Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (65481)	6/24/2005 3:51:46 PM
From: Slagle	Read Replies (1) of 74559

energyplay Re:"Cramer" What do you make of the Cramer call Wednesday about CSCO and MSFT? I'm not one for conspiracy <g> but....many of the points you have made about the quarter end ect., and correctly too, well don't you think Cramer knew that also? I'm watching QQQQ and I have never seen such action. The time and sales column is just a blur, moving so fast you can't read the numbers. If Cramer, AFTER a big sell off had said that it was time to buy that would be different. You mentioned somewhere that there was now a "Cramer" effect. I believe it. Yesterday, the day after the Cramer rant MSFT and CSCO really ramped up on whopping volume and MSFT even had a gain for the day. That MUST have been the Cramer effect, what else would explain it? I'm beginning to worry about oil now too. This morning that CNBC "floor trader" dude at the CME (Jack Barogiane sp? who is a shameless stock pumper) was talking about "Saudi Oilfield depletion" and $80 oil. It could be the end. I'm nearly through with the Simmons book and its pretty good reading. One thing I thought about when I first heard about this Saudi business was that there are bound to be people who worked over there years ago who would know about the Saudi oil assets. I have a friend who worked over there in the early 1980's, but as a pipe welder. I've asked him but he doesn't have a clue. But I HAVE seen two posts on message boards by guys who said they did exploration work over there years ago, one on Value Forum and one on yahoo which tend to confirm the Simmonds book. Slagle

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