On the subject of journalist picks, has anyone taken a good look at Cramer's B2B list at the Street.com. He's another one with his own kind of logic. I've looked at a few of them.
The framework for these picks has more to do with appearance then anything else. It seems like he and the market are billing them as growth stories in a hot sector, wheather they actually deserve to be or not. Several on the list, the first three in fact, have minuscule revenues. So, they'd hardly amount to growth stories. The common thread with his tech picks, is that he really doesn't understand or put the effort into learning the technology behind them and consequently it's potential effect. Instead he sticks his finger up in the air, sees which way the winds blowing and does little more then a cursatory evaluation of company's product and potential. What kills me is his pretense of thuroughness and informed decision making, when all he's doing is rationalizing. For the longest time he hated Qualcomm. He knew little about them, but of course asserted otherwise. Cramer's always quick to come up with a new paradigm to justify his picks and the prices. Here's his b2b list.
Ask Jeeves, Inc. (ASKJ)
VerticalNet (VERT)
E-Stamp Corporation (ESTM)
Internet Capital Group (ICGE)
BEA Systems (BEAS)
PurchasePro.com, Inc. (PPRO)
Retek Inc. (RETK)
PCOrder.com (PCOR)
Rowecom (ROWE)
Tibco Software, Inc. (TIBX)
Commerce One, Inc. (CMRC)
Ariba, Inc. (ARBA)
Oracle Corporation (ORCL)
Viant Corporation (VIAN)
BroadVision, Inc. (BVSN)
Proxicom (PXCM)
VeriSign, Inc. (VRSN)
Sapient Corporation (SAPE)
Scient Corp. (SCNT)
Healtheon/WebMD Corp. (HLTH)
Siebel Systems, Inc. (SEBL)
CareInsite, Inc. (CARI)
Razorfish (RAZF)
Chemdex Corporation (CMDX)
Stamps.com Inc. (STMP)
Just my little rant for the day <g>
-David P. |
