This post from "Columnist Conversation" on TSCM sheds some light:
Jim Cramer
Mark-ups
6/28/01 11:03 AM ET
Herb, given how much is on the line I am surprised that the mark-ups didn't start earlier. ALways easier to mark up big today and then just maintain tomorrow so you give the slip to the Feds.
While critical of Cramer, I consider him highly informed, particularly on market manipulation. I give him a lot of credit for exposing the fund practices of driving up tech stock prices, end-of-quarter markups, etc.
It's just that some of his positions on stocks and stock sectors lead me to believe that he hasn't severed all ties to the manipulators. It's a judgement call, I don't have absolute proof, but it's based not just on biotech, but on some of his tech stock calls also.
When he was still with his hedge fund, he posted on TSCM about two managers who had called him up, urging him to join in shorting some tech stock that was falling, and he had turned them down. That started me thinking - Cramer's been in the hedge fund business 15 years or something, not exactly a shrinking violet, rather well known: why are two guys calling him to join in a bear raid? I think it's because they believe he will do it, based on past experience.
Doc |
