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Technology Stocks : JDS Uniphase (JDSU)
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To: Stocker who wrote (17713)2/3/2001 2:16:34 PM
From: pat mudge  Read Replies (1) of 24042
 
Thanks for your considerate reply.

Two comments seem contradictory:

I acknowledge there was some short-term money to be made in JDSU, NT and others but the call Cramer's been making doesn't really pertain just to the last few weeks, he's looking out several months. . . .

As for does Cramer know who he is, I think he has a damn good handle on it. In his former trading role he was paid to fret about positions taken hours or minutes, not months. It only makes sense then that his position would change 99 times on JDSU or any other stock because he had to catch both the up and the down moves if he wanted to perform. That's the focus his profession and fund holders demanded. His writings simply reflect that focus. And guess what, that's what subscribers to his site pay him for.

In one paragraph I see a guy who's "looking out several months," and in the other I see a guy whose positions are taken in terms of "hours or minutes." Which Cramer do his readers follow? And if they don't know which one they're following, how do they make reasonable decisions?

I would have a lot more respect for his organization if he were more balanced. If he would include data from RHK, for example, his readers would have an idea where the industry is headed. Instead, he hires hack writers and sends them out to find headline-hungry analysts to back up whatever agenda he happens to have that particular day or week. Do you realize that analysts and fund managers often hire agents to get them press coverage and air time? It's all about boosting your company's investment base or increasing your newsletter's subscriptions.

The bottom line is simple: anyone who charges for advice has a double agenda. And anyone who cares about his or her own portfolio had better wake up and realize there's only one person who's ultimately responsible.

End of rant.

Now, I have a plane to catch. . . :)

Pat
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