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Pastimes : James Cramer Skeptic Thread

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To: RainMan29 who wrote (1222)	5/6/1999 3:55:00 PM
From: ThomasJeferson	Read Replies (2) of 1254

Cramer had good results for several years, but how did he do it? In my opinion, last Sunday's (5/2/99) was an attempt by Cramer to talk up what he owns (his term). He owns Yahoo, AOL, and eBay, in case anyone wants to go out and buy them. He doesn't own Amazon, and it missed its target last week anyway and is sinking. A month ago he was praising it, but anyone who bought it then is behind now. We all understand that when he wrote about it, that wasn't really a recommendation to buy. What other fund managers enjoy this kind of access to the press for talking about their stocks? Why does he need a trading goddess when he has the Hearst Newspaper syndicate (or whatever it is)? Did anyone actually believe that he hadn't shorted WavePhore? Next week I want to print the rest of his excuses for the shorting IBM fiasco from the February 5, 1996 issue of New York. Anyone can read it and decide for themselves what happened.

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