Earlier today CNBC.com published a critical piece about Cisco's (CSCO) - Get Report gross margins. Cisco went into a quick tailspin.

OK, I admit it: When Cisco comes up with a line of pajamas with feet, my kids will never sleep in anything else. I still don't understand why there aren't any Chambers or Listwin or Thurber trading cards! I'll give you three mint-condition Jeters and a Junior (with gum!!) -- for a tattered Chambers.

So take what I am about to say with a box of Morton's. The article had nothing. Nothing at all. It talked to some people who are questioning whether, one day, Cisco's gross margins will be under some pressure. I could have written this piece any time in the last 10 years. It is what I call "evergreen" -- as opposed to an analysis that is time-sensitive. It is as fresh as the day it was canned.

In fact, if anybody read the whole article, it was bullish. I write this because, earlier in the day, I wrote

a short note that said this story would knock down Cisco incorrectly and I would buy it. That's exactly what I have done. I wrote the first piece before we even had a chance to buy it. Now we continue to buy it.

And buy it.

And buy it.

Enough said?

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Cisco. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.