has some revolutionary new chip and they are smoking all of the semiconductors on it. I think that's stupid but it is Friday and I am going to wait until more people know about this IBM thing and then we are going to buy some semis.
This is a common pattern. We are on something that is driving stocks lower. But if we buy the stocks getting hit before more people know about the IBM move, we run the risk of being early.
I have never been fearful of IBM's chip initiatives. There was a time when IBM ruled the world including the chip market, but there was also a time when dinosaurs ruled the world, and I don't want to buy any dinosaur stocks either.
I am getting ready to run the
gauntlet, eager to get up there and make something happen, but I wanted to share this semi story with you before I get ready to take your calls on "TheStreet.com" TV show which is, of course, only on
Fox News Channel
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