We can't press the sales here. We are hoping the market actually comes in because it would seem that things at the companies we like in tech are doing so well that it would be a gift if the market declined between here and quarter end. We don't want to lose our positions between now and the end of the quarter.
Oh I wish I could be more cautious, more negative, more skeptical, more gosh darn bearish but with
at or near all-time highs, what am I supposed to do, foment trouble? I can't pull that
stuff. Too many good things happening. Our sheets reflect this nontension: We have only two shorts, neither of which are large or noteworthy. Only silly raids like that on
that the bears trumped up earlier today mar the solid action.
Sometimes, when I look at the green on my screen and listen to
Jeff "Old Tech" Berkowitz
Matt "New Tech" Jacobs
there is a nice synergy. The companies that are doing well do go up!
What a relief.
: Don't forget to get your call-in questions for our
show which tapes tomorrow night. My wife's got her new cast on and she doesn't mind me not cooking tomorrow night for a change... Matt "Palms Up" Jacobs won this war on
. Those of you who voted against him, Matt told me to tell you: Better luck next time, losers. I like that guy.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long General Electric, Cisco Systems, Microsoft, Chase Manhattan, Compaq and Palm. 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