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


To: Robert Graham who wrote (231)6/20/1998 11:24:00 AM
From: Stevie  Respond to of 1254
 
JIM CRAMER...READ THIS!!
Hi Jim..First of all..the hell with all these people that dont like you. I love ya!!
Your fun to watch..intense..and you really put your heart into what you do.
And thats what a professional should be..and your the best!!

From your CNBC appearance the other day..I know your long on Cendant..and its my favorite stock..and I've been buying all i can at these levels.
I've done alot of research on it..and on the Cendant SI thread at

www2.techstocks.com

At my post number 861 I show a few things that I've come up with that many might have missed..and it shows how big this company is gonna be...and how they are using crossselling and the internet to great use.
Check it out..I know you got burned on em when they fell..but personally I see an unreal value at this level..and my post shows just some reasons why.

Keep up the great work Jim.

Regards
Steve



To: Robert Graham who wrote (231)6/21/1998 11:34:00 PM
From: Pancho Villa  Respond to of 1254
 
I agree. Mr. Cramer puts out a lot of personal irrelevant BS out but also good stuff. However, sometimes he writes before he thinks/checks the facts. On Friday he wrote this about Buffet's latest move:

"On the heels of an ugly day, what could be more bullish than a giant acquisition of a financial company, a pure play on the bond market, by Berkshire Hathaway (BRKA:NYSE)? Wow, this one will be awfully hard for bond and stock bears to swallow.

If all stocks are expensive, how could Warren Buffett pay this kind of premium for General Re (GRN:NYSE)? If bonds are expensive, how could Buffett buy a huge bond owner? If insurance stocks are deflationary plays, how can Buffett buy GenRe unless he believes in the long-term deflationary scenario?

I am sure there is a way to paint this one as negative for the market that I haven't thought of, but I regarded it as a massive positive stunner -- the type of news that caused me to scramble to see if I could get more exposure out of stocks by exercising calls that I might have left to go out worthless."

I guess he didn't bother checking Mr. Buffet paid for GRN using his own inflated stock. IMo this fact makes Mr. Cramer's comment irrelevant.

Pancho