Tempted by Raytheon

Yes, Cramer is trying hard to stick to the Chartman's advice about waiting out the first dip. But he's beginning to waver on his conviction. What do you think? Visit the message board.

Author:: Jim Cramer
Publish date:: Oct 12, 1999 12:33 PM EDT

Wait a second, doesn't some company buy Raytheon (RTN.A) down here? Isn't it worth something? Could it be this bad?

Tell us what you think of Cramer's latest on

TSC

Message Boards. I have watched this indication come down, down and down and I am thinking there has to be some value here.

But on the other hand, I keep thinking about

Gary B. Smith's

rule about waiting a day and not buying the first dip.

This is one where we can pool our resources and figure out whether there is something here worth buying.

I think at 21 to 22, I will break Gary's rule!

What do you think?

Let's go to our boards and find out.

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.