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Non-Tech : Auric Goldfinger's Short List

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To: Sir Auric Goldfinger who wrote (1354)1/27/1999 8:23:00 PM
From: Tom Murphy  Read Replies (1) of 19428
 
For fans of J.J. Cramer:

I just took a look at the SEC filings for Cramer's "companies".
I checked two of his holdings. BVCC(1,654,000 shares) and MGN (725,000 shares)...Both are down more than 50% off their highs. Unfortunately for J.J. it looks like he bought on the high end and is taking a serious bath. BVCC looks like a real problem. With his large holdings and the small average daily volume it appears he can not get out of that one. As I said before his timing does not appear real good either. For example, between May and July he picked up over 500,000 shares of BVCC at prices between $32 and $38/share...The stocks know trading at $18 (my guess is he is down between $15 to $17 million on this one overall). Merrill Lynch downgraded the stock the other day and John Hancock recently liquidated all their holdings, so things are not looking good.

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