1989 300TE wont go when cold...

[joegolden]

I found a 89 300te that is in great physical condition and seems to run and drive great! except when its cold...It falls flat on its face when you give it the gas. The car has to sit and idle until warm and then it accelerates perfectly. I really like the car because it runs and drives so nice but of course it has this issue, no a/c, and I notice the large hydraulic fluid tank under the hood...I guess that is for the self level suspension. If I can get it for $2000 what other things should i look for? Thanks so much for any advice you guys might have...