With the market taking a beating, I want to put some more of my money to work. After you read this Alert, I'll buy 300 shares of Citigroup (C) (down $1 as I write -- below my cost basis) and another 500 shares of Inverness Medical IMA (down 65 cents as I write, slightly above my cost basis).
This will leave my cash position at a very low level, but I am going to make some sales early next week once my trading restrictions are lifted. As I wrote Wednesday, I'm going to have to pare some of my larger positions to get some liquidity but that won't reflect any judgment against those names.
Regards,
Jim Cramer
DISCLOSURE: At the time of publication, Cramer was long Citigroup and Inverness Medical.
Send email to james.cramer@thestreet.com.