You can't hide in single-digit value plays. Two press releases on my desk today define that wisdom. One, from Office Depot (ODP) - Get Report, says that business stinks for a variety of reasons including a strong dollar. (What the heck, let's not forget rain and sunspots!) The other from Reliance (REL) , which people rode all of the way down betting that value will out, shows that the wait wasn't worth it. The long-awaited bid just wasn't worth it.

Single-digit stocks afford you no protection from declining

fundamentals. They are not a place to hide.

Random musings:

I'm just waiting for an analyst to say "Richard Braddock from

priceline.com

(PCLN)

files to sell 500,000 shares. That is better than expected. We were worried he would file to sell a million shares!"

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