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Technology Stocks : Ascend Communications (ASND)
ASND 213.41+1.4%1:36 PM EST
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To: gbh who wrote (53205)8/31/1998 1:45:00 AM
From: djane  Read Replies (3) of 61433
 
Gary, I've been a careful reader of Cramer's columns since thestreet.com opened. He is a straight shooter and generally tries to help small investors even up the info gap. But, I take issue with his 2 columns on Sunday night. Not that he may be right to compare the current situation to 1990 (although I personally disagree for various reasons). But, I read his 2 columns really as wishy-washy, cover-your-ass ones on Sunday night before the expected Monday decline so that he could gain credibility and say, "I told you so" on Monday night. If he's wrong, I wonder how he'll be able to explain away his dramatic analysis containing seemingly strong secular changes. As a trader, he will then turn on a dime and discard these arguments based on new evidence. And, he is an opportunist, not the ultimate bull.

P.S. Is anyone else getting annoyed at the beating that the dip-buyers and market timers are receiving in the financial press for the past month? Talk about repressed hostility. Yes, buying every dip won't always work. But, dip buying for boomers who will retire in 15-20 years is a good strategy. If it goes down another 10-20%, buy that dip as well. It sure beats buying when everything is rosy and all the brokers are telling you to buy.
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