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Pastimes : James Cramer Skeptic Thread

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To: Lizzie Tudor who wrote (33)5/29/1998 12:14:00 PM
From: fred douglas liebling   of 1254
 
Michelle, Cramer got excited about Peoplesoft, bought it, and then expressed disappointment when earings came out. He correctly said that the high PE couldn't be sustained with the recent earnings report. He was right about how the street would react to the stock, and gave me the impetus to get out with most of my profit intact. There is no other figure on Wall Street, even those who have been right about the markets for the last few years, giving so much valuable insight. If you observe what he's doing, you'll find that his words are in synch with what the markets do. fred
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