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

To: Carmine Cammarosano who wrote (868)	10/20/1998 8:52:00 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 1254

Carmine, Read up on a few other "disaster" stories regarding other Wall Street gurus. I'll start you off with a few really big names: Ralph Acampora of Prudential Securities(?) Elaine Garzarelli, stock newsletter author and former Wall Street wizard Joe Granville (sp?), stock newsletter writer Garrett Van Waggoner (sp?), stock fund manager, Wall Street wizard Carlton Lutts, Cabot Market Letter The point is that Cramer's published wrong call puts him in some very good company. I understand that some people react very negatively to the man's persona, but over time, his market views and industry calls have been pretty accurate. Because of his personality, people tend to accentuate his mistakes, while failing to acknowledge his accomplishments. KJC

To: Carmine Cammarosano who wrote (868)	10/21/1998 12:36:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 1254

"but selling at the bottom was an absolute disaster" Why is selling the bottom a disaster? "something I would not imagine anyone could make." You have been in the market only a few weeks, haven't you? <g> For every buyer at the bottom, there was a seller. "Mr Cramer goes on TV and on the internet and gives advise," Sure. What advice would that be? Hmm, it seems to me that most of his advice is to learn as much as you can about how the market operates. He gives examples of what he does for illustration. "what I saw was someone running out of fear!" I hope you learned something from it. It was a valuable lesson. Someday it will be you, unless you're not cognizant of reality. BTW, it was a very good day to be scared. Barb