Huh? Yahoo! (YHOO) , are you teasing us? Did your good news really matter? Or is this just bear fodder, something enticing us into the den so we can get our heads cut off?
Until Yahoo! popped its beautiful head -- yes, I am long it -- all we had was
the negativity and negativity is
a pretty crummy thing to hang your hat on.
But good comments and a good presentation made the stock jump. We have bought another round of five (5,000s) off of Yahoo! We are scrutinizing our wish list for things that have come down enough to buy. So far we haven't found much, but I am cottoning up to
, which I think is at a decent level. We are buying a little.
Wish I had more.
Don't. Can't force it. Have to wait.
What does waiting mean? We bought 5,000
down 7. It is now down 9. We can't do anything there because it is too "tight." We will swoop down in another 5 points.
And we keep buying
, the stock that has stopped going down.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Yahoo, Viacom, Philip Morris and Texas Instruments. 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