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To: Sir Auric Goldfinger who wrote (7157)3/28/2000 2:19:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 


A Penny for Your Stocks?
By James J. Cramer

3/28/00 6:56 AM ET



Click here for the latest from James J. Cramer.



Do you know that you could have bought Cisco (CSCO:Nasdaq - news - boards) for 6 cents a share 10 years ago? Does that inspire you to go to the bulletin-board portion of the Nasdaq and find the next Cisco?

If it does, you would be Wrong!

There is a word that doesn't get mentioned enough when we look at the fantastic performers of this era; it is "split-adjusted."

Cisco has split nine times. That means its current price of 80 has to be adjusted nine times to figure out what it came public at. It did not come public at 6 cents. It never traded at 6 cents. In fact, I remember the day it came public, and it never traded at 18. It was hot (meaning it went to a premium) from day one.


(As an aside, I used to go to quite a few hedge-fund dinners with other managers before the Trading Goddess explained the facts of being a dad to me -- very hard to quiz daughters about the multiplication tables while you are at the Remy table talking stocks. After a while I got tired of having to defend Cisco from the ceaseless "overvalued" attacks of my colleagues and I would just doodle, or whistle or do something disruptive to voice my displeasure. I can't believe how hated this stock was by the intelligentsia during the 1990s.)

But people persist in thinking that they can find the next Cisco by looking for penny stocks. If there is a theme that rivals "taking something off the table" for my passion, it is the desire to make you realize that penny stocks are a joke, often a fraud, and a huge mistake to own.

People who push penny stocks prey on the notion that you won't understand what "split-adjusted" means and you will just cruise around looking for the next Cisco among the 6-cent litter pile. I know this stuff goes on because periodically I sneak in to these chat rooms and sites to see what stock people are pushing.

It revolts me. I don't think you could give the SEC enough dollars to shut down all of these scams. Sure somebody is going to win at this game. Somebody wins on the slots too. And there are winners in football pools and the numbers games.

But that's not what trying to beat the market is all about. That's not what picking winners is all about. Most of these penny-stock games are rigged games, and only those who get out while the pumping is going on make any money.

If you think you can find the next Cisco in the bulletin-board stocks, may I suggest that you at least stop lying to yourself? Own up to the fraudulent nature of the pursuit.

Oh, and while I am dissing your investment skills, please play 754 tonight. That's my lucky number.

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James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Cisco. 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.
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To: Sir Auric Goldfinger who wrote (7157)3/28/2000 2:52:00 PM
From: StockDung  Read Replies (1) | Respond to of 10354
 
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To: Sir Auric Goldfinger who wrote (7157)3/28/2000 3:49:00 PM
From: StockDung  Respond to of 10354
 
Subj: GIV PR - March 28/00 - Investment.com Signs Agreement With Sierra Wireless
Date: 3/28/00 3:34:50 PM Eastern Standard Time
From: brad@vericom.ca (Brad Poulter)
To: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX)

Investment.com Signs Agreement With Sierra Wireless

Investment.com announces co-marketing and reseller agreement with Sierra Wireless to provide wireless access devices for users of Investment.com Anywhere

VANCOUVER, B.C. - March 27, 2000 - Investment.com (GIV:CDNX) is pleased to announce the signing of a co-marketing and reseller agreement with Sierra Wireless Inc. (SW:TSE).

Under the agreement, Investment.com and Sierra Wireless intend to cooperate and participate jointly at selected trade shows and sales opportunities. The agreement also allows Investment.com to resell the award winning Sierra Wireless AirCard 300 to customers that subscribe to `Investment.com Anywhere' - Investment.com's secure, performance-enhanced solution for wireless access to the Internet. Through `Investment.com Anywhere,' users can access Investment.com's unique content, Web-based electronic mail service, online file storage, portfolio-tracking features and online calendar - as well as third-party investment information and transaction services on the Web.

Wireless `Investment.com Anywhere' has commenced testing, which will continue until broad commercial availability in the second quarter of 2000. Initial users who purchase the AirCard will be able to take advantage of `Investment.com Anywhere' free of charge during the trial phase.

"Our target customers need rapid and secure wireless access to financial information. Wireless is a key element of the long-term Investment.com strategy," said Charles Desjardins, Investment.com President and Chief Executive Officer. "By selecting Sierra Wireless as our strategic supplier of wireless access devices for the `Investment.com Anywhere' service, we are able to offer a world-class service."

Investment.com will use its new Toronto-based customer service unit, created through the recent acquisition of Mutual Fund Review Inc. and Financial Player Inc., to provide support for orders taken for Sierra Wireless devices.

"We are pleased to team with Investment.com to deliver this compelling wireless data service to the investment community," said Jeff Morris, Director of Marketing for Sierra Wireless. "Investment.com plus the AirCard will deliver a practical, effective wireless data solution."

About Investment.com Anywhere

`Investment.com Anywhere', in a license agreement with Infowave Software Incorporated (IW:TSE), offers investors a unique and powerful ability to keep abreast of their investments and conduct online transactions at any time while away from their desktop computers.

It is based upon Infowave for the Net(TM) - Infowave's proven and popular client/server software solution. Infowave for the Net is a complete, end-to-end solution that provides secure, reliable and efficient access to the Internet, corporate Intranets and web-based applications. Infowave's customers choose from a spectrum of mobile devices including telephones, pagers, handheld computers and notebooks. Infowave's software sends the right information to the right device at the right time. Investment.com offers investors the ability to research investment opportunities and track their investment portfolio with Investment.com's Financial Information Manager. `Investment.com Anywhere' is a valuable addition to the wide range of content and services available on the Web site including incisive feature articles, message forums, financial tools and select financial services.

About Investment.com.

Founded in 1999, Investment.com is being developed as the first end-to-end global online investment portal. Investment.com will give investors everything they need to research investment options, conduct investment transactions, and track their entire investment portfolio - including stocks, bonds, mutual funds, real estate, insurance and collectibles - online. Investment.com is also the publisher of `Investment.com Magazine' and `Investment.com Mutual Fund Review'. In order to provide the most comprehensive solution to the online investor, Investment.com delivers expert investment related content, investment tools such as message forums, investment calculators and calendars. It will also offer access to online investment transaction facilities including online banking, stock trading and collectible auctions. Investment.com's world-class list of partners includes Citizens Bank, Stockhouse.com, Microsoft, DoubleClick, VNU, ON24, Screaming Media and ecMarket.com. For more information on Investment.com visit the company Web site or call (604)-681-7210.

About Sierra Wireless

Sierra Wireless is a leading provider of wireless data communications hardware and software products. Sierra Wireless delivers wireless PC Cards for portable computers, rugged vehicle-mounted wireless modems and OEM modules for embedded applications. Sierra Wireless is the founding member of the WirelessReady(TM) Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions.

On Behalf of the Board of Directors

(signed)
Charles Desjardins, President & CEO

For an Investor Packet, please contact 1-800-773-7317

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.

Note: Any statements released by Global Investment.com Inc.. that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.

Disclaimer: This transmission was intended only for the party or parties to whom it was directed. If you have received the transmission in error or by other means, it must be destroyed and by no means circulated, copied or otherwise duplicated without the express permission of its author(s). Nothing in the contents transmitted should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein.

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