Cisco Is Up, and It's Good

The trader is enjoying Cisco's conference call -- nothing but upside, and no waffling. Bodes well for tomorrow.
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It's up, it's good. Of course, it is

Cisco

(CSCO) - Get Report

. What a delight their conference call continues to be. Nothing but upside. And no waffling. The stock has ramped right through to 60 1/2.

Sure they have their concerns. They worry about the world's state. But Asia is better and the U.S. is great. Europe is still good. And Y2K -- no change, they are worried but they have remained worried and they give me confidence.

I am buying some as I write. Can't wait until the Q&A. I like it too much. Bodes well for tomorrow.

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.