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Strategies & Market Trends : Jim Rogers -- Investment Biker -- Ignore unavailable to you. Want to Upgrade?

To: Steve Antonelli who wrote (49)	2/8/1998 12:58:00 PM
From: ferdc	Respond to of 213

Steve: This article was discussed in previous posts already. regards, ferdc

To: Steve Antonelli who wrote (49)	2/8/1998 7:44:00 PM
From: Thomas M.	Respond to of 213

#reply-3225357 Tom

To: Steve Antonelli who wrote (49)	2/9/1998 11:22:00 PM
From: craig crawford	Read Replies (2) \| Respond to of 213

<< I agree with Cramer's opinion on the mighty Jimmy Rogers. Anyone else care to comment? >> Sure, I'll comment. Cramer is smart and entertaining, but he can also be a pompous, self-righteous ass. He loves to dish out criticism but rarely can take it. Sure, he will point out when he was wrong sometimes, but he will do it on his own terms and he has to do it his own way. He can't handle criticism from others. He is at times totally hypocritical as well. Cramer loves to point out how pathetic most of the Barron's roundtable participants are, saying that they would have "blown you out of the water" or lost you a ton of dough. One of his favorites to insult is Jim Rogers. He says that Jim argues his positions with anger and with the logic of a 3 year old. Have you ever seen Cramer jump up and down on CNBC like an ape? You tell me who acts like the 3 year old. (I have to admit he is entertaining). Cramer likes to point out that Barron's won't properly calculate Jimmy's or the others return and they aren't worthy of being invited back to the roundtable. Obviously Cramer is just upset that he isn't ever invited. Cramer just loves to rip apart everyone's picks that they must be stuck with for the whole year. Yet he changes his mind faster than his underwear on his own site. Do you remember Cramer ranting about Dow 9000 by Labor day? Then after October he got bearish on tech. Wouldn't touch it. Then he went mildy bullish on tech, expecting a year end rally. Didn't happen, so he sat with Ron Insana on Christmas eve and said, "sell the rally". A couple of weeks later he was back to being bullish. Like I said before, Cramer gets to change his mind every week while the participants of the roundtable must stand by their picks for the whole year. Does anybody remember what Cramer was saying at the beginning of the year? I believe in January he said something to the effect of "the all time greats like the Intels, Ciscos, and 3Coms. Well let's just review what Cramer did during 1997. He sure sounded like he was long COMS at the beginning of the year, yet later he turned around and shorted it. Intel? I remember when Intel was in the 90's last summer Cramer was saying on CNBC "I hope I get a chance to get long Intel before their numbers come out". Well Intel dropped a little so I assume that he went long like he said he was going to do. INTC missed their number, disappointed the street and started it's slide to the upper 60's. Nice call Cramer. Of course he proceeded to flop like a fish when shortly thereafter he proclaimed that he didn't like INTC. Going full circle, he switched his position one more time and now he loves Intel again. Shall we move onto Ascend? In his year end review for 1997 he listed riding down Ascend from 73 to 53 as one of his top 10 mistakes. On the other hand he also said he was smart enough to not ride it down from 53 to 23. Problem is, he had another column at the end of August archive.thestreet.com where he shows his frustration with Ascend by saying that he banned it from the trading ledger. In this column he said he rode it down 25 points (not 20 like in the later one) and said that he couldn't take anymore pain from Ascend after riding it down, shorting it and having it rally on him, and then going long and losing once again. Here is his quote: "That was twelve points ago. I gave up on the scale Tuesday and kicked the stock to kingdom come". Ascend was in the low 40's when he wrote this, yet he claimed in his year end review that he didn't ride it down from 53 to 23. What he didn't point out is that he did continue to ride it down to the 40's and rode it down to probably the equivalent of 23 by shorting it and losing that way too. Further eroding his credibility, in that same column he said, "Now ASND joins the hallowed list of stocks that must never again be traded by me". Well, well, well. He went from long to short to back to long to swearing off ASND for good. Just recently in a Yahoo chat he said he went long ASND again after his permanent trading ban. Flip, flop, flip, flop. Cramer was long Cabletron in 1997, I wonder how that would have looked if he was stuck with that for his roundtable pick. Of course he saw the error of his ways and got out of the stock before it totally went down the toilet. Novell? Don't bring up that "roundtable" pick of his, that was another disaster. Seagate? He blasted some poor guy on the roundtable for picking that stock yet he got burned on that stock in 1997. I remember he bought some in the mid 30's the day before they warned for the second time. Of course Cramer spared himself the pain of riding it all the way down, but he didn't spare any criticism towards whoever that guy who recommended them in Barron's. Of course Cramer is allowed to change direction like the wind but the guys in Barron's are stuck with their positions for the whole year. Barron's mentions the peaks of their picks during the year and this just drives Cramer up the wall. Yet his highness is allowed to blow out Cisco in third market trading one day saying that he didn't like things he read in the 10Q, and then the next day or two jump right back in, hopping up and down on CNBC about how CSCO is the only way to play the explosion in bandwith. Cramer wrote a column trashing Jim Grant for claiming he was "early" on Japan when on the other hand I recall Cramer taking out a full page ad in IBD a long time ago claiming he "called the bottom" in Japan. Trouble is the Nikkei slid a few thousand points after that ad. Give me a break Cramer. Let Mr. Rogers and his friends change the directions of their roundtable picks every hour like you do and see how they stack up. Or better yet why don't you just list your top 10 picks and see how they do at the end of 1998 compared to the roundtable. No trading, you have to stick with your picks for the whole year. Then we will see who deserves a little criticism. Lay it on us Mr. Cramer. Let's hear Y-O-U-R roundtable picks for the next year.