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Pastimes : James Cramer Skeptic Thread

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To: bull who wrote ()	11/25/1998 7:17:00 PM
From: ThomasJeferson	Read Replies (4) of 1254

Cramer recommended to short IBM in the January 15, 1996 issue of New York magazine. Instead of going down, the stock took off, and in the February 5 issue he explained what went wrong. "I did not invent these problems. They were fed me by bearish analysts, experts who cover IBM and had been led to believe that the company would make a dour forecast after it issued its most recent earnings numbers." Who were the bearish analysts? Why did they feed him the tip? Trading on tips is not legal, and they should not be used as the basis for recommendations in magazines because they are not reliable and not ethical.

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