James J. Cramer chatted on Yahoo! on Tuesday, Aug. 3, at 5 p.m. EDT. As with all chats, this transcript is unedited.

Creme_Delacramer:

Welcome all to a very very long day!!

Jerry328lv asks:

Do you think there is a sell-off in stocks because of the 2000K bug?

Creme_Delacramer:

No, I think there is a sell off in stocks because there are too many dot coms and and because interest rates have moved higher.

lufml72 asks:

It seems like everybody has some stake in an internet issue - do you believe this could derail the US economy?

Creme_Delacramer:

No not at all. In fact, the Internet is pervasive as a cost deflator and it remains strong.

Creme_Delacramer:

What we didn't want was the market to get so hot that the Fed pulls the plug on the bull.

Jerry328lv asks:

Do you feel AOL is still a good bet?

Creme_Delacramer:

I still own some. I don't encourage anybody to buy it though. I keep some on to keep track.

Crz4money asks:

Once the markets rallies again, which sectors do you believe will be the leaders?

Creme_Delacramer:

Track of the sector but the Net is no go right now. The market wont rally until the coast is clear on interest rates.

Creme_Delacramer:

When it does the companies that will do best are the ones that are showing strength right now: semis and net equipment providers.

louismg1999 asks:

Now that IPOs are no longer stellar -- is it tougher for strong companies to launch in this market -- even if they have good fundamentals?

Creme_Delacramer:

Louis, it has only just gotten tough. It is too early to tell. We just had our first bad underwriting week.

Shabazz_Miller asks:

Jim, what about Sothebys, perhaps the best way to play the e-commerce net a rear?

Creme_Delacramer:

I think that is a much too played out theme and I want nothing to do with it.

revo asks:

Employment figures out this upcoming Friday. Labor costs will be hot. You think stocks will go down based on the results?

Creme_Delacramer:

I think that the bond market is factoring in that so therefore the impact on the stock market wont be that great. I don't like it but I don't want to be too negative.

lyncha00 asks:

Is gold dead forever?

Creme_Delacramer:

Yes.

Raffi_Gostanian asks:

Time to buy BRCM?

Creme_Delacramer:

I think Broadcom is a good company but it is the type of company that has had too big a run and is owned by momentum types who would sell it.

Raffi_Gostanian asks:

When will QWST turn around? I'm down $8 - time to sell?

Creme_Delacramer:

I wouldn't sell it but I would not add to the position until the deal closes.

Trench_rat asks:

JJC, all the telecoms are in the crapper...like T, QWST, GBLX...is there a fundamental reason for this or it just that the funds and traders have turned away from this sector in general?

Creme_Delacramer:

I think the reason, David, is that there is way too much deal-making and it is being done to the detriment of the shareholders. These guys issue stock like it was monopoly money.

gsmith4 asks:

Best looking guy on that TSC TV show is

Gary B. Smith

, of course. But, who's second?

Creme_Delacramer:

I think

Adam Lashinsky

cuts a kind of interesting look. My wife was in here watching a tape of the show yesterday and she said "those guys are the real stars. Get rid of everybody else and just give them their own show.

lyncha00 asks:

Oil services a safe place to hide?

Creme_Delacramer:

Lynch, let me tell you what

Michael Steinhardt

, the legendary hedge fund manager once told me: the only place to hide is CASH.

lufml72 asks:

AMZN was a liitle shinier today --- could it be a gainer again you think ?

Creme_Delacramer:

It could bounce but I hate that stock.

SuperBRB asks:

Can NITE continue to make tremendous profits?

Creme_Delacramer:

The stock is saying no it cant. I worry about these stocks, but boy have they been hit.

nixnux asks:

Thanks for the great job you do at TSC. What are your thoughts on JDSU? It seems to be holding up well so far during this correction?

Creme_Delacramer:

Nixnux that thing is a real horse. I keep hoping for it to come in, no such luck, it is a monster.

Trench_rat asks:

It seems that we are in a traders market now...is it wise for long term holders to simply satand back and watch here?

Creme_Delacramer:

I wouldn't even watch!

panicprofit asks:

What do you think about the new technology of using power lines as internet backbone 200x faster than present cable/ASDL?

Creme_Delacramer:

PP, I wrote a piece today about devices and ideas that aren't investible that could hurt you in the market if you try to play them (Rexon) I think this area applies to that. I wouldn't invest in it.

headindown asks:

What is your view of the airline industry and in particular AAIR?

Creme_Delacramer:

I don't like the industry; I don't know that one in particular.

samuelchang88 asks:

How much further will AOL & EBAY have on the downside?

Creme_Delacramer:

SC, another emailer I recognize, let me say that I think Ebay is a very weak stock that I don't want to be in. AOL has some business momentum but I would not start a position until it gets even more washed out. I am long AOL.

jfgreig asks:

How do view the Asian recovery...for real?

Creme_Delacramer:

I think this is very, very for real. I remain long MBK, the largest bank in Japan, which has begun to be a good trade for me. I think Asia is the place to be on weakness.

louismg1999 asks:

What do you think of the business model of companies that provide free services -- both short and long term?

Creme_Delacramer:

I don't like them., In fact I think they are shorts. You need more revenue streams to be great, not fewer. I think free is a bogus model.

lufml72 asks:

The dollar has weakened against major currencies -- if it falls lower is it going to be bad ?

Creme_Delacramer:

Yes, this is one of those nagging trends that could really hurt the bond market. As I never tire of writing, the bond market is key. When the dollar is strong foreigners buy bonds; when it is weak they sell them and rates move up which is bad for the stock market.

Trench_rat asks:

JJC, are all these rallies simply "sucker's rallies" that suck us back in at the wrong time? It appears that we are moving south and each rally is another chance to sell?

Creme_Delacramer:

Trenchman, I cannot disagree. That is how I am playing it until rates settle down.

revo asks:

Any particular options strategies you recommend using now? And the associated stocks to do it on of course.

Creme_Delacramer:

Let me give you an answer that you might not want to here. There is very little liquidity in most options right not. And they are fully priced, both puts and calls.

Creme_Delacramer:

For example, when CISCO was at $60 and change today, I priced out the Aggie 65 calls; if they were a buck I would have taken 500 or more.

Creme_Delacramer:

But they were at 1.375. That is .375 more than you can pay and still expect to make anything. That is disappointing.

Creme_Delacramer:

Options have been too expensive since last October and I am using them sparingly.

chrss asks:

Jim, are you still long NLVS?

Creme_Delacramer:

I sold some today, thinking that it can trade back down in this terrible tape, but I think it has a good chance of winning a big copper contract that was the main reason why I liked it.

rbukbear asks:

Is the hype on Wireless Net access gadgets all hype & like so many things these days , they become commodity products within months of hitting the Market?

Creme_Delacramer:

Yes, and I would be very, very careful there, really.

nwcapitalist asks:

What does The Trading Godess say about the sell-off?

Creme_Delacramer:

She was in yesterday. She thinks the Net has totally broken down. She thinks the semis are strong and likes the action in Intel.

pmargo2 asks:

You often recommend buying value funds, can you recommend one or two in particular?

Creme_Delacramer:

The value funds I like haven't done that well this year. I like Fidelity Contra.

rappad asks:

Jim, Worldcom has been stalled out here after this past quarter, what's your take?

Creme_Delacramer:

That was not a good quarter. The company had to squirm to make it. I don't like the stock and would not buy it after that quarter.

Creme_Delacramer:

I would wait until it was under $80, where it seems to be headed and look at it then. I know that is a few points away, but I think that you have alot of people in this stock who were looking for an upside surprise and didn't get it.

billey2000 asks:

Do we go down much further or trade in a range before Aug 24. How much more down or what range?

Creme_Delacramer:

I wrote a piece over the weekend that we would fully discount the Fed's moves before the meeting but that I would not expect that discount to be reached until we are closer to that date.

Creme_Delacramer:

I think that it wont be in the market until after the employment number and productivity numbers come out this week. You should read Padinha on this stuff at

TheStreet.com

as he has a tight grasp over how strong the economy really is.

jimfink asks:

Are you still long Fairchild? Some insiders have been buying the stock?

Creme_Delacramer:

I have a 13-D position Fairchild, that it a matter of public record. If I had sold any stock you would have read about it. I have sold none.

Creme_Delacramer:

Beyond that has been my policy not to comment on small cap stocks I own in these forums.

klefnaoui asks:

Jim, what do u think of Netbank at 19?

Creme_Delacramer:

I have said often that I did not think there is much proprietary about Net banking.

onmyoan asks:

If the dot coms continue to move lower, at what point do they become acquisition targets of "traditional" companies that want to build a significant internet business?

Creme_Delacramer:

I would not be surprised if that started happening in the next few weeks.

bastazulu asks:

Why do the Orioles suck so much?

Creme_Delacramer:

Beats me; why are the Phillies in such a tough division; that is life.

hemulewacker asks:

What are your favorite semis and equipment provider stocks?

Creme_Delacramer:

My faves are Intc and TXN.

Tibor_Tibor asks:

Any thoughts on Cisco's upcoming earnings?

Creme_Delacramer:

I am betting they will be very strong.

Crz4money asks:

What are the market indicators that you follow to get an overall feel for the market?

Creme_Delacramer:

I look at the S&P's oscillator every night.

Creme_Delacramer:

I look at the advance decline, the CMR, the BKX, the DRG the CYC, the bond futures, gold, oil, the dollar, the yen, the pound, the d-mark, and the commodities indices.

Waves8 asks:

Jim, is this new chip from SUNW make it worth buying the stock?

Creme_Delacramer:

I think SUNW is having a great year. I think it is worth owning.

cyber_dog2 asks:

What significance do you see in all 6 IPO's trading below there offering price today?

Creme_Delacramer:

This is the key question so far of this chat. We have to see deals cancelled. we have to see venture capitalists pulling deals.

Creme_Delacramer:

We have to see deals scaled back. We have to see a decline in underwriting. They are swamping us. They are killing us. Just killing us.

Creme_Delacramer:

If the supply dries up we will catch a real rally.

brawlersgm asks:

Are you still glad you bought bonds?

Creme_Delacramer:

Good question. Let me explain how I buy bonds. I buy them in $5 million increments every point down. I have to wait until $86 and change to buy again.

Creme_Delacramer:

It is very important to realize that I buy bonds as a cash deployment vehicle, not as much of a bet. You buy bonds as a bet when you leverage, which I haven't right now or this year.

bullishfrog asks:

What are your thoughts on Mattel?

Creme_Delacramer:

I thought that Bob Olstein had a good point when he said this company is a huge cash generator., But it is very poorly run.

techno_mage2 asks:

Do you think the Dow bottom in August will be at the 10500 support or the 10000 support?

Creme_Delacramer:

I tend not to look at the Dow as a support level index. I look at the individual components of the Dow and I think they all seem pretty cheap.

wbfriend asks:

When do you think we will see a turnaround in the drug sector?

Creme_Delacramer:

That will not happen until rates have finished backing up and start going back down.

Creme_Delacramer:

All up moves are false until then. I own no drug stocks.

simster1 asks:

Do you like AT&T?

Creme_Delacramer:

I got stopped out of this stock recently., It is so heavily for sale it is scary. That guy Armstrong's honeymoon is clearly over.

newtopos asks:

You see any companies that could start buying back shares at these prices?

Creme_Delacramer:

Sure, United Technologies. Some of the drug companies. IBM, which I am long.

lufml72 asks:

Wal-Mart on the Net -- bound for success or other way?

Creme_Delacramer:

I think you want to own Wal-Mart because it is a great retailer (I am long it) but be careful because it is hard to own retail when rates are backing up as they are.

jawari2000 asks:

Long and short on EGRP?

Creme_Delacramer:

Holy cow has that stock ever been taken to the woodshed. I mean they have just reamed it would have to think it bounces here. Could be a coiled spring.

whiteras70 asks:

Is Starbucks a buy at its currently lowered price?

Creme_Delacramer:

I totally take my cue from

Herb Greenberg

on this and he says no. Herb Greenberg is currently the hottest business columnist in the country bar none and I would not bet against him right now.

Creme_Delacramer:

He made a prediction on our Fox show to stay away so that is what I am doing.

elishani asks:

Do you like the cable stocks?

Creme_Delacramer:

Not really. I think they have had too much of a run.

bbigsby asks:

Are we gonna get Baby Bills after the DOJ takes their ax to MSFT?

Creme_Delacramer:

I don't think so. I don't think the Justice department wants to create value at Mister Softee.

Creme_Delacramer:

I think it wants to punish Mister Softee.

dschmook asks:

Any thoughts on Doubleclick and the internet advertising segment?

Creme_Delacramer:

I have a small put position on Doubleclick. Nothing against my friends at Doubleclick.

Creme_Delacramer:

In fact I sold many of the puts today, but this is the type of stock that is getting clocked here and I thought it represented a chance to profit from the downside.

GaryLehnertz asks:

Any thoughts on the AOL insider sell-offs?

Creme_Delacramer:

I think there is insider selling at many net stocks. Earlier today I was asked repeatedly in email whether I am selling my TSCM stock. No. I couldn't if I wanted to, as it is restricted stock, but I don't want to sell it.

Creme_Delacramer:

The AOL guys have tremendous profits. I understand why they would want to sell. That is a fact of life. A stock with as big run attracts sellers. MSFT has always had insider selling. So has INTC. SO has CISCO.

Creme_Delacramer:

That is what happens when you pay people in stock. I am paid in stock for many of the things I do at

TheStreet.com

.

Creme_Delacramer:

I don't need to sell stock. Because I have another business that generates a living for me. If I it were my only source of income and I was paid in stock, I would sell some stock to meet tax and living requirements.

Captain_00047 asks:

Jim, how much influence do the futures markets have on the overall markets.

Creme_Delacramer:

In solid markets they have very little influence. In markets where there is a downward bias or if there is little conviction, they can have an inordinately negative influence.

Creme_Delacramer:

In the months lead-in group to the 1987 crash they exaggerated the market up.

hardglass asks:

Hello Jim, what's your outlook for Infoseek? Should we as shareholders vote No or Yes to Disney's offer?

Creme_Delacramer:

Hardglass, I hate to be a bearer of bad tidings, but Disney doesn't really care how you vote as that deal is a done deal for them.

vizsla_fan asks:

Was the selloff in the ebrokerages today overdone?

Creme_Delacramer:

I think that the First Boston call that knocked them down was not a shocking call.

Creme_Delacramer:

But these stocks are in just terrible, terrible hands.

Creme_Delacramer:

They are owned by heavily margined players. That means they can be dangerous. I said earlier that EGRP could be a coiled spring because it has been compressed so fast, but it cant rally until all of the margined players are kaput.

revo asks:

Based on your comment of companies issuing stock like monopoly money, that indicates you think the market is over-capitalized. By how much you think?

Creme_Delacramer:

Not the market, just the dot.coms. In fact, the rest of the market has been a net buyer of stock.

Creme_Delacramer:

I just think the net segment is over capitalized, until the window shuts to more IPO's.

lyncha00 asks:

Thoughts on USIX bottom? they have gotten CRUSHED since the IPO.

Creme_Delacramer:

Yeah, they have reamed that one buy good. Don't know when it will bottom.

PierceRTongue asks:

What do you think the future holds for General Magic and it voice services?

Creme_Delacramer:

Controversial stock. I hear good things about the reorganization. I wrote an article in thestreet.com about how I got burned on the IPO, but I have not looked at it lately.

Creme_Delacramer:

Dozens of emailers told me that it is turning, but I can't vouch for the darn thing.

et000000 asks:

WDC has annual sales of 2.5 Billion. Any comments on its plight in that context?

Creme_Delacramer:

I think this is a company that is fighting for its survival.

lynnrose1 asks:

Is there 10 year growth opportunity for the online financials (ie, Schwab, ETrade)?

Creme_Delacramer:

Ten year? Heck I am worried about ten days!

Creme_Delacramer:

Actually I think it depends on what the old liners do. They could all hurt the new guys if they got wise but I don't know if they will.

Waves8 asks:

Jim, as a person looking to reposition do you sell your winning positions or losing positions?

Creme_Delacramer:

Never sell your winners, always sell your losers. Otherwise you will end-up with a porfolio of losers.

txinvestor98 asks:

Are you troubled by the brain drain at Mister Softee?

Creme_Delacramer:

Nah. I don't think they lack for talent out there.

txinvestor98 asks:

Why is Berkshire Hathaway lagging this year?

Creme_Delacramer:

Because the underlying investments include some companies that are stumbling.

newtopos asks:

Do you think the e-tailers will eventually stop the price wars, so there's a chance of profitability?

Creme_Delacramer:

No, I think these guys are bent on self-destruction. I am not kidding.

archerg asks:

Do you like any of the biotechs?

Creme_Delacramer:

I am long some AMGEN for a trade.

beech1997 asks:

Jim- if techs usually suffer during the summer, when do they usually start improving?

Creme_Delacramer:

September.

RoarkGalt asks:

When will

Barton Biggs

retire and move to the coldest place in the world?

Creme_Delacramer:

Don't get me started.

jcyber_98 asks:

What are the stocks for 2000?

Creme_Delacramer:

Oh boy, dwindling list: Cisco, Intel and lets just wait until the fall.

curbcrusher asks:

What do you think of the WWF's IPO filing?

Creme_Delacramer:

Curbcrusher, it, like the

Martha Stewart

filing, signals that the IPO market is way, way too hot and has to cool off . It is a bad sign not a good sign.

bastazulu asks:

When do you sell your losers, when they break down technically or fundamentally?

Creme_Delacramer:

Fundamentally. I don't care that much for technicals other than for entry points.

Creme_Delacramer:

I enjoy hearing and reading technicians though.

lyncha00 asks:

How come Seymour never does chats?

Creme_Delacramer:

I would think Seymour knows the answer to that. That said, I have to tell you that if you don't read

Jim Seymour

you shouldn't trade or invest in tech.

Creme_Delacramer:

He is the best there is,. He is the man you must read to understand this stuff.

txinvestor98 asks:

Why do you do so much short-term trading?

Creme_Delacramer:

I have a longer term portfolio of small cap names that I never talk about that you don't see or hear.

Creme_Delacramer:

I trade to keep that portfolio balanced in case it slips as I am making much longer term bets with that.

daveblanchard59 asks:

You've shared any number of gambling anecdotes as illustrations. What do you think of e.g. riverboat gambling as a real solution for municipal jobs/tax revenues issues?

Creme_Delacramer:

I think it is a zero sum game and I hate it. I think we should plow money into schools and teachers and jobs for kids not gambling positions.

Anything_that_goes_up asks:

Jim -- homebuilders are at 7X this year's earnings. All execs are still positive & great visibility in 2000. How low can they go?

Creme_Delacramer:

I have seen them go to 5 -6 times earnings in a rising rate environment so take your time.

srolfe asks:

Did you grab any PMCS under 78 today?

Creme_Delacramer:

I was an idiot not to.

bullishfrog asks:

Your thoughts on Level 3?

Creme_Delacramer:

I have people here who want to buy it very much but I have held off because I own enough of its ilk.

WSCFan asks:

Any stocks you think will most benefit from the MP3 revolution?

Creme_Delacramer:

I think you should read TSC's excellent series including Jim Seymour, who knows more about this than anyone. I would pay $10 a month just to read him.

Icover asks:

Hey, I have asked three 2 questions and they have not been given to Jim. What GIVES here!

Creme_Delacramer:

Oh man, where were you on my Sunday chat? We needed people then!

skempola asks:

What's behind the precipitous drop at NEON?

Creme_Delacramer:

Bad earnings.

pmcwhirter asks:

Will the fed be influenced by a cooled off market?

Creme_Delacramer:

Yes, I think it will be a factor. But the FED wants to see productivity improvement and a cool down in final demand. It wants to see wages stable and it wants to see slower auto and housing.

Creme_Delacramer:

Numbers. It is concerned about housing inflation and stock inflation.

bbigsby asks:

Is your TV show going to drive the creation of the Fox Money Channel?

Creme_Delacramer:

Have you been reading my mind?

dylan_44 asks:

What do you think about UPS?

Creme_Delacramer:

I think it is a very well run outfit and could work in the right environement--mostly a lower rate lower oil and gas environment, which we don't have right now.

Elliot Dorbian asks:

First time long time. are you pleased with the retailers today?

Creme_Delacramer:

Not clear. I thought most of them acted doggy. I own some JCP and some WMT

Piscatologist asks:

Is OMKT gonna ever soar?

Creme_Delacramer:

Oh maybe, but a lot of planets have to align to have that happen.

GHuhn88397 asks:

JJC, are we seeing any capitulation or panic selling, or is the bulk of this downward action futures driven?

Creme_Delacramer:

Hey GH! I think there is a lot of margin selling and a lot of money that is coming out of equities to the sidelines until the bond market settles. But not a lot of capitulation yet.

frankdejager asks:

Jimbo do you prefer to work with journalists for

TheStreet.com

or brokers?

Creme_Delacramer:

I like to work with anyone who can help our readers make money.

louismg1999 asks:

Cramer: For months analysts could not see the CPQ crash coming, just like many missed the jump in AAPL, which is near a 6-year high. Why are profits not seen as good quality in PC stocks?

Creme_Delacramer:

I don't think it is fair to talk about what happened to Compaq. The company was less than truthful with analysts and investors. AAPL doesn't get a fair shake because most stock investors are WINTEL based.

peeny69661 asks:

Why is Daytrading making the headlines?

Creme_Delacramer:

The horrible tragedy in Atlanta.

tenbagger asks:

Jim, do ISLD, BWEB, or FFIV make sense here?

Creme_Delacramer:

You know I just don't know those guys well enough , I am sorry tenbaggerm because you are a faithful chatter.

nenb asks:

JJC, what's the outlook for cmtn (copper mountain)?

Creme_Delacramer:

Holy cow did I leave that one too soon. That is amazing that stock, it is the leader in DSLAM and I thought that would be a commodity but right now orders are great there.

jpstreff asks:

Jim, what events - practically speaking, could cause a 500 point one day drop in the Dow or a weekly drop of 1,000?

Creme_Delacramer:

Look, we have done it before, it could happen again. I am simply not that negative. I don't think that will happen. I think we have a downward bias but not much more than that. I have a lot of cash.

Creme_Delacramer:

But I have very few shorts. I don't like to short when I have a lot of cash unless I think the market is going to go down big and I don't think it is.

stvk77 asks:

Any info on PTEK?

Creme_Delacramer:

Don't know it I am afraid.

tgollan asks:

Was Barrons right about MCK? Undervalued?

Creme_Delacramer:

I keep looking at that stock and thinking so but I never mess with stocks with accounting problems. You never know when another shoe will drop.

Creme_Delacramer:

For example, check out WMI which still has not bottomed.

swickstrom asks:

Any interest in big cap interest-rate sens stocks? Chubb? AIG?

Creme_Delacramer:

Not until bonds bottom and I think they are trying to put in a bottom but are not there yet.

beech1997 asks:

Jim- Mets or Yankees in October?

Creme_Delacramer:

Yankees will be back.

jawari2000 asks:

Jim: Any comments on the banking sector?

Creme_Delacramer:

This is another segment that is totally hostage to the bonds. I say you have to wait until the bonds are done going down to make a move in this sector.

themulewacker asks:

What is your latest list of 5 favorites for 5 years?

Creme_Delacramer:

Again, I don't think this is a such a good market that I want to tell you that some stock is good for five years and yet not be long it now. I like INTC, MSFT, WCOM, CSCO for the long term.

Creme_Delacramer:

I also like AOL and Yahoo for the long term. But for the short term I am more negative and I don't want to give you an impression that I am piling cash into this market. I am not.

Creme_Delacramer:

I am sidelined save for some good acting semis and telco equipment. I am a trader, I want to be in cash if I think the market is short term troubled as I think it is., But when the smoke clears I will like all of those stocks again.

SuperBRB asks:

What will be your trigger to start trading heavily again?

Creme_Delacramer:

I think I will have to wait until some liquidity comes back to the market. That wont come until September, Right now there is just too much money coming out of the market.

Creme_Delacramer:

When the money comes back it will be self-evident. You wont need me to tell you.

Creme_Delacramer:

Right now the money is coming out and it is a not great time to trade as I said over and over again on TSC these weeks: PATIENCE.

bz624 asks:

Are you doing anymore

CNBC

shows?

Creme_Delacramer:

That is not up to me , is it. If they want me I will be there in a heartbeat as I love Squawk.

MMARY1 asks:

Jim, I can not get your Fox program on my cable system. Any chance of consistent recaps of "TheStreet.com" on

The Fox News Channel

?

Creme_Delacramer:

Definitely. In fact, I just committed to giving one every time I am on and others will do it when I am not. I can't be on it all of the time, it is Friday night taping and I have a wife and two kids and, yes, you heard it first, I am getting too old to work the hours I am working. But I have, a lot of energy for helping TSC!

jblasberg2 asks:

If you've taken a big hit on dot.coms; aol, yhoo, cmgi - do you sell or do you hold on by your broken fingernails?

Creme_Delacramer:

JB: the toughest for last. I have to tell you that you can ride out what you believe in, but as I have said on the site, these stocks are not done going down yet. That said, holy cow, some of these stocks, the good ones, have gone down just as much as the bad ones, which spells opportunity and I wouldn't throw in the towel on everything.

Creme_Delacramer:

I want to thank Lisa, my charming and gracious Yahoo host and I am sorry if I could not be more upbeat, but that is not my job. Remember, my mantra if I can help you make money, I want to do it. but most importantly I don't want you to lose money,. I want you to stay in the game for the better times, and believe me they will come. Thanks all and see you on

TheStreet.com

!

ChatYahoo_Lisa:

Thanks for joining us Jim....see you next month!