Call me an optimist. I just walked in and saw 15 of my favorite stocks down 20 or 30 points and we hadn't bought any. So we're using these last 30 minutes to buy fives and tens (5,000 and 10,000) of
, which we hadn't bought a share of.
down 68 amounts to a severe jolt, a cataclysm that I want to buy into. I don't know if it'll hold, but I know you have to start somewhere. Take
. It was a great quarter but it's now down a huge amount from that report. I don't know if it stops right here. But I do know that I like the stock and I want to be there.
Oops, now it is down 73, and we are sticking in bids and getting whacked.
It feels like a comic book. Kaplam! Powie! Zowie!
It never feels good when you buy them right.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long National Semiconductor, Texas Instruments and LSI. 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