The Identity of the Sacrificial Lamb - TheStreet

Now it can be revealed. For a brief moment, one brief horrible moment, we sold Just Don't Sell Us


. We threw JDSU into the

volcano last week to please the gods of trading. It was the bottom. The absolute bottom. The incredible horrible bottom. It was the total abyss.

As soon as the stock rallied two bucks, we bought it back. We had pleased the gods. They were appeased. Which is why I never bothered to reveal what we threw. It was a symbolic submission of our own fallibility.

And it worked.

Now you know. Had we not bought it back, I think it is safe to say that I would not be allowed to wear a belt, a necktie or shoes with laces at work.

What a business.

James J. Cramer is manager of a hedge fund and co-founder of At time of publication, his fund was long JDS Uniphase. 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