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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TGPTNDR who wrote (152898)	10/6/2002 3:20:49 PM
From: tejek	Read Replies (1) \| Respond to of 1571927

Ted, Re: < This article needs to be repeated and repeated.> How many times have I told you that if you pay attention to Buchannan you'll find a lot to like. tgp, yes, you were right. I caught one of his rants once and have been turned off ever since. This article has changed all that. I am amazed how well he gets it. He truly thinks for himself without party guidelines to prompt him. Very impressive! ted

To: TGPTNDR who wrote (152898)	10/9/2002 3:03:34 PM
From: tejek	Respond to of 1571927

Now if we can only figure out which penny stocks will make it and which ones won't.......we could make a fortune. SLR for a buck fifty, CNXT for pennies..........very strange! EDIT. JPM got a downgrade and is trading at $15......I wonder if this one is on its way to becoming a penny stock. ;~)) _________________________________________________ No Price Is Too Low for Some Sellers By James J. Cramer 10/09/2002 02:29 PM EDT Is there any price at which some merchandise won't be sold? One of the new wrinkles of this bear market is that stocks get to levels that are simply off-the-charts bad, and then keep getting sold. For example, who the heck would sell Charter Communications (CHTR:Nasdaq - news - commentary - research - analysis) at $1? Isn't that worth holding on to, just as a lottery ticket that Paul Allen might cash in for you? Or Solectron (SLR:NYSE - news - commentary - research - analysis)? Who sells Solectron for a buck? The answer is everybody. I got a call this morning from my Merrill Lynch broker, where my Action Alerts PLUS account is. They have multiple seven-figure lots of Conexant (CNXT:Nasdaq - news - commentary - research - analysis) for sale. Huh? At 56 cents, what's the point? Who is doing the selling? Some of it is portfolio turnover. Portfolio managers are being fired or laid off left and right and their portfolios are immediately cashiered by new managers. Some of it is hedge funds giving up and sending shares back to investors who don't care about where they sell them. Some of it is mutual funds that don't want to own low single-digit stocks on principle. Whatever. It is a new wrinkle in the market and unless a company has capital to buy back shares, a stock gets taken to levels that only bankrupt stocks ever got to before this. Oddly, I no longer think that stocks selling for a dollar necessarily are a precursor to bankruptcy. There is enough mutual fund "flux," to use a kind word for what's happening out there, that some of these stocks are going to make it. We just have to find which ones. -------------------------------------------------------------------------------- James J. Cramer is a director and co-founder of TheStreet.com.