Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Starduster who wrote (8319)	1/4/1998 10:29:00 PM
From: Tim J. Flick	Read Replies (2) \| Respond to of 31646

To all TPRO faithful... New Years Resolutions. I took the liberty to clip these new years resolutions that James Cramer posted on The Street.com. This is a great service and is well worth the pennies per day. Pay attention to resolution #9. This is written for the hard DD fact finders.. CK, Jack, Skip.. TM..DOC.. this is for you and your faith will be rewarded. Good luck in 98. Wrong! Rear Echelon Revelations: Cramer's New Year's Resolutions By James J. Cramer 1/3/98 12:30 AM ET Everyone else is making them, so I guess I should. First: Don't fall in love with stocks. I was in love with Seagate and it betrayed me so many times that I felt like Carrie at the end of our relationship. Two: Don't listen to those out there who want rigidity instead of flexibility. If something isn't working, change it. Don't be afraid to look stupid or inconsistent. Fundamentals do change. Three: Don't be afraid to go short into a short squeeze provided that you know the company's fundamentals are deteriorating. Use puts if you have to, but regard the phony rally as an opportunity, not as something to fear. Four: Just 'cause someone says it on TV -- including me -- doesn't mean it is right. When people come on television they do their best to convince, even if they don't know what they are talking about. I know I try hard to avoid this trap, and I do my homework. Most don't, so don't put your trust in them. Five: Re-examine every thesis and constantly put this to the test. Last year I believed the companies I talked to when they said not to worry about East Asia. It took Good Morning America's Charlie Gibson as well as Jeff, to cause me to re-examine that thesis and make me realize how Wrong it was. Six: Be thicker-skinned about the critics, most of whom don't get it anyway. Seven: Take more vacation, especially when your head is not clear about what to do. That usually is a sign that you have been at it too long. Eight: Learn a new market or a new group every month so that you are never flummoxed that there is nothing to buy or sell. Nine: Don't be so quick to give up on a hard-studied, hard-earned thesis. One look at my Dad's account -- he doesn't sell things easily -- showed that a lot of the good work I did I gave up on before it came to fruition. Ten: Keep your eyes open; great ideas are everywhere except on your computer screen; those represent only your tired old ideas and not the hot, exciting new ones!!!! James J. Cramer is manager of a hedge fund and co-chairman of TheStreet.com. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Mr. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he welcomes your feedback, emailed to Jjc@Jjcramerco.com. c 1998 TheStreet.com, All Rights Reserved.