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

To: BelowTheCrowd who wrote (15280)	11/12/1998 12:57:00 AM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 18691

The difference between Roger and Cramer is that Cramer is in a position to influence the direction of the market for many issues. Roger is just a guy with an opinion. Hmm. Ask the people on the Cramer thread just how much influence Cramer had on the market's direction on October 8th. I seriously think you give him way, way too much credit/blame for the upward spiral in the Net stocks. (Especially the "faux" ones such as KTEL, whose rise he claims to be an indication to back off Net stocks in general.) Cramer's disclaimer only mentions his positions at the moment of publication because his columns often as not reflect only what Cramer was thinking at that moment. Read that sidebar on getting a handle on his writings if that isn't clear enough to you. You also left out an important part of Cramer's disclaimer in your earlier post: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. Sure, there will be people who ignore that part of the disclaimer and act rashly on what he says in the column, but how exactly can that be helped? On the short side, Asensio is just as bad. Shorts things, then issues a press release, knowing full well that his press releases can take 50% off a stock overnight. Asensio has a superlative track record on short sale calls. As a result, he has attracted such a large following that anything he might have to say can temporarily overwhelm the market of a single stock. Is this something to fault Asensio for? Is it wrong to be right too often? People like Cramer and Asensio have influence for no other reason than people believe that they know what they are talking about. If people can get shut up for having that quality, it's little wonder there is so much mediocrity in the financial press these days.