SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (1075)12/15/1998 1:36:00 AM
From: mr.mark  Read Replies (3) | Respond to of 1254
 
is this man beginning to sound like bill clinton?

(from 12/14/98, by cramer.)

"You will not see me on CNBC's
"Squawk Box" on Wednesday, pending a review of the
WavePhore (WAVO:Nasdaq) controversy.

In my zeal to demonstrate how a short squeeze works, I
made it a point on the morning of the show to find out if
WAVO shares could be borrowed. I had no intention of
shorting WAVO; I just wanted to demonstrate that it could
not be borrowed and was therefore subject to a short
squeeze that could explain some of the stock's behavior of
late. I had my firm check to see if it could be borrowed so I
could be a more effective co-host, as I never intended to
trade the stock. I was just doing my job as a communicator
of what is going on out there. The controversy is being
reviewed by CNBC. Until the review is finished, you should
not expect me on "Squawk" again.

I learned of this action this morning, and after telling my dad,
who knows I am on every other week and was expecting to
see me, I am now telling members of the site.

I remain confident that, having not shorted WAVO nor having
done anything else with the stock, I will be vindicated and be
back on CNBC. I do love the show and am very
disappointed. I do hope that I can be a part of it again."


yeah, sure. btw, i didn't know cramer did contrite. not a very good fit, i must say.

good move on CNBC's part.