Friday profit-taking after a big week. We shouldn't be strangers to this, should we? Think about it: How can you not want to take something off the table after this beautiful week for the bulls?

We made our sales when I penned that piece about taking something off the table. We haven't made a trade in 45 minutes. In fact

Matt "Jabil" Jacob

and

Jeff Berkowitz

just went out for some

Microsoft

(MSFT) - Get Report

(during a period when Mister Softee declined a dollar!).

Oops, we just bought some

Xilinx

(XLNX) - Get Report

and

Yahoo!

(YHOO)

TST Recommends

-- force of habit, I guess. And we are taking down some

Amgen

(AMGN) - Get Report

calls, as a play against

Melissa Genome Kasper

(just kidding). We like the odds that Amgen doesn't go down much from here.

Random musings

: Add

Johnson & Johnson

(JNJ) - Get Report

to the list of stocks that have more risk, less reward than a lot of the normal tech fare we traffic in. And we think the

Compaq

(CPQ)

negativity is way overdone and we are buying some.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Yahoo!, Amgen, Xilinx, Compaq and Microsoft. 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.