The Bets Are Made

Cramer's trying to resist taking stock here.
Author:
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I have to summon every ounce of energy to not take stock here. I keep wanting to lift

Xilinx

(XLNX) - Get Report

, having already taken 10,000 shares. I want to stop

Yahoo!

(YHOO)

from going down by just standing there at 160. I want to put a floor in on

International Paper

(IP) - Get Report

ahead of the quarter.

Which means I do nothing. I have made my bets. It is a sleepy Friday. All I want to do is

not

force a trade out of boredom (IP) or desperation (Yahoo!).

This is one of those days (and I'm reminiscing here) where I would turn to my wife in our Bucks County gardening shed of an office and say, "It looks really great. Looks like it wants to run." And she would look at me and tell me to go get us some Big Macs and fries to stay out of trouble: "Because if it looks great to you, it looks great to everybody, so forget about it. Tell me something I don't know."

So, for the record, it looks great and I'm going for ices. Too old and too much exercise needed to work off a Big Mac at this point in my life.

Random musings:

Killing time with

Jeff

. We thought we could open up a Web site and start charging for rumors like

AT&T

(T) - Get Report

to buy

Lucent

(LU)

, or

IBM

(IBM) - Get Report

to merge with

Lexmark

(LXK)

, or

DuPont

(DD) - Get Report

to buy

Conoco

(COC)

. If those don't move you, how about

Fannie

(FNM)

to buy

Freddie

(FRE)

, or Freddie and Sallie to marry? What the heck? All you have to do is say at the beginning, in small agate type, "The following is a total crock of &^@#." Value added.

OK, here's one: Lots of puts being bought ahead of what may be a negative

Barron's

article about

Knight/Trimark

(NITE)

.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long AT&T, IBM, International Paper, Lucent, Xilinx, and Yahoo!. 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.