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

To: Spartex who wrote (997)	12/2/1998 11:11:00 PM
From: Michael Elizabeth Chastain	Read Replies (2) \| Respond to of 1254

I think the market action in Internet stocks looks like a Quentin Tarantino movie. Too many people with too many guns on too many trigger fingers, and too much nervousness, and there is a lot of money in the room, too. (Imagine Cramer and Berkowitz in a remake of _From Dusk to Dawn_ ...) If you go long, you can get burned. If you go short, you can get annihilated. But here is the important point: with all that volatility, a pro can get crushed as easily as an amateur. I think that's why the pros hate these stocks. A lot of their professional advantages go away when they have to trade 17-black.com and 23-red.com. They would rather be in places where they have an edge, not a place where anything can happen any day. On another point, I think Mr. Cramer is absolutely right that lots of people in the market underestimate the work it takes to design and implement a first class web site. It's like radio or television or newspapers or any other medium! There is a lot of technical work and a lot of design work that users don't even notice when it's done right.