The point of what we are trying to do here sometimes gets lost, even among our fellow media services.
Take yesterday. I had a
column on how the Street loves Richard Belluzzo from way back when he was at
. I knew from
story that Belluzzo wasn't leaving
just to go to
. I knew he was going to head the software giant's Internet division. I put the two and two together that a manager has to and said that this story means good things for Microsoft's Net spinoff. I wasn't alone.
I knew a half-dozen managers who agreed with me. I shared this judgment with the site immediately.
The stock is now up 10 points. That's a humongo move on Mister Softee.
But when I saw all of the accounts of this move, the gain was linked to some totally unimportant appeals-court battle with
. (Sun didn't even get hit on the news. And 10 points in Mister Softee would translate into a heck of a lot of Sun points.)
Lately it has been driving me crazy when I hear so many of our ideas pilfered by others without attribution. But this wrong-headed extrapolation of a stock move really galls me.
OK, I have vented.
You, the reader, are the winner. You get to take advantage of the correct spin even as others get it wrong. I guess that has to be enough for me. It's beyond me how all of these other news organizations can simply avoid citing us, but whoever said life was fair?
At any give time, we have about 150,000 people looking at us, from paid to
subscribers. Three years ago, that would have been 1,500 paid and trial subscribers. Sorry for the confusion
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Silicon Graphics and Microsoft. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. 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 at