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To: Snowshoe who wrote (1217)6/23/2001 3:18:06 PM
From: Snowshoe  Read Replies (2) | Respond to of 1822
 
LOL, here's how Cramer ticked Luskin off...

Cramer: It's not my money, fortunately. How are you going to open the fund?

Buzz: I'm going to put a Web cam on my head and wear it around everywhere I go. I'm going to record everything I do and let everyone see how I'm doing it, because, more important than doing well is being transparent about what you're doing. I think openness is more important than performance.

Cramer: Maybe I'm old fashioned, Buzz, but you haven't done that well so I don't know if I'd want to know what you're up to, and what matters is how much money you make, not what it looks like when you're doing it.

Buzz: You are one bald knucklehead, you Cue ball, you. I'm going to use the Web site to drum up assets in a way you won't believe. I'm going to charge you to come to my Web site to watch me trade, and you can only watch if you put money in my fund.

Cramer: First, nobody can charge for anything on the Web, except pornography. Second, who cares? You're still a losing manager -- losing fortunes gunning tech into the ground, playing with options, overtrading the QQQs constantly and on the wrong side of semi equipment, gold, software and biotech. Who wants to watch you enter stupid orders to buy the wrong stocks and take your fund to zero?

Buzz: Not me, Old Baldy. No one will be watching me. They will be watching my 'traders' who work for me during the day and work at some local establishments you may have heard of in town at night, Scores, Tens, the Bada Bing Club in Jersey. That's who they will be watching. Step into my trading new transparent trading room for a moment and take a look at my trading desk.

Buzz then escorts me into his trading room. I can't believe what I see. Four women dressed in outfits that look like they are from Survivor, one less scantily clad than the other, sitting around a horseshoe trading desk, with Buzz's seat facing them. . "Meet my traders," Buzz says, "Meet Monica, Erica, Rita and Sondra." Buzz grabs the Webcam, puts it on his head and sits down facing all of them. He adjusts his mike and yells out, "Monica, take the 10,000 QQQs 47 limit," and Monica springs right into action. "Rita, buy some QQQ calls, I want more exposure to the QQQs and you Sondra, sell the QQQ puts, that's will be a winner."

Suddenly the place is one big whhrrrr of activity and the monitor, which is www.SecondHandFunds.com, is awash with images of the four traders entering orders.

Buzz smiles at me. "Crames Baby, what do you think, will this Open Fund rock or what?"

thestreet.com