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There they go again! No, not the Democrats -- the darned Web companies.

I continue to believe that these stocks will trade up into their quarter, with some staccato punctuation coming from selloffs like Wednesday's. That will happen because of the incredibly by-rote dynamic of neophyte hedge fund managers throwing on shorts of the stocks that keep flying the moment that the market breaks. These neophytes genuinely believe that the

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are the most vulnerable stocks out there.

They may very well be. But not now. They are not going to preannounce, unless it is to the upside. They are not going to disappoint until they report and miss the ultra-heated whisper. They are not going to get heavy until insiders sell, and they can't right now.

What should be shorted? OK, I'll make it easy: companies that are blowing up, companies that have no support from the mutual funds, cheap companies that are going to get cheaper -- not

expensive

companies that are going to get cheaper, because the latter isn't right at this moment.

Go ahead, get mad at me for the simplicity of all of this, just don't short the stocks that are strong because you're betting they are going to get weak.

It doesn't work that way.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made.

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