Back to the Griddle

Cramer played one last April Fools' prank to illustrate how hot the opening's gotten.

Author:: Jim Cramer
Publish date:: Apr 5, 1999 9:50 AM EDT

As a joke this morning, I went into our morning investment meeting and tried to pitch

Cypress Minerals

(CYP:Vancouver) and

Phelps Dodge

. People looked at me like I was nuts. Gotta save that stuff for April Fools'.

Yep, things have just gotten totally out of control. Nobody wants to even hear something that is not Net-oriented. Heck, I guess you could try to slip in a

Qualcomm

(QCOM) - Get Report

, a

Broadcom

(BRCM)

, or maybe even a

Viacom

(VIA) - Get Report

. (Don't worry, nobody is going to come in with

3Com

(COMS)

-- it may have to change its name for the Truth in Symbols Act!)

Looks like we are right back on that red-hot griddle, the one in that

Holland Tunnel Diner

, where they can make an egg sandwich in 18 seconds, but leave the eggs on for five more seconds and things are burned to a crisp.

Too hot for me.

But not so hot that I want Phelps Dodge or Cypress Minerals. Gotta be volcanic to move to that stuff.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Viacom, 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.