8221;<\/p>\n<p class=\"inside-copy\">  Shorting stocks \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d selling borrowed shares in hopes of buying them back later at a lower price, thus making a profit \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d is a common trading tool used by hedge funds.<\/p>\n<p><strong><a href=\"http:\/\/www.usatoday.com\/money\/markets\/2007-03-23-cramer-usat_N.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC TV host Jim Cramer has made a name for himself telling viewers how to make money in the stock market. Here&#8217;s one time he might wish he&#8217;d kept quiet. In a video originally broadcast on trading website TheStreet.com on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5897","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5897"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5897\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}