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To: djane who wrote (6449)	8/12/1999 4:40:00 PM
From: djane	Read Replies (2) \| Respond to of 29987

Cramer on I* default [Cramer should also cite the SI GSTRF thread for its prescient analysis eons ago about the IRID business plan critical problems. djane] COMMENTARY >> WRONG! REAR ECHELON REVELATIONS Full Circle By James J. Cramer 8/12/99 4:26 PM ET What was the point of that session? I mean if we are going to start and end at the same place, I mean, why bother? Of course the intraday shenanigans certainly had their positives and negatives. My favorite was Hewlett-Packard (HWP:NYSE), which I bought all the way down, but when I went for Diet Doctor Pepper dropped three points when it lost a case to Xerox (XRX:NYSE), which dropped two points. Talk about lose-lose! I am not sweating this PPI number. I am sweating the fact that oil never seems to come down, which makes this whole bond exercise a push. Oh, and the SOX finally took a day off. To me, seemed like just profit-taking. Random musings: Iridium (IRID:Nasdaq) defaults. When people question me about what TheStreet.com has that the other guys don't, I say we have Herb Greenberg, who kept you from being an Iridiot. James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Hewlett-Packard. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at jjcletters@thestreet.com. Send feedback to letters@thestreet.com.