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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (16960)	4/8/1999 10:48:00 AM
From: Don Pueblo	Read Replies (2) of 34810

These CNBC guys just crack me up. Last week when Cramer was on, somebody mentioned a stock that Cramer had not finished DD on, and that had popped. Cramer said, "Rats, I was working on that." (Meaning he had not finished his DD and had not taken a position, and missed the pop.)Joe Kernan immediately piped in and berated Cramer heavily for this and said something to the effect of "What's your problem? Just buy it!" I kid you not. Just now, Bob Pisani picks a couple of stocks in the retail sector that "look great" and shows the charts, (all at 52 week highs) then says "I cherry picked these, lots of the other retailers are not doing that well." This is just astounding to me. I'm telling you, this kind of nonsense cannot go on forever. Plenty of people are going to lose money paying attention to that kind of CNBC advice.

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