companies at lower prices the ones with no catalyst they get the heave when things turn bears karen cramerorked with me for years. used to call this circling the wagons around the best names the first few times you do it, you curse yourself you may slaughter stocks you owned for some time. after you experience a number of rough market, you realize how valuable this is you end up with a great cost basis. great investors know how to ignore the emotions when the emotions get in the way of making money the next time the market gets slammed, don't panic nobody made money panicking. don't keep your eyes closed. vicious markets can give you buying opportunities focus on the capital on your favorites rather than chasing bargains in lower quality merchandise when they were not bargains at all. rich in new york rich >> caller: hi, mr. cramer. it's a pleasure. could you please -- i'm good, thank you. could you please explain the technique of buying calls. it could be or should be used by us home gamers to boost or pad our portfolio. >> a great question. the zarian brothers have done fabulous work on

when i worked with karen cramer, an inventor, chartist at my old hedge fund, she would look at the charts each morning, looking for breakouts and breakdowns and had me research the ones with the most predictable patterns to get a handle on what might really be going on we got some of our best ideas from some of those sessions. a true and successful melding of the technicals and the fundamentals to produce excellent short and long-term results. all of charting technical analysis starts not just with the pictures of individual stocks, but also what are known as the internals internals. patterns about stocks in the aggregate that give you clues to the direction of the entire stock market for years, ever since the great recession that showed the inherent weakness in our financial system, the so-called systemic risk i talked about, there has been tremendous skepticism about any advance of stocks while i believe the systemic risks have been reduced, i know each rally creates really a worrisome set of risks i know you fear that you're coming in at a level that could turn out to be, let's say too