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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Kim who wrote (2382)	8/14/2002 11:55:57 AM
From: Proud_Infidel	Read Replies (3) \| Respond to of 25522

Bob, Did you ever see the list of the 10 "Must Own" companies Cramer put out early in 2000? I believe all but three of them have gone belly up since this article. He is the poster child for arrogance and ignorance IMHO. So basically, if you can recommend a stock and it doesn't go bankrupt within a year, you have probably outperformed Cramer:-) "We feel obliged to point out the outrageously wrong forecasts of analyst Jim Cramer. At the 5th Annual Internet and Electronic Commerce Conference in New York on February 29, 2000, Cramer said, "You want my top 10 stocks for who is going to make it in the new world?" Cramer then insisted on listing the entire group as if offering the rarest gems. The list included Ariba, Digital Island, Exodus Communications, Infospace, Inktomi, Mercury Interactive, Verisign, and Veritas. Cramer concluded by claiming he loved his list so much he would rather not own any other stocks. Just eight trading days later the Nasdaq peaked and crashed. Ariba, Infosapce, Digital Island, and Exodus are down more than 90%. The best performer in Cramer's list, Mercury Interactive, has lost 'only' 38%." streetsmartreport.com BTW, thx for the post on Cramer. If people truly knew his track record and his patterns of dishonesty, he would not make regular appearances on television and have his own show. At least I hope not. Regards, Brian