There Is No 'Next Cisco' - TheStreet

There Is No 'Next Cisco'

Cramer says you should never get off a winning horse.
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You know who you don't want to be? ABC -- or Anybody But

Cisco

(CSCO) - Get Report

. This great networker once again proves that winners win and that the dumbest thing you can do with a winning stock, regardless of its price-to-earnings multiple, is sell it to find the next Cisco.

Join the discussion on

TSC

Message Boards.

Last week on our TV

show -- which some people watch, but nobody in my area because

Comcast

(CMCSA) - Get Report

doesn't pick it up -- I said that, as trite as it might be, I wanted to go with Cisco before the quarter.

I know it has sold off periodically ahead of the quarter. It has sold off periodically after the quarter. It has sold off periodically the day it reported and then rallied back.

But it was almost always higher a few months later, which is the real win. This time was one of those run-ups before, run-ups during and -- now it looks like -- run-ups after. It was right again.

The great propensity in this business, which is transaction-driven, is to make the customer get off the winning horse. Jockeys know better. So should you.

Random musings

: Cheap shot department:

Enough about

Lernout & Hauspie

(LHSP)

. Who cares?!

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