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

To: Pancho Villa who wrote (705)	10/1/1998 9:51:00 AM
From: taxikid	Read Replies (1) \| Respond to of 1254

yeah well. i did not wish misfortune on him.. he needs more than competent journalists. taxi

To: Pancho Villa who wrote (705)	10/1/1998 10:49:00 AM
From: Michael Elizabeth Chastain	Read Replies (2) \| Respond to of 1254

Short LEH the guy likes it! I believe you are misreading his column. He's intrigued by it. Maybe he does like it. But he's not buying it. He said so in so many words: "You can't buy LEH here." Go ahead and short the stuff he actually does buy: DELL, INTC, MSFT, WCOM, LU. Or the stuff in the buy-and-hold half of his portfolio: all those little regional banks that are getting takeover bids. I went through all his columns since Day 1 and looked at the charts of all the stocks he talked about, liked, disliked, and the stocks he says he actually bought and sold. It's not perfect but it's not a "contrarian indicator" either. By the way, _Financial Trader_ wrote an article on him in February 1998 that included performance results for Cramer Berkowitz. Cramer Berkowitz has beaten the S&P 500 every year since 1988. They have beaten the DJIA every year since 1988, except for 1994, when they tied it. They have shown a positive return every year since 1988. ftrader.com "Every year" includes 1990 and 1994. And Cramer is very leary of margin and rarely uses it (he uses a lot of leverage but very little margin). So even if he's ever massively wrong, which is not likely, he's not going to be squeezed out of business.