Jim Cramer’s Stop Trading! – Trading Research In Motion Ltd
“If you wanted a statement that suggests that the stock market should go higher, you just got it,” Jim Cramer said on Wednesday’s “Stop Trading!” segment. Cramer was talking about the Federal Reserve’s decision to leave interest rates unchanged and their statement following its two-day policy-making meeting. However, what really stuck out to Cramer today was the stock market’s ability to trade higher as oil fell. “Maybe we’re breaking away from the silly linkage which says that unless we see some sign that the economy’s strong, via oil or Baltic freight, we go down,” he said. “That’s not happening, and it’s very positive.” Cramer congratulated General Mills Inc. (GIS) for a great quarter, calling it terrific on both the top and bottom lines. “The company had gone from being a consistent grower to being an actual better-than-consistent grower,” he said. Cramer told viewers to focus on the mobile Internet’s long-term prospects rather than trading the related companis’ quarters. “I don’t care what Research In Motion Ltd (NASDAQ: RIMM) reports tomorrow. If you’re trying to play this for the quarter, you’re making a big mistake,” Cramer said. He mentioned that the Internet tsunami is so strong it’s lifting all boats, like RIMM’s BlackBerry, or the Palm Inc (PALM) Pre and even AT&T Inc. (T). Lastly, Cramer reiterated his call on American Intl Group Inc (AIG) to issue a secondary offering. He said the stock’s run-up is due to the biggest short squeeze of all time and he urged management to take advantage of it. “This is a company that has a lot of assets that we don’t even know about that they’re trying to sell,” he said. “If you raise that quick bit of money, at least it makes the next layer of sales go better.” Join the fastest growing community of small cap investors at Stockhideout.com
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