The Wednesday Afternoon Stalker Movie

Benign opening, then darkness, then redemption.

Author:
Publish date:: May 5, 1999 4:29 PM EDT

The movie-of-the-week parallel to today's session can't be missed. Benign opening, rather quickly turning to a dark stalking serial Net killing theme, and then the last 20 minutes filled with redemption, punishment for the bears and ultimately a contract for 16 shows of the dramedy variety. (Thanks to

Kurt Andersen

for his incredible

Turn of the Century

book that I devoured last week -- more on that over the weekend.)

Yeah, this day had it all. My favorite was the moment of despair when

AOL's

(AOL)

quote couldn't even be found, and

Yahoo!

(YHOO)

was down 100 from its high. That was the moment when we thought the bull/hero was dead.

But there was never a body!

(And those drugs -- talk about countercyclical happy days!)

Another good call by Berko with his cover-the-DOT paper short. In 10 more years, who knows, maybe we will actually wager real money!

Got to scram. Science night at the elementary school. Got to get fired up. Gravity, laws of motion, what goes up must ... hmm ... must not cover this market.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At the time of publication the fund was long AOL and Yahoo!, though positions can 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 by sending an email to

letters@thestreet.com.