Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (92119)	1/24/2000 10:39:00 PM
From: Sam Bose	Read Replies (1) \| Respond to of 164684

Victor, Just because the Naz was up over 80% last year doesn't mean everyone automatically had a stellar 1999. You had to have the guts and the conviction to stay long the right stocks. Just ask Bill Fleckenstein who lost a huge number of clients and assets from his fund. Just ask Byron Wien, Barton Biggs, Gail Dudack, who have all sat out a few thousand points of this bull market. Ask Charles Clough and Tom Kurlak of Merrill Lynch and Michael Metz of Oppenheimer all of whom had to resign their jobs in disgrace and retire (except for Kurlak who went to the buy side at Tiger Management and is still underperforming there). In this context, Cramer's long term track record is atually pretty darn good, and he would not be in the Darwinian hedge fund business if it wasn't. In addition, your facts about his website becoming free are incorrect. He is indeed expanding the free section of market news to attract more eyeballs, but the crucial analysis and commentary portion of TheStreet.com will not only NOT be free, but the annual subcription rates are going to be substantially INCREASED, quite contrary to your comment that "not enough suckers" are willing to pay for it. In contrast, besides Goldman Sachs, a few more investment houses on the street are in the process of adding TheStreet.com as a wire service right along with Bloomberg and Reuters. One reason the New York Times partnered and invested in TheStreet.com last year. The stock is another story, as its considered a media play and not very much in demand right now. There are too many other opportunities for better investments elsewhere, and I am not long or short the stock. The service however is exemplary, and I'll stand behind it any day. Best Wishes, Sam