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Non-Tech : Any info about Iomega (IOM)?

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To: sheila rothstein who wrote (47190)2/8/1998 4:51:00 PM
From: Michael Coley  Read Replies (1) of 58324
 
RE: Cramer's Screaming Sell on Tech Stocks. **OFF TOPIC**

Sheila,

>> I don't have too much regard for Cramer. Just a month ago I heard him on CNBC put out a MAJOR SCREAMING SELL on the tech stocks. <<

That's the problem with listening to a short-term trader when you have a long-term mindset. Cramer was absolutely correct when he started bad-mouthing the techs. Most techs did drop around 30-50% from their highs during the month or two that he was bearish on them. "The Trading Goddess," as Cramer calls his wife, also picked the bottom very precisely, and Cramer reversed his stance on techs. If you missed that announcement, though, I can see why you wouldn't have much regard for him.

I don't agree with everything that he says, but I have learned a lot from him and I think he's one of the best out there. Most market analysts are just plain pitiful, though, so it doesn't take much to be "one of the best".

- Michael Coley
- wwol.com
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