Red Hots Want 'More? - TheStreet

Checked just now with

Matt Jacobs

, the keeper of the

Red Hot index. We were joking about a good trade we had in

Brocade

(BRCD)

, which we bought on the back of

Sycamore

(SCMR)

. We had a great hit, as people pronounced Brocade innocent by its association with Sycamore.

Red Hots: Join the discussion on

TSC

Message Boards.

Then Matt brought up the truth. He said that unless the Red Hots are meant to ossify like the

Philip Morris

(MO) - Get Report

-

Union Carbide

(UK)

-

Goodyear Tire

(GT) - Get Report

index (otherwise known as the

Dow Jones Industrial Average

), we have to add Sycamore and fast. You can't have an index with Red Hot pretensions without this newbie. This stock was meant for this index even when it was just a glint in Dan Smith's eye.

What do you think? Tell me on the

message boards.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Broadcom, Exodus, Redback Networks, Sycamore and VeriSign. 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.