Barron's featured a cover story (subscription required) on the performance of Jim Cramer's stock picks essentially classified Cramer as one big short opportunity. Understandably, the brains at TheStreet.com (NASDAQ: TSCM) were offended and came back strong.

James Altucher wrote a powerful article which appeared on TheStreet.com Wednesday. This article managed to destroy Barron's anti-Cramer arguments, in my opinion. Through legitimate backtesting (following Cramer's recommendations -- wait 5-10 days, etc.), Altucher found that Cramer actually managed to outperform the market.

However, I had one issue with Altucher's article. While he was perfectly justified in disputing their use of the Friday close in their performance tracking, I think the one month holding period is way too short for many of Barron's ideas to materialize. Unlike Cramer, they are a much more long-term oriented crowd focused primarily on valuation. As a result, I'd argue a one-year holding period makes much more sense for creating their track record.

What should you do? Don't get involved in these disputes! You should read Barron's and watch Cramer! Anything you can do to help bring more ideas to your radar screen for further research is a worthwhile use of time in this game.

On an online video on TheStreet.com this morning, James Altucher, founder of Stockpickr.com, and Jim Cramer reviewed Time Warner Inc. (NYSE: TWX). What was funny was that this brief two-minute discussion was filmed outdoors and had sort of a "Candid Camera" on-the-street feel. Plus, it was really made up of Cramer asking Altucher what he thought rather than the other way around.

Cramer was less enthusiastic on Time Warner than he had been in the past, but Altucher said at today's lower stock price, it is seems cheap. Altucher discussed the AOL ad growth model not being as great as originally hoped, but noted that AOL on a standalone basis could be worth $30 billion.

Cramer said Wall Street wasn't happy, but Altucher said the stock purchase by Time Warner CEO Richard Parsons last week was a solid vote. As far as the buyback, TWX bought back enough stock that it was like buying an entire AOL. On cable subscriber growth, it sounded a lot like Altucher thought there could be some organic subscriber growth left. To top it off, Altucher said $25 could be a target and that 2008 and 2009 could be great years.

We'll see if this comes to pass and if AOL turns into a standalone company. Recently I laid out a path that I think the company can take to make it a quasi-standalone company again. Frankly it would be ludicrous to pick this apart after such an ugly day in the market yesterday and with such a large gap down this morning.

The good news is that if you are into buying strong companies on weak days, Time Warner may be worth a look. It was down less than the market overall yesterday and shares are still above the post-earnings lows of last week.

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Billed as a sort of Myspace for investors, stockpickr.com is a great way to view other investors portfolios, or set up your own list of picks to find other investors with similar investment strategies. You can even view the portfolios of investment icons like Carl Icahn, Warren Buffett, George Soros, and Mario Gabelli. The site was created by TheStreet.com columnist James Altucher, who is also the author of several investing books.

The site can be a great way to look for stocks that are similar to what you own. For example, if you are bullish on an obscure tech company, you could find out what other holders of the same stock tend to have in their portfolios. Check it out here.