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Commentary : Wrong! Dispatches from the Front
What Did They Know and When Did They Know It?
By James J. Cramer

Originally posted at 4:44 PM ET 10/5/00 on RealMoney.com


Still reeling. Still nauseated by the gaffing that was priceline.com (PCLN:Nasdaq - news).

Still wanting to know when they knew that the customers hated shopping online for groceries. When did they know it? When did they realize that there was something so dreadfully wrong that they had to pull the plug?

And why did they make such a big deal about the yard sales and the gasoline buying?

They went on television. Heck they did a television blitz. They made us all feel as if everyone were doing this!!

Was it a charade? What was going on? Why did not one of these hallowed souls tell us that the grocery thing wasn't working? Why didn't they tell us before? Why did they do all of these transactions? What did they promise to all of the buyers?

What the heck happened here?

I can't emphasize to you just how "had" everybody who has brushed up against these guys now feels.

Just had.

Still steamed. Still reeling.

Totally unacceptable.



James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stock mentioned. 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 James J. Cramer .
Send letters to the editor to letters@thestreet.com.
Read our conflicts and disclosure policy.
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