Get me some stock!
Those four words seem like the operative rap worldwide this morning. We are no different. We are trying to go after three types of stocks: tech that is through paying the price of Y2K, tech that was hot last week, and tech that has cooled because big lock-up expirations have weighed too heavily on it.
The last is the most interesting to me. Nobody wanted to take a stab at these heavy stocks at the end of the year because they could detract from performance. Now, however, they seem like godsends
there is enough supply to get long immediately.
And that's what we want to do.
What a contrast. There is
last night on
talking about how winning is all that he believes in, that it is a religion. And there is
Oakmark Fund talking about how his stock-picking method, which has generated two horrible years for his investors, is his religion. Not to be sacrilegious, but it would seem that Parcells does more for his believers with his religion than Sanborn does for his investors with his.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. 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