A Split of Opinion

In the case of one stock, Cramer and his partner prove that he who hesitates can win.
Author:
Publish date:

"Sell 10 before the split," Jeff Berkowitz, my partner, says to me yesterday while Sun Micro's (SUNW) - Get Report ramping from 139 to 141.

"But the split's tomorrow and you know it's going to go up again once it splits," I shoot back across my turret.

"We are being greedy," Jeff says. "This stock just moved three bucks. We have to take something off the table."

"Well," I ask, "every time I look, the best time is the morning of the split. That's when you get the biggest pop."

Still, Jeff's not satisfied. He starts calling up a chart. Something's the matter with the machines. Could be the phone lines, which were down most of the day yesterday in our building because of some freak flood.

I'm waiting.

Next thing I know, I hear

CNBC's

Joe Kernen

talking in the background about how Sun Micro will split Friday. His chart works flawlessly.

The stock immediately jumps two bucks to 143, where we sell five.

In this market, he who hesitates, particularly over a split, wins.

Get me the Aesop rewrite desk.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Sun Microsystems, although positions can 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

letters@thestreet.com.