TraderAlan,
Sorry to hear about eSignal... I struggled as their customer for four years, finally dumped them and have never looked back! I still miss those great Signal quote sheets and alarms though... but not their customer service!
Agree with you on the other points, you hit the nail on the head. Smith does tend to be good on chart analysis WRT normal patterns. And his recent forays into daytrading really made me cringe - boy, does he have a lot to learn!
I enjoy reading and like Cramer, as well -- the guy is a force, no doubt about that. His "blow up" last year involving his failed "investment", and his selling out of his longs right at the very bottom in October was somewhat amusing for a self-described "Master of Wall Street", but hey we've all been THERE. I continue to learn from his posts, although like you say I don't consider him that good of market barometer either. He does understand how things work, especially the "inside crap", hedge funds, and market makers (he was one).
I have the same exact concern about thestreet.com becoming another Barron's. I've written them two respectful, thoughtful letters to that effect, but true to their sour self-righteousness they haven't bothered a reply. I think what's going on is, they took that pig public, are delirious counting their new riches, and have turned it over to "the hired guns", using the IPO $. The quality of the site has suffered/declined. Padina, the strident Bond guy, is a good example of the sort of Bear-uns like junk that I refuse to pay for, or read! There is a lot of other "junk" appearing on there now, as they ramp up a larger staff. My response has been to read it much less, and to go back to the Wall Street Journal and IBD. Really, it boils down to a website that publishes Cramer and Smith (with maybe a LITTLE bit more)... think about that, it was a multi-Billion dollar IPO!! :)
-Steve |
