Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : James Cramer -- Ignore unavailable to you. Want to Upgrade?

To: Adam Weiner who wrote (464)	5/3/1999 12:22:00 AM
From: Stocker	Read Replies (1) \| Respond to of 766

He's a "trader" man!!!! - not as much a long term investor (his portfolio is about 50% trading/50% long-term if remember right). Can tell you don't know jack about how the game works. Lots of traders would have bought PAIR not even having seen the bogus story. All that matters is that the price is moving. And, anybody could have been caught in that trade. Just part of the way it is. You're going to have some real dud trades that move away from you right off the bat, that are based on bogus news, or where you misinterpret the info, whatever. Who are you anyway, "the smart money"??? Tell me, how many shares of PAIR did you short when you heard the story was a dud?? Funniest part of all this is that no one would ever see a mea culpa on your investing/trading, nor on most other fund managers either. In the end it's the guy who looks back at his mistakes that doesn't make them again. It's great that Cramer shares that with his readers. That's what subscribers would be paying him for!! By the way, as a fund manager, you don't scan stock boards looking for news, that's what you pay Bloomberg/Reuters and gazillion $$$/month for. Cramer likely heard that PAIR was on the move from a sell side broker, then jumped in.