Buzz Is Still Squirming

 

We checked in with Buzz Gould midday to see how the day was treating him. He only gave us a few seconds of his time.

Cramer: So are things working out as planned, Buzz?

Buzz (Confidence totally regained): Yes, I can't believe I let my guard down like that. We see opportunity everywhere today. We are so happy that the public is in buying the dip. And you know we got a ton of money in too and we are putting it to work in all of our big-cap tech names.

Cramer: But how about all of those recent stocks, those new issues? How are they doing?

Buzz: Not so great yet. The day is still young. Once we are through propping up the older names, we will then go in and take up the newer ones. Those old cots who say, "You can't buy the dip" -- we are going to crush those guys. Boy am I glad I didn't cancel that Hamptons place. What was I thinking?

Cramer: So it is just business as usual?

Buzz (Overheard shouting to trader): Take that PMC-Sierra (PMCS Quote) up another 15 points to get the NAV netassetvalue back to even! And walk up that Kana (KANA Quote), I don't care how much it costs!

I'm sorry Jim, what is the question?

Cramer: Never mind.

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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 stocks 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 jjcletters@thestreet.com.

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