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Technology Stocks : All About Sun Microsystems

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To: Ian Davidson who wrote (62853)	4/3/2005 1:06:31 AM
From: upanddown	of 64865

well whatever he is that nets out to 150 million bucks....it's better than I did last year. Don't listen to Cramer. That is just more of his self-promoting crap. Cramer is not an active money manager. He quit the hedge fund business and became a media guy (tv, radio,thestreet.com). He could not manage money and constantly mention stocks on his shows. It would be impossibly restrictive. He runs his own portfolio (3.5M range) as a premium product for Thestreet.com. He has some restrictions...must hold for a month, can't buy or sell a stock for a week if he mentions it on his show, long only, etc. He is always whining about his restrictions. His results are mediocre at best. Some terrible calls (huge losses on NT LU CHTR EMC JDSU) and some excellent calls like KMRT UNH and a bunch of good energy calls). Some of his plays seem really amateurish like EMC last year. Buys at 14, rides to 10, sells at 11, its back to 14-15 within two months. He started it on 1/1/2002 and has a TOTAL return of 12.28% since then. He deceptively calls it total AVERAGE return on his website as if he does it annually when he has only averaged 3.5% - 4% annually. He is down 1.09% YTD. He currently has 13 up positions and 11 down positions. Have you done better than that? I know I have. To gain access to his totally lame performance, he has the unbelievable audacity to expect you to cough up $49.95 a month. Caveat emptor.

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