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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (10631)	11/16/2000 6:03:34 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

"Online financial information company TheStreet.com Inc. (Nasdaq NM:TSCM - news) said on Thursday it would cut 20 percent of its U.S. staff, or 40 jobs, and close its British operations in an effort to turn a profit sooner. The New York-based TheStreet.com, which has about $90 million in cash, said its decision to cut jobs and pull the plug on TheStreet.co.uk and its joint newsroom venture with the New York Times would help save $18 million a year." Hmm, perhaps they're starting to realize that the market opinions of a bunch of 25-year old journalists doesn't carry that much weight. And even Cramer isn't worth $200/year. Alan