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Matt Jacobs is a senior analyst at Cramer Berkowitz, a New York-based hedge fund, and a colleague of James Cramer, manager of Cramer Berkowitz and co-founder of

. Jacobs is filling in for Cramer, who is on vacation. Jacobs does not own


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stock. When individual installments of the Trading Diary are published, the fund may hold positions in the stocks mentioned in those installments. These positions are listed at the end of each installment and apply to the stocks mentioned in that installment only, at the time of the publication of that installment only. If the fund has no position in a given stock mentioned, that stock will not be listed in the disclosure at the end of the installment.

Cramer Berkowitz often buys and sells securities that are the subject of Trading Diary installments, both before and after publication, and the positions that the fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell any particular security or fund or of the suitability or profitability of any particular investment. Jacobs' writings provide insights into the dynamics of money management and are not a solicitation for transactions. Readers of the Trading Diary bear responsibility for their own investment research and decisions.

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