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To: John Carragher who wrote (141724)3/1/2006 2:37:29 PM
From: Clarksterh  Read Replies (1) | Respond to of 152472
 
Greenberg and cramer are questionable imo. greenberg has made runs at companies before. i remember he was tied to a short firm in boston that held a very large short position in cree years ago. for about four years greenberg kept putting out negative stuff on cree. greenberg finally moved on.

This is a little bit unfair to the short side. If a long institution tells you a bunch of true and good things about the company it is certainly not illegal. Same should be true of shorts. Both bias the information but as long as it isn't untrue info it is, and probably should be, legal.

JMO.

Clark



To: John Carragher who wrote (141724)3/1/2006 2:51:19 PM
From: Jim Mullens  Respond to of 152472
 
John, Jon, Hedge, Clark, Re: Cramer, etc.

Me too think they protest too much. IMO, Cramer has been treading of shaky ground for a long time, having the luxury of having the NY AG as a close buddy.

Re: “This is a little bit unfair to the short side. If a long institution tells you a bunch of true and good things about the company it is certainly not illegal. Same should be true of shorts. Both bias the information but as long as it isn't untrue info it is, and probably should be, legal.”

No problem with that, it works both ways. The problem IMO is when the “journalists” work “hand-in hand” with the hedgefunds / manipulators (long or short) to influence the price of a stock and bucks change hands in aiding such manipulation.

I've thought for a long time that the SEC should look into CNBC / Cramer / the "journalist" community and how they "influence the market by following the money trail.

It's a difficult task with the freedom of the press, etc. I hope Cox doesn't fall to the "political" pressures and back-off entirely.

In Cramer’s case, It's hard for me to believe that some of Cramer's friends don't get wind of what he's hyping before hand, and make / perhaps share a few bucks resulting from such. What did they call it during the 50's, involving the record industry (payola)?