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To: Bill Harmond who wrote (60778)6/5/1999 3:06:00 PM
From: -  Read Replies (1) | Respond to of 164684
 
Keith,

Exactly - I find it not surprising that Cramer has thrown in the towel right at the bottom, predicting further carnage, downgrades, etc. The guy just cleaned up for $250M personally by taking his website public, and he doesn't even believe in internet stocks.

He has a history of selling out at the bottom - he did last year right at the bottom in the fall. Check out the expose' articles about him in NY Times, Bear-uns, etc. His Hedge Fund returned a grand 2% last year, in a rip-roaring year! Really Cramer does not appear to have proved himself as a true $250M hedge-fund scale trader - historically, he has been employed as a long-term, small-cap investor style of hedge fund manager, and a talented journalist. He admittedly trades his big stock and options gambles almost exclusively off of rumors and "legal" inside information from his pals on Wall St. Incredibly, for a guy who calls himself "the Trader", he does not "believe in" charting or T.A. black-magic. Go figure!

I find his columns excellent, educational and very entertaining, though. Of course, he's laughing all the way to the bank and we're all paying him $10/month for his Billion Dollar website!

-Steve



To: Bill Harmond who wrote (60778)6/5/1999 6:43:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
William, the other thing Keith Benjamin has going for him is, he's another one that's recommending what people should be doing their own $money. If he had a dime of his own $money in the "thing"?, then that's when he'd get my attention.
Ps
What I great day, I hurt my right hand last Thurs, so I couldn't play golf. Today I just played couch potato.
I watched Graff & Higgnis, French Open (the best tennis I've ever seen), then I watched the memorial open (Tiger is up by one, Do you know he was a La Costa boy?), and then there was the Belmont. Oh, I love that competitive Chrismatic:-(((((