Herb

,

Home Depot

(HD) - Get Report

puts

stores up all over the place because Home Depot customers' biggest complaint is having to wait in long lines!

We liked what we heard on the conference call and are buying the stock on the weakness that seems to be caused by some poor weather and a smaller ticket size.

We are starting the position here and hoping -- betting, thinking -- that it gets hit on a

Fed

hike and we can build the position down.

Why bother? Because the contingent that says we are about to have the last hike for a while seems to be in charge. Sure, that contingent could be obliterated by 2:15 p.m. today, but all that will happen is we get to buy a quality retailer cheaper!

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