We’ve commented in the past on the irresponsible trading decisions that some of Jim Cramer’s viewers make. Thursday’s episode of Mad Money was a case in point. Shortly into the episode, Cramer told his viewers that there was money to be made in DJO and went on to hit all of his bullish sound effects. As is the case with most of the stocks Cramer recommends, the stock immediately traded up on his recommendation as shown in the chart below.
Actually, if you look at the chart closely, you may be thinking that the stock’s reaction was somewhat muted in that it only rose by 50 cents. Afterall, most of the time when Cramer recommends a stock it goes up by more than a measly 50 cents. What makes this 50 cent jump so notable however is that last night’s episode of Mad Money was a rerun from April, and it wasn’t as if CNBC hid the fact that the show was a rerun. During the entire time that Cramer was recommending DJO, there was a graphic in the lower left portion of the screen which said “Previously Recorded 04/19/06”.