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Here it is the day of



-- and I have to tell you, I don't have a clue. I buy it down 10, I sell it up 10. I don't know what else to do.

Yahoo! has become too difficult to trade, even for someone who lives and breathes the stock. The


, for today, seems to be working. My long-beleaguered



is rolling.



is rolling. How intoxicating it all is when this group works.

So many of you have asked me what I think will happen here that I will play my cards with an open hand. I figure Yahoo! blows out the numbers both in pageviews and in earnings. I think it dazzles with the number of advertisers. And I figure every analyst in the book says it is the greatest thing ever and uses it as an opportunity to unfurl the dot-com, business-to-consumer flag.

The stock ramps; I let some go. Because three days later the venture capitalists come out of the woodwork and start their mindless selling that knows no bottom and if I am unlucky, we go right back to where it was before it reported. And if I am lucky it stays marginally higher.

So why bother? Because if it weren't for the knee-jerk venture capitalists, the stock would really ramp much higher, I believe. And I can't game these guys. Maybe one time they don't sell.

And Yahoo! becomes the homerun once again. In other words, it ain't up to the company, it's up the holders.

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