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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (15262)	11/10/1998 3:19:00 PM
From: Greg Jung	Respond to of 18691

If anybody is posting at Cramer's Yahoo session, challenge him to print his internet stock certificates and lock them in safe-depo box for a year.

To: Roger A. Babb who wrote (15262)	11/10/1998 3:20:00 PM
From: BelowTheCrowd	Read Replies (2) \| Respond to of 18691

Roger, Yeah, I saw that Cramer piece. I could dissect it, but I'll zero in on the simple statement at the end. > At the time of publication, the fund was long Amazon.com, AOL, Yahoo and Lycos, although positions may change at any time. Which is the crux of the issue with Cramer. He buys positions in low-float issues, hypes them no end, and undoubtedly will get out of them before he publishes the column indicating that "the run is over." The strategy -- as far as I can tell -- is "I'll buy net issues, then use my considerable influence in the online investment community to hype them further." He knows that the online day-trader have a huge influence on those issues, and has a pretty neat way of driving the market and profiting from it. A very profitable business if you can get it. IMO, his behaviour in this regard is absolutely abominable. Worse than all the street analysts put together. Most of them at least have some sort of restrictions on when they can buy or sell a stock that they cover. Imagine what would happen if one of them admitted -- as Cramer does -- that he bought a position THE DAY BEFORE issuing a table-pounding positive report. Even the worst of the Wall Street brokerages would see that as a clear conflict. Cramer does it every day. And his statement that "the net is a lifestyle" just won't stand the test of time. Maybe it's a lifestyle to people like Cramer who prefer not to emerge from their little holes. For most people it's -- at best -- one element of their lives and not the most important one. I tend to agree with Gates on this one. The "internet lifestyle" won't become a reality until we all use the net rather transparently, without thinking about it. When the net is no more "hot" than a new TV show, movie, or shopping mall. (And conversely, when it's valued accordingly.) Don't know when that'll happen either. But I would guess that Cramer will be long gone by then. mg mg