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Strategies & Market Trends : News Links and Chart Links

SPXL 224.22

+1.8%

Dec 22 4:00 PM EST

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To: Softechie who wrote (4226)	12/20/2002 2:53:13 PM
From: Softechie	Read Replies (1) of 29606

Oracle's Short-Lived Jump Says a Lot By James J. Cramer 12/20/2002 13:45 Oracle's ORCL a big tell, isn't it? Here we are two days after the big upside surprise, and the stock is right back to where we were before it. Telling. Can we please stipulate that actions like this mean the end of "BTE" as a way to make money? BTE, or better-than-expected earnings, was a way to make money before the public figured out that the analysts post their estimates after getting them from the companies. It worked as long as the public bought into the fiction of BTE. But now the public knows better -- thanks Eliot, and thanks media -- and we no longer have the back end, the people who take us out of the positions after we take them. Isn't that what went on? Now nobody cares about this crap. What they care about is finding companies that can pay good dividends and go up over time . Unfortunately there aren't enough of them yet, and the tax code doesn't allow us to exploit those dividends effectively. But it will come. In the meantime, let's move on, stop highlighting "BTE" and focus on things that make us money. Oracle shows you the old method simply doesn't work anymore.

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