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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: MileHigh who wrote (16708)2/26/1999 11:21:00 AM
From: Gary Wisdom  Read Replies (2) | Respond to of 93625
 
Don't know where the bottom is, but bought a ton today. Rambus is so frustrating. It never hurts to ever sell it in a rally. It ALWAYS retraces. Just sad. Sold everything over $79 and have been a buyer every single day since then. Bought back too soon obviously. What is wrong with these analysts? they upgrade a stock and then just let it make them look stupid within days. Guess they dumped their stock too.



To: MileHigh who wrote (16708)2/26/1999 11:48:00 AM
From: jopawa  Read Replies (2) | Respond to of 93625
 
----OT CRAMER---

Cramer's response to the revelations in the NY Times

Random musings: If you live in a fishbowl, you have to expect that periodically someone will drop a hammerhead or two into the aquarium.

This morning's New York Times contains a less-than-flattering portrayal of me and my "slump" from last year, a slump which, by the way, I chronicled much better in my four-part series about how I blew the bottom in October as well as in several abject appearances on CNBC's "Squawk Box," where I revealed that 1998 was one of the tougher years in my 20 years of investing and trading. The Times used private correspondence of mine to my partners, something I wish it had not done, but pretty much every aspect of my financial life is now public, so if I can't stand the Jenn-Air, I better sell the Maytag. It embarrassed me. I have been embarrassed before, and I will be embarrassed again. That comes with the territory I have carved out.

So, if I was in a slump for a few months that put me behind the averages, why should you bother reading me? Am I just another empty talking head, overstretched by a public persona with nothing to offer you? Let's go over these opinions.

First, I don't write my column to recommend stocks or to tell you what to do. I write it as a window to the otherwise closed world of hedge fund trading. I certainly don't write it for you to mimic me because, alas, I am human and I make mistakes. I have learned that much in life. I also don't write this column to get you to invest with me. I don't want the regulators to regard my column as a selling document for my fund, so I stay away from giving you my results.

I will always do so. When I have good numbers or bad. I don't write to gloat about '97 or to gripe about '98. I don't write to cry on your shoulders or shout about my prowess. I write to illuminate and to entertain and to help.

I don't write the column to hype my stocks. That's the reason, I won't go into my small-caps because I don't want to influence the trading of them. That's why I talk about National Gift Wrap instead of my small-cap holdings. I wrote about my small-caps I liked once before, in SmartMoney in 1995, and the magazine did not disclose my positions properly. The stocks went up and went back down and I sold none. But a guy who has never had a single brush with the law, who has never even had a traffic ticket -- heck, a parking ticket -- got stuck in the financial scofflaw hall of fame as a tout, and I have been trying to live that down ever since. I don't want to go back there.

Unlike most other financial commentators, I write about my mistakes, including those I made last year and last month and yesterday, for that matter. I write about them because I don't want you to make them. I want you to do better than me. I will have streaks, and I will have slumps. I will hit it out of the park, and I will strike out. If I can help you get on base more and strike out less, I will have value.

Ultimately, what matters is the marketplace of ideas. If you don't like my column or it does not help or inform, you will stop reading it. You will move on to someone else's stuff. If it's good, you'll stay. Pretty simple equation.

Last night when I told my wife that the papers were going to put a bad light on my performance during a tough couple of months, she put things in the right perspective: "You have had some good press lately, now you are due for some hits. Take it like a man and move on.

Good advice from the Trading Goddess, as always.




James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. 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. While he cannot provide investment advice or recommendations, he invites you to comment on his column by sending a letter to TheStreet.com.