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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (7620)	3/30/2001 10:50:08 AM
From: kvkkc1	Respond to of 17683

Hopefully, that jackass Cramer will do for CNBC what he did for The Street.com, run it to bankruptcy.knc

To: Glenn Petersen who wrote (7620)	3/30/2001 2:13:04 PM
From: Thomas M.	Read Replies (3) \| Respond to of 17683

Ah, yes, the hypocrisy of CNBC is exposed. James Cramer is allowed to own stocks and hype them, but not allowed to short stocks and bash them. CNBC is biased towards bullish coverage of the markets. The fast-talking Cramer, 45, was dogged by conflict-of-interest allegations as both Wall Street trader and commentator. CNBC suspended him in 1998 amid accusations -- later disproved -- that he had tried to short the stock of Wavo Corp. before bad-mouthing the company, whose stock dropped precipitously that day. (Cramer claimed vindication yesterday because Wavo is now trading at 4 cents.) Cramer made was vindicated for the Wavephore incident not because the stock is now down to nearly zero. It is because he was NOT SHORT THE STOCK! He did not have a conflict of interest. What was questioned in that case was not his judgement of whether the stock was overpriced, but whether he was attempting to manipulating the stock for a profit. That incident was plainly and simply Bruno Cohen trying to smear Cramer's reputation. The guy is an egomaniac, so maybe he had it coming, but it is still a blight on Bruno Cohen's character, in my opinion. Tom