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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (33)	5/29/1998 12:14:00 PM
From: fred douglas liebling	Respond to of 1254

Michelle, Cramer got excited about Peoplesoft, bought it, and then expressed disappointment when earings came out. He correctly said that the high PE couldn't be sustained with the recent earnings report. He was right about how the street would react to the stock, and gave me the impetus to get out with most of my profit intact. There is no other figure on Wall Street, even those who have been right about the markets for the last few years, giving so much valuable insight. If you observe what he's doing, you'll find that his words are in synch with what the markets do. fred

To: Lizzie Tudor who wrote (33)	5/29/1998 3:11:00 PM
From: ftth	Read Replies (1) \| Respond to of 1254

Bull: Yeah but why do you really hate him? And why did you just drop the match and run? "Taking advantage of the greed and gullibility of novice investors" is done all the time right here on SI. What makes the Cramester stand out in that regard? People want the easy answer to the fast buck. Look how many people on SI latch on to someone that makes one or two lucky picks in a row as if they were some genius. These folks then buy anything this person says, yet the person they're following is just a name with an unknown agenda and unknown credibility. Listen to some of the people that call in to the CNBC comedy hour (Buy, Sell, or Hold). These people actually believe the person they're asking really knows what's going to happen with the stock. At least Cramer doesn't stoop to that level. Some of the B/S/H guest hosts are so full of themselves they probably actually believe they're doing these people a service. Yet, they leave these people with just part of an answer. They don't ever discuss the criteria for the other side of the trade they're recommending. As for "unbiased market commentary," there's no such thing. Any forecast involves opinions, biases, and judgement calls. Listening to a market commentary in any other light is terribly misguided. If people would just take responsibility for their own actions, rather than trying to blame someone else for causing their failure, maybe they'd learn enough from it to prevent it from happening in the future. Naw, that'd take too much work. Much easier just to latch on to someone new, then blame them for the next failure. So why do you really hate him? The reasons you give are far from unique, so they don't justify the hatred. Ohhhhhhhhhhhhhhh, I know. You're really Jimmy Rogers, AREN'T YOU!! dh