That's it. The '64
. That awful 76er team that won fewer games than I have fingers.
football team. Forget about it.
The loser and new antichampion is
Advanced Micro Devices
, which just went for the title with its preannouncement just now of a big steaming significant loss.
If AMD were in football, it would have the first draft choice for as far as the eye can see. Heck, if you didn't know any better you would think these guys are point shavers!
When I wrote that these guys didn't have a clue last month you couldn't light up a cigarette next to my email box without causing one of those fireworks-like fires.
Maybe this time people will get the message: There is no price, at least on a fundamental basis, at which you can own this stock.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. 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 by sending an email to firstname.lastname@example.org.