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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Heretic who wrote (52283)10/1/1999 3:55:00 PM
From: SliderOnTheBlack   of 95453
 
Hetetic ? ... sheer ignorance

You gotta be kidding me ? Surely; no one could draw such a totally ignorant conclusion ....

<< Before anyone sets out to emulate Cramer's frantic trading style, know that his hedge fund, Cramer-Berkowitz & Co., fared poorly in 1998, trailing the Standard & Poor's 500 index by 27 percentage points...>>

Cramers "frantic" (your ignorant word, not mine) trading style is hardly "frantic" - and it is certainly no different than other hedge funds; mutual funds, or other traders... his "style" is no different from the many who were up +27%; just as those who may have been down 27%.

Fwiw; I think Cramer's 2-3-5 year returns over time speak for themselves... I think Buffet's/Berkshire Hathaway's returns aren't looking so good right here either; for the posterchild of buying & holding...

Some people simply miss the forrest for the trees - others are so clueless that don't even know they're outside in the woods...

Heretic; sorry - but stupid comments should probably not be even responded to... but; totally ignorant ones - should be imho...

The "subject" and the point was not "frantic trading" vs. buy & holding; but rather the neandrathalic ; gee I must buy at $5, I can not sell untill the exact tic at $7 and that must occur precisely between 8:30 and 3:30 pm on the day the JV is to be announced... if it does not happen exactly as I planned - I must sell...

Let me guess - you're loaded in FGI...

sad... but; without the ignorance that this type of response signifies is the norm; the easy money wouldn't be so easy...
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