*Special* Smarter Money: Hold That Janus Fund for a Higher Price
Every weekend I see people who tell me they are being buried alive by the
Janus
family. Made me think that Janus has become a cross between John Wayne Gacy and the funny ladies in
Arsenic and Old Lace
.
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Every weekend for months I have been saying the same thing: You have to cut back from these guys. They seem to have lost their way.
This weekend, with all of the papers and magazine and television shows being so negative, I changed my tune. I told people, "You have to hold here until you get higher prices. We are due for a trading rally and you can get out of Janus at a higher price."
Make no mistake about it, I think that the
Firsthands
and the Januses represent the past, not the future. But right now, with the
Investor's Business Daily
index down 20% and the world betting against the momentum funds, I want to bet with these funds for a week or two, until we get out of this oversold position.
TheStreet Recommends
It is too late to sell these happy-go-lucky bull market maniacs until you get higher prices.
Random musings:
Who's next for
PSINet
-
ville
(PSIX)
? Bunch of candidates on your screen right now, including
Winstar
(WCII)
.
James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to
jjcletters@thestreet.com.
