What a benign environment! Oracle (ORCL) - Get Report doesn't get the Boeing (BA) - Get Report B2B business, and it doesn't get hit. Power Integrations (POWI) - Get Report, a supplier to Motorola (MOT) , blows up, and it doesn't hurt Motorola. If you bought MicroStrategy (MSTR) - Get Report at the bottom, you are now closing in on a double. All of the secondaries worked this week. Heck, it is enough to make me want to buy Johnson & Johnson (JNJ) - Get Report.
This is precisely the moment when you should take something off the table if you haven't already. You can get great prices for virtually everything. If you were upset with yourself that you didn't sell before the big selloff, take it off now.
Remember where I come from. I am not a bull or a bear. I am an opportunist trying to exploit market psychology. This is one of those moments when you can sell when you can -- why not re-liquefy now? -- into strength. This "take something off the table" call may seem counterintuitive, given that I like the market. But remember, bulls, bears and pigs. The latter get slaughtered. Don't be one.
Read my Smarter Money columns from
this morning and
last week. Don't be caught too long next time. Don't be caught margined at the top.
Have some cash on hand. You will never regret it.
One of my favorite readers, Laurette, last night emailed me and said her account, which had started in mid-six figures, had now vaulted to $2 million, in large part because of suggestions and ideas she learned from my column. I congratulated her, and then I wrote that if the market gets hammered today -- which it won't -- I wanted to know how much she had taken off the table, put away, where nobody, not the tax man, not the bear, could touch it.
I can't help myself. That's how I think. I cannot change. It is too right.
Stop trading! A headline just runs saying, "
up 11% after
Huizenga Group Investment
." I am a seller of anything that guy buys, not a buyer. Sorry.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Oracle. 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