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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (12664)	3/29/2000 12:24:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 14427

Hi Stefan.. Yes, another one of "puke 'em up" days. Sometimes I think I should just buy some CDs and forget the whole thing! (Sold EMLX yesterday) Cramer on VNTR..Don't know what to make of it. The Dark Side of the B2B Moon By James J. Cramer 3/29/00 11:34 AM ET Click here for the latest from James J. Cramer. "Full up! Slam the door. Nail the windows. We don't want any more B2B!!" Oh don't mind that screaming man. That's just the collective voice of portfolio managers as Ventro (VNTR:Nasdaq - news - boards), the old Chemdex, has to cancel its common stock offering and cut back its convert. Remember last week when I said the market has had enough of these deals? Remember Ben Holmes saying that this is the sickest looking group of secondaries he has seen in some time? Now we are paying the price of the deals that are being foisted on the market, and we are seeing the dark side of the B2B moon. Ventro, nee Chemdex, never interested us. Matt "B2F" Jacobs always thought the tiny gross-margin story here would eventually catch up to the stock. It sure did -- just when the company wanted the money. Now the window is shut, and there are a lot of insiders at a lot of different companies who are hoping that we are not seeing a replay of that excellent last scene in Blood Simple, the one where M. Emmet Walsh gets his fingers caught. Remind me to rent that one again this weekend. And to send the venture capitalists a copy for a little cinema verite.