Do you sell now, betting that whatever might be out there could not be as good as this? Look, I love to ring the register. I like that tingling. I always thought that when they put those computerized registers in stores, they took away a key incentive -- the ka-ching -- for the salesperson.

But, with the exception of a couple of drug stocks that I am paring back, I am not selling much of anything. (I am selling some of the drugs only because they have reached the prices where I have calls on them. In other words, for

Pfizer

(PFE) - Get Report

, when it was downgraded earlier this week for who-knows-what silly reason, I bought a ton of November 40 calls on it. Now that it is all the way to the strike, I am selling the common and letting the lower-risk calls do the trick.)

Somehow, I don't think after this massive volume up week, with terrific advance-decline and wonderful bonds, that the first week of November is going to bring anything more than more capitulation from the Ursa Majors out there. In fact, I hope, tonight, the rangers remove all of the bears' ties, shoelaces and belts, because the damage done is quite daunting.

My best call of the week was the "Buy the

Red Hots" call from the television show last weekend. Smoking!!! Maybe you ought to watch the show -- heck it is on three times, Saturday at 10 and 6 and Sunday and 10, to catch the next one in time!

Random musings

: This afternoon profit-taking is a gift for those of us willing to put money to work in the waning hours of the day... Doing what is known as a strangle on

Mister Softee

(MSFT) - Get Report

, buying calls and puts, betting on ... something!

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Microsoft, Brocade, Sycamore Networks, VeriSign and Redback Networks; he was also long Pfizer calls. 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.