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Cursor manipulation with select statements

This is something i did in foxpro and wonder if it is at all possible in pl/pgSQL. I would create a cursor in foxpro then populate it with Inserts then after all that was done use a Select statement to do more manipulation if need be

the Foxpro code would look something like this
---------------
Create Cursor plaything (cname char(10),  price n(14,4),  qty n(14,4))

For  i in SomeArrayofObjects
   insert into playting (i.Company, i.Price, i.qty)
end for

Select cName, max(price*qty), avg(price * qty), min(price*avg) from plaything group by Cname into cursor plaything2
----------------

After a cursor has been created can a Select statement see it or do i have to create a temp table
thanks

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