Berko

wants to buy CDs.

Matt

doesn't want to buy anything.

Todd

has thrown up his lunch -- and he hasn't even eaten it yet. I am calling my dad to ask him what it felt like when he was stuck outside Leyte Gulf with a broken propeller on his Higgins boat being shelled at mercifully on the first wave.

In other words, the place reeks of capitulation. So now we are committing our second round of buys. Each of us has to pick two names and buy 5,000 shares each. For the record I picked

Lycos

(LCOS)

and

KLA-Tencor

(KLAC) - Get Report

. Todd picked

724 Solutions

(SVNX)

and

Cisco

TheStreet Recommends

(CSCO) - Get Report

.

Berko picked

Columbia Gas

and

PECO Energy

(PE) - Get Report

. Just kidding. He bought

Hewlett-Packard

(HWP)

and

Oracle

(ORCL) - Get Report

. I will spare Matt "

Huh?

" Jacobs. You don't want to know his. (Just kidding.)

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Lycos, KLA-Tencor, Oracle, Hewlett Packard, Cisco and 724 Solutions. 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.