Who said you can't teach an old dog new tricks? Day four of my
Matt "Cellar Dweller" Jacobs
, and our trusty real-time
Street.com Portfolio Tracker
is showing my million bucks at $1,019,791 vs. Matt's at $940,479. That's plus 2% vs. minus 6%, which is some serious outperformance.
Join the discussion on
man and BEA Systems
(the latter I am long ahead of an analyst meeting next week) are behind my wins.
Mystified by this whole B2B world? Go to the
boards, where very smart people are fleshing out the barebones of what these companies are about.
What makes me so bullish about this group? Actually, it is an oddity: There are so many deals in the pipeline for the investment bankers in this particular segment of the economy, that you can expect
for these stocks as far as they eye can see.
So many of you have emailed me saying that you are thrilled to have this "low-impact" way of learning about the group, that I have vowed to continue writing about it. Hopefully, the guys in tech will be able to figure out how more people can join in this Rotisserie League, playing against me and Matt. That would really be a blast!
I think we should be able to buy some off-the-shelf Rotisserie League software to make this happen, but it is not up to me. Right now, all I can do is keep hitting up the Portfolio Tracker and updating you manually, until others at thestreet.com embrace this concept.
: Looks like that
convert has been put away as AOL is now rallying back to near where it was when the piece of business was announced. What happens here with a convertible is that institutions take down the paper and then short common against it to lock in a return. That is why there was so much pressure on the stock. Once that arbitrage is fully completed, the pressure comes off and the stock lifts. ... Congratulations to
before it infected too many of our members' portfolios. I have had to say this so many times that it must drive the converted crazy, but nobody
me money like Herb Greenberg. Nobody. You have to take two minutes off each day and inoculate your portfolio against the SFXs by reading him. ... You heard it here first: The bears will be wrong about tomorrow's unemployment number. It will be benign.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long BEA Systems and America Online. 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