They didn't want me to come by. But I barged into their offices anyway. I couldn't stay away. These guys are right down the hall. I had to find out what they are doing. The door was ajar and I caught everything before and after.


It's gotta hold the 200-day. Everything holds the 200-day. Maybe we should put all of the fund in the 200-day when it gets there. We can squelch that rumor that he is quitting. That's ridiculous. But they are killing us here. Will the 200-day save us, boss? Whaddya say? Are we OK? Are we?


I dunno, Batch. If we go through the 200-day, like I don't know what happens. I guess we have to sell. It will be broken. I don't know. I never thought it would come to this. I am really scared. The 200-day has to hold. It has to. You told me it had to.


No Buzz, it was you who told me, you son of a -- (Looks up.) Hey Cramoo, what's cooking? Didn't hear you out there.


What's going on, guys? You sound a little nervous.


I don't what you are talking about. We were just kicking around the fundamentals of


(CSCO) - Get Report

. We were hashing out whether


(JNPR) - Get Report

has the better switch!




Yeah, no problemo. Business as usual at the

Hot Hot Hot

fund. I am more concerned about this Benz S Class recall. We are doing fine here.


Guys, I saw the

net asset value dip to minus 5% again last night. What's the deal?


We are just between rallies. Nothing to worry about. Relax-mo Cramoo!


What are you guys doing in the high-multiple stocks these days? Are you switching to the defensive names like some other managers are doing?


That's not what our shareholders want. They want tech, hot tech, high-tech,

Red Hot tech. What are you buying at your shop,



Oscar Mayer




? (Laughs.)


We are buying



like mad here and



. We figure we get these two hotties cooking and we can save the tape. Batch, keep taking up that



. It is only a matter of time before we get things rolling OTC-wise.


So the downturn doesn't affect you?


Frankly Cram-it, we are more worried about the weekend weather. I don't think the seaplanes are going to take off for East Hampton if this rain holds up. Might even have to catch the close, get that old Friday short-covering rally going!! Oh, and we gotta do some work here man, so don't let the door hit you on the way out.

James J. Cramer is manager of a hedge fund and co-founder of 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