Don't ever say they don't give you a chance to get in. On Saturday as I was taking questions from individuals about my speech, which you can find on other portions of this
cyberpage, people wanted to know if there would ever be a chance to buy these stocks lower.
I said that they would always come in, that there would be an event, an unforeseen event, that would let them in at better prices.
No sooner had I answered the question then more people were back wondering whether they just had to pay up to get into the names I was talking about -- at least to get started.
Again, I said, "No." I said, "Wait." An opportunity would come, I assured.
Well, the break happened. This morning. Right then. And when it happened I bet that most people were scared to pull the trigger.
Except for the
subscribers. They knew.
Two lessons: You always get your chance, and when it occurs you can't suddenly be afraid to take it.
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