Cramer: "$200 Billion Deal Keeps Us in the Game"
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Cramer: "$200 Billion Deal Keeps Us in the Game"
"$200 Billion Deal Keeps Us in the Game"
By Jim Cramer
RealMoney.com Columnist
3/11/2008 9:03 AM EDT
"This is what happens when you get oversold. You get a big $200 billion collateral deal that doesn't do what I want, which is take them off the desk, but does give the banks some money away from all that is stuck in Fannies (FNM - commentary - Cramer's Take - Rating), and we live to play again.
So something that is good ignites into a giant short squeeze that rallies everything, and the hedge funds scramble to cover Washington Mutual (WM - commentary - Cramer's Take - Rating) and Fannie Mae and everything else that always goes up on these days: First Solar (FSLR - commentary - Cramer's Take - Rating), Wynn (WYNN - commentary - Cramer's Take - Rating), (LVS - commentary - Cramer's Take - Rating), Intuitive Surgical (ISRG - commentary - Cramer's Take - Rating) and Salesforce.com (CRM - commentary - Cramer's Take - Rating). That kind of thing.
The oscillator ALWAYS rules at these moments. As I have said since I started this blog and since I started trading, only once in my career has it not worked, the week before the crash in 1987 -- that was it. That's the only time that you could not make money betting with it.
It's why if there is anything I have done right during this miserable period, I hope it is to introduce you to the concept so you can profit from it too. "
(in www.realmoney.com)
By Jim Cramer
RealMoney.com Columnist
3/11/2008 9:03 AM EDT
"This is what happens when you get oversold. You get a big $200 billion collateral deal that doesn't do what I want, which is take them off the desk, but does give the banks some money away from all that is stuck in Fannies (FNM - commentary - Cramer's Take - Rating), and we live to play again.
So something that is good ignites into a giant short squeeze that rallies everything, and the hedge funds scramble to cover Washington Mutual (WM - commentary - Cramer's Take - Rating) and Fannie Mae and everything else that always goes up on these days: First Solar (FSLR - commentary - Cramer's Take - Rating), Wynn (WYNN - commentary - Cramer's Take - Rating), (LVS - commentary - Cramer's Take - Rating), Intuitive Surgical (ISRG - commentary - Cramer's Take - Rating) and Salesforce.com (CRM - commentary - Cramer's Take - Rating). That kind of thing.
The oscillator ALWAYS rules at these moments. As I have said since I started this blog and since I started trading, only once in my career has it not worked, the week before the crash in 1987 -- that was it. That's the only time that you could not make money betting with it.
It's why if there is anything I have done right during this miserable period, I hope it is to introduce you to the concept so you can profit from it too. "
(in www.realmoney.com)
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