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Pastimes : Things That Annoy Me -- Ignore unavailable to you. Want to Upgrade?


To: mr.mark who wrote (3466)10/20/1999 11:18:00 PM
From: GlobalMarine  Read Replies (1) | Respond to of 4023
 
Asking, "Is it Wednesday today," and getting, "yes, all day."



To: mr.mark who wrote (3466)10/21/1999 12:44:00 PM
From: Wigglesworth  Read Replies (1) | Respond to of 4023
 
Guy who doesn't know wife's anatomy!!!!

James J. Cramer

10/21/99 12:13 PM ET


Oh, is this Reuters (RTRSY:Nasdaq ADR) painful. I was short this thing all last year, confident that it would get its butt kicked from its strategy of giving away its $1,500 a month product to Yahoo! (YHOO:Nasdaq) for free. I also figured that the euro would lead to less FX biz ultimately and that Instinet would get its head handed to it by all of the ECNs that seem to spring up like dandelions on my beautiful Summit, N.J., lawn.


But Reuters was in total denial last year, saying that all of these things I was worried about were poppycock. It talked a big game, saying that these caveats wouldn't matter because things are so robust everywhere and the strategies were brilliant and proactive. They were masters of the cyberuniverse with a British accent.

I covered the short the way shorts covered IBM (IBM:NYSE) ahead of that Jim Dandy quarter just reported. I lost a fortune. I got whamma-jamma'd by a bullish management.

Now I am reading over all of the statements and the First Call notes. I was right as rain. The thing sounds awful. But I didn't have the staying power to stay short it. I am furious at myself for covering when I had the kahuna in my sites.

Ironically, this was the strongest attribute of my wife's trading prowess. She would "put them out" forever. She never feared the squeeze.


How can you fear the squeeze when you ain't got no balls???




To: mr.mark who wrote (3466)10/23/1999 1:42:00 AM
From: Wigglesworth  Respond to of 4023
 
Man got smarter just by listening!!!

BEFORE (10/21/99, JJ Screamer in dastreet.com) :

At one point today I hopped off a Colgate (CL:NYSE) quarterly conference call to take a call from my wife. We spoke about some things she wanted me to pick up and then I hopped back on. The call seemed to have a taken a turn for the worse, with a little more contentious Q&A than I had expected, given the stellar revenue growth and the terrific gross margins. I was almost ready to bang some out.

Then I realized I was listening to the wrong conference call.


AFTER (10/22/99, same man from Mars in lastrada.com):


Listen Up! Conference Calls Can Make You Smarter

By James J. Cramer

10/22/99 8:45 AM ET