Drafty Even on a Hot Day

JJC's talking about Broadcom, one of his faves.
Publish date:

Is there anything tougher than trying to figure out whether you should sell a stock that some crazy institution marked up at the end of the quarter?

Yes, when to buy it back.

I am speaking in this case of



, one of my faves. Those who have seen me on my


chats are familiar with this name, as are those who ask me over and over what do I mean by telco tech.

Broadcom is that perfect smorgasboard of semi, telco, cable, modem, 24/7, high-speed, real-time, mission-critical, Jeeves-lovin', one-stop, Gigabit-Ethernet, fast Ethernet, superdeduper Ethernet, remote access, last-mile, direct-data, high-bandwidth, broadband, Docsis, set-top, dsl, xdsl, adsl, integrated voice, data, IP-breathing video play that mutual funds salivate over.

But is it thin. Razor-thin. And it can be taken up beyond all reason. Yesterday it was taken up beyond all reason. 18 points! I had to sell. Had to. Wouldn't be married to the Trading Goddess if I didn't.

But today, down 7, I couldn't help it. I was naked without my buzzword stock. Drafty even on a hot day.

The problem is I know this stock is up on quicksand. I am literally hoping it comes down. I am rooting against myself.

But who knows when the fundamentals come back into play and the markups have worn off? I know I never do. Which is why I had to get started somewhere.

Random musings

: So I call my dad today and ask him if he has been using the real-time quote feature that


added recently (members only, of course -- so pay up, pals!!). Nah, he's still going to other sites for this stuff. Wrong!

My dad's not alone. Right now, I bet most of you don't know about all that


has added in the past few months. Check out our constantly expanding

Tools section, which now includes options quotes,

First Call

earnings estimates, historical data, IPO filings and much more. I am determined to turn people on to our tools and quotes because they are rapidly becoming the best of the Web.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Broadcom and Yahoo!. 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