We just bought our first round of 5,000s. Nobody wanted to do it, but we said at the beginning of the day that, when the Nasdaq hit minus 150, we would buy. We had to force ourselves because it is so nasty.
That's the kind of discipline that we practice. We bought 5,000
, the latter because it has meetings next week. We have no conviction. Conviction is for the birds. We can't buck our "buy them when you can not when you have to" gameplan.
But boy did we buy them easily.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Intel, Verisign and Sun Microsystems. 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