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To: Gerald Walls who wrote (91696)11/4/1999 1:08:00 PM
From: Road Walker  Respond to of 186894
 
Gerald,

He's right. Puts in Intel are about 2 to 1 over calls traded today. Usually it's the other way around.

John



To: Gerald Walls who wrote (91696)11/4/1999 4:45:00 PM
From: L. Adam Latham  Respond to of 186894
 
Gerald:

Re: Cramer sez...people will try to trash the market...

Glad he was wrong, at least for today.

Adam



To: Gerald Walls who wrote (91696)11/5/1999 12:35:00 PM
From: Gerald Walls  Respond to of 186894
 
Cramer's follow-up today:

thestreet.com

Wrong! Dispatches from the Front
From Cramer, Lots of Thanks -- and a Simple Script
By James J. Cramer

11/5/99 9:50 AM ET

Thank you, bearers of doom. Thank you, firms that spread the word that there would be 500,000 jobs created, causing the bond market to fall from the north face of Everest. Thank you, short-sellers, for getting that story out loud and clear so you can now have your heads slammed against a wall covered with rusty protruding nails. You have created, with your ingrained bearishness and worry, still one more fabulissimo buying opportunity. Isn't it sweet? Isn't it so typical? Silly cubbies!

So, bears, what do you do for an encore? It is obviously too late to capitulate. You can't come in and buy now; that would smack of intellectual dishonesty and we know you would rather be intellectually rigorous rather than make any money.

My suggestion? Go back to the den for a couple of days. There will be some number that comes out, some government-sponsored number, that will more suit your thesis. As all numbers are created equally by the media, you can come out of the den then and start the gloom-and-doom rap again. It never goes out of style. There will always be an audience for it.

But, in the meantime, would you do something that I have never ever heard a bona fide bear ever say? Would you say three little words that would warm my heart and make me happier than having 100,000 subscriptions for TheStreet.com?

It is a very simple script. I will have it on in time for you to speak at the 3 p.m. bear hour on CNBC. Ready? "I was wrong."

Random musings: Great lockup story by Lashinsky in his latest piece. I love his stuff. He is certainly worth the price of a subscription. ... My buddies at EMC Corp. (EMC:NYSE) are attacking analysts for downgrades and being neutral. Save it -- it is not worth it. You are not Harry S Truman and these critics are attacking your stock, not your daughter. And I love you guys, so take it for what it is worth. ... Doing a scan of $200 stocks to see who can pull a Qualcomm (QCOM:Nasdaq) and announce a 4-for-1 stock split. I don't care what the academics say about this stuff, by the way. It is not up to them. It is up to the psychologists, and they would tell you it moves stocks. ... Don't forget while I am away next week to check out my rewrite of how to get in this business, if you are considering doing so. I was going to redo the cold-calling segment that is in the Schoolhouse, but there was nothing worth redoing. Go there if your job is in sales, or you are contemplating sales, as you will love it. ... Getting fired up for our Fox News Channel TV show tonight, with John Neff, the value legend. This guy was making money in stocks when Brocade (BRCD:Nasdaq) was something on your shoulder and Yahoo! (YHOO:Nasdaq) was something you yelled at a rodeo. ... We had some great calls on this show in the past couple of weeks. No guarantee of future great calls, simply pointing out that money's being made somewhere on your TV set, so why not check it out?!