Even these corrections are textbook good!
The market took a swipe at the hottest stocks, left the others to do nothing and just kept chugging.
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Sure, the momentum funds hiccupped today. But no one ever got real sick from hiccups. (At least that I know of.)
We are still trying to get in our little positions. We started an
position down 9, and a
down 15. But we let some
go up 30.
One of my closest friends reminds me that Akamai means "smart" in Hawaiian. But when I asked the room what it meant when we rung the register, Jeff blurted out, "Profits!"
I guess it now means that, too!
board is heating up. I think it is a legitimate B2B'er, but there are others who disagree and still others who think it is just plain dumb.
Matt B2B Jacobs
is anxiously trying to get the
board going, but it seems stone cold.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Akamai and E.piphany. 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