SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Things That Annoy Me
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mr.mark who wrote (3466)10/21/1999 12:44:00 PM
From: Wigglesworth  Read Replies (1) of 4023
 
Guy who doesn't know wife's anatomy!!!!

James J. Cramer

10/21/99 12:13 PM ET


Oh, is this Reuters (RTRSY:Nasdaq ADR) painful. I was short this thing all last year, confident that it would get its butt kicked from its strategy of giving away its $1,500 a month product to Yahoo! (YHOO:Nasdaq) for free. I also figured that the euro would lead to less FX biz ultimately and that Instinet would get its head handed to it by all of the ECNs that seem to spring up like dandelions on my beautiful Summit, N.J., lawn.


But Reuters was in total denial last year, saying that all of these things I was worried about were poppycock. It talked a big game, saying that these caveats wouldn't matter because things are so robust everywhere and the strategies were brilliant and proactive. They were masters of the cyberuniverse with a British accent.

I covered the short the way shorts covered IBM (IBM:NYSE) ahead of that Jim Dandy quarter just reported. I lost a fortune. I got whamma-jamma'd by a bullish management.

Now I am reading over all of the statements and the First Call notes. I was right as rain. The thing sounds awful. But I didn't have the staying power to stay short it. I am furious at myself for covering when I had the kahuna in my sites.

Ironically, this was the strongest attribute of my wife's trading prowess. She would "put them out" forever. She never feared the squeeze.

How can you fear the squeeze when you ain't got no balls???

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News