Cramer Gets a Subpoena
When I saw Herb Greenberg and Jim Cramer talking today about how they received a subpoena from the government relating to their comments on Overstock.com, I snickered to myself. I am guilty of the same ideas. I said in a recent post that this stock is going down and I explained the CEO's complaints about alleged short-selling of their stock which is normally done by international mobsters. http://www.jimcramerblog.com/2006/02/overstock-and-mafia.html
There is absolutely no reason why these two distinguished journalists should be put in a situation where they may go to jail for voicing their opinion on a stock. They are both completely qualified, and in my opinion, they are both correct about the stock. The CEO is probably tired of pushing his idea of naked short selling and is now moving to journalists comments to explain why his stock price is in the toilet. The bottom line is, the company's loses are growing quarter over quarter and the company is in trouble.
There is absolutely no reason why these two distinguished journalists should be put in a situation where they may go to jail for voicing their opinion on a stock. They are both completely qualified, and in my opinion, they are both correct about the stock. The CEO is probably tired of pushing his idea of naked short selling and is now moving to journalists comments to explain why his stock price is in the toilet. The bottom line is, the company's loses are growing quarter over quarter and the company is in trouble.
posted by Stock Administrator @ 4:32 PM
4 Comments:
At 11:51 PM ,
fraggenboots said...
i think your comment begs ... no demands a reparte. Sure journalists are allowed to voice their opinions; this is America the last time that I checked. However, when the journalists in question belong or at one time belong to TSMC. When one looks at the major shareholders of TSMC, it is none other than Rocker et al. When one looks at Rocker's 10F and notes that Rocker's position on OSTK has been short, it does not take a rocket scientist to figure out that TSMC's complicity with their lambasting of OSTK without acknowledging any relationship with Rocker would be not totally on the up-and-up. As such, it is totally correct and proper for SEC to investigate any such allegation even if there is shenanigans on OSTK's part. The other five companies lambasted by TSCM and which are in line with Rocker's position and not given proper credit would be a high statistical improbability that it would come about by chance alone.
At 1:57 PM ,
JMOLY said...
On page 146 of Jim's book he lists the E-mail address for stocks under ten dollars as: www.thestreet.com/stocksunderten. I tried this and couldn't find the information. Is this still available?
At 12:15 PM ,
Anonymous said...
I am having the same problem...can someone please tell us where we can find Cramers stocks under ten.
Thanks
At 3:53 PM ,
scott said...
you have to subscribe for the stocks under 10. If you go to the street.com look on the left hand column under subscription services and it will be there. He did mentioned it in his book and I tried to get to it to but I'm not paying him anymore money.
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