The Fear Is Here

Sun Micro is going down for crimes it didn't commit -- and the trader can smell the terror.
Author:
Publish date:

They just got to

Sun Micro

(SUNW) - Get Report

. That stock reminded me of the Beau Geste fort in Zinderneuf -- Sun Micro looked like Gary Cooper. Or maybe Robert Preston. Now it just feels like Ralph Meeker in

Paths of Glory

.

About to get shot for crimes it didn't commit.

Or maybe that Jim Morrison book

Nobody Here Gets Out Alive

.

Lots of people sucking in deep breaths. Lots of people trying hard not to listen to

Ron Insana

. Lots of people eyeing the knife that just sliced through the 3250

NDX

level.

Fear. Griping fear.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Sun Microsystems. 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.