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To: Sonny Blue who wrote (34468)1/12/1999 1:31:00 PM
From: Sonny Blue  Respond to of 164684
 
James Cramer sold YHOO & AOL:

"Instead, yesterday, when Yahoo was up 90, I sold the last bits of my favorite stock. With earnings coming in, and the possibility that a real event could cool the stock off, I jettisoned it. I took a lot of AOL off the table. I sold a bunch of little Net plays. And I realized that this 43-year-old could not do what he could as a 23-year-old: throw all caution to the wind and bet the farm.
Perhaps it will turn out that Monday was the top, that the froth had at last reached 1929-like proportions, but I don't think so. I think I am going to be forced to get back, maybe even at higher prices. But even I, giant Net bull, could not hold back from selling Yahoo up 90 points. I had never made 90 points in a day in my life, and I wanted to take it. I had learned too much not to."

And watch out! He'll be on CNBC tomorrow, I think.