Pay Attention to Mr. TV - TheStreet

Pay Attention to Mr. TV

Cramer learned years ago that if you know a negative piece is coming out, get out of the way until the smoke clears.
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Had to blow out of my Nokia (NOK) - Get Report this morning, even though I figured the Fins would finally figure out the darn conference-call gig and print a good number with a good outlook.

But my

GO Network

link shows that Brian Ross is doing a piece on cell-phone safety and radiation tonight on

20/20

and be darned if I am going to be fodder for that kind of report.

I learned years ago, when

CBS

(CBS) - Get Report

did a hatchet job on

U.S. Surgical

, bringing that stock down 10 points, don't mess with Mr. TV. If you know a negative piece is coming out, do the dance, get out of the way and come back in when the smoke clears.

Brian Ross is one of those investigative reporters I never mess with. He was willing to do a hatchet job on

Disney World

for

ABC

! This guy can't be bought.

Darn, and I thought I had a good one brewing on the long side with this NOKES.

Now I gotta pass.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. 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.