James Cramer, bear or bull, you be the judge.....
Cramer averaging in on CSCO on 12/1/2000 (at $50)
thestreet.com
We are still long Cisco. Bought some more yesterday. It has been a poor
performer though. Maybe that is enough.
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Cramer callling the bottom on 12/8/2000
thestreet.com
I have a word for that. It's called "the bottom." Again, if you want to
know
why this market bottomed, I urge you to read my most recent version of the
checklist that I set up during the bear market to tell you how to
determine
when you could get bullish again.
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"The Bear Phase Is Over" 12/11/2000
thestreet.com
Once again, I reiterate that the bear phase is over. This rally looks like
the real deal. It has the financials and the techs and the drugs all up.
Maybe we bounce down a little off NDX 3000, but then we just reload and go
through.
Sorry to be so unabashedly bullish. But nobody else I know is, so it seems
fine with me.
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Cramer calling a "Lasting Rally" on 12/12/2000
thestreet.com
Just makes me feel even more right. As does the action in these so-called
broken tech stocks. That's bullish action coming from short-sellers
covering, value buyers saying, "I guess this is my chance" and momentum
guys
saying, "I better get in and make a couple of good-looking charts before
they take the money away!" That, my friends, is genuine tinder for a
lasting
rally.
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Cramer covering all his shorts at NAZ 2200, 12/22/2000
thestreet.com
We said we took off a lot of those shorts at 2500. We took off the
remainder
of the shorts at 2200. We have no shorts. ...That's what you do when you
think you are around the bottom
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From Cramer today:
And unlike you, I have been pretty negative on tech for a long time. I have
not been on television saying I would load the boat up with tech
At the beginning of the year, I frowned on a long QQQ (Amex: QQQ - news)
strategy right in the face of a proponent of it on CNBC. I thought it
foolish. I am not someone who has advocated riding tech all the way down
from 5000 and am now telling you to get out.
The opposite is true. I am a credentialed tech bear and I am not going to
have it pinned on me that I just got bearish on tech, as so many others
around me have. I made great money last year betting against tech and was
vocal about it. I told you as late as yesterday to take those prices we had
in the rally and reposition.
Look, often it doesn't seem worth it to go through the aggravation or the
heat I am getting for this negativity. I swear, unfortunately, that it is
much easier to be Joe Battipaglia or Abby Joseph Cohen or Tom Galvin than it
is to be me. They get credit every time it goes up and they look like white
knights every time it goes down. They seem like the friend of capital. When
I say sell I seem like the enemy
Objectively, in the real world of professional money, however, that is
wrong. These people are, in the real world of big-time performance
management, regarded as glad-handers who would have annihilated you if you
listened to them. I am from the real world of big-time money management. I'd
rather be right and make money than be wrong and make everybody feel happy. |
