"I wanted to buy



at 95, but this war in Kosovo stopped me."

"I know I should have taken



at 150, but I was worried about the


deal -- or lack of it."

"I wanted to pounce on


(ATHM) - Get Report

at 125, but I heard there were

big outflows in the



"I thought about taking some

America Online


at 112 the other day, but I heard that these sellers were huge and weren't going away."

"I should have bought



, but my wife likes


(WHR) - Get Report


Yeah, yeah, yeah. There's always something that keeps us from pulling the trigger. It's always intelligent, makes sense and seems prudent at the time.

Now if you want to come in, to me it feels too late. Every one of those stocks has made such a move that I can't come in at these levels -- or, if I did, it would be to sell them.

Discipline, trading discipline, is not the enemy. We make the stipulation here that we are too late now. If we made excuses 10% ago about why we didn't buy; we don't rewrite history. We don't say it's now OK to come in.

Now, at

Cramer Berkowitz

, we have to wait for a selloff to get in.

Woulda, shoulda, coulda.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long America Online and Yahoo!, although positions can 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 letters@thestreet.com.