Ah, bears frying on the red-hot griddle. No rate hike, good earnings news from a bunch of telecommunications and entertainment companies and a ton of short-covering, as the big puts buyers blow their losses out and try to salvage a little capital. Good script.
In the meantime I am watching the
go nuts, and again I realize that I have to get a handle on what the overnight traders are thinking. It seems that if
has an outage, you are supposed to, immediately, buy every other little brokerage. Why this stuff doesn't come to me, I don't know. Must be those years at
, where they taught me that things like this shouldn't and don't happen. The Net stocks break the rule book every single day.
In the meantime, 2 million shares of
keep looking for a home, or at least it seems that way. Call the pound!!!
goes, so goes the DOT,
TheStreet.com Internet Sector
index? I am beginning to think that Amazon more and more is the key of the large Net plays. You can't have it go down and make money away from it. Just a supposition, but it sure seems right....Sutro downgrades
!! Yeah, that's the way to make a name for yourself.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At the time of publication, the fund was long Amazon.com and Cisco, although positions can 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 by sending an email to firstname.lastname@example.org.